+ Reply to Thread
Results 1 to 5 of 5

Thread: Excise Tax vs Excise Duty

 
  1. #1
    Senior Member Hebe's Avatar
    Join Date
    Jan 2007
    Location
    Caracas- Venezuela
    Posts
    1,202
    Rep Power
    3671

    Default Excise Tax vs Excise Duty

    Hi everyone !!! Hope you are all doing well. Does anybody know the difference between these two terms? I cannot make a fairly acurate translation to Spanish if I cannot make out the difference between them. As I go through the definitions they seem to be the same, however in a survey I am translating they are pointed out separately.

    Any help will be highly appreciated

    Kind regards


    Truly, my dear young friends, you are a chosen generation. I hope you will never forget it.
    Gordon B. Hinckley

  2. #2
    Forum User
    Join Date
    Feb 2009
    Location
    Querétaro, México
    Posts
    82
    Rep Power
    285

    Default Re: Excise Tax vs Excise Duty

    Hello Hebe,

    I'm completely out of my field here although I did a little searching and what I found it's that in Spanish there are not any different between this two terms, both are translated as "Impuestos especiales" or "Impuestos sobre consumos específicos".

    Sorry for not being of any help but I hope some one can find an explanation on this.

    BTW in that survey that you are on how do they differentiate them?


    Kindest regards

  3. #3
    Senior Member Hebe's Avatar
    Join Date
    Jan 2007
    Location
    Caracas- Venezuela
    Posts
    1,202
    Rep Power
    3671

    Default Re: Excise Tax vs Excise Duty

    Quote Originally Posted by speculumcm
    Hello Hebe,

    I'm completely out of my field here although I did a little searching and what I found it's that in Spanish there are not any different between this two terms, both are translated as "Impuestos especiales" or "Impuestos sobre consumos específicos".

    Sorry for not being of any help but I hope some one can find an explanation on this.

    BTW in that survey that you are on how do they differentiate them?


    Kindest regards
    Hi speculumcm !. Sorry I didn’t spot this sooner.

    The problem is that in the survey they just list them as two possibly applicable encumbrances but they do not provide a definition. From my research (as you well indicated) excise tax and excise duty seem to be the same, but they list them as two different kinds of taxes

    Thank you so much, though for replying to my post

    Kind regards and have a great weekend


    Truly, my dear young friends, you are a chosen generation. I hope you will never forget it.
    Gordon B. Hinckley

  4. #4
    PIM
    PIM is offline
    Senior Member PIM's Avatar
    Join Date
    Apr 2009
    Age
    35
    Posts
    1,094
    Rep Power
    1177

    Default Re: Excise Tax vs Excise Duty

    An excise or excise tax (sometimes called an excise duty) is a type of tax charged on goods produced within the country (as opposed to customs duties, charged on goods from outside the country): It is a tax on the production or sale of a good.
    Typical examples of excise duties are taxes on Tobacco, alcohol, and gasoline.

    Excise duty is a tax levied on the producer of certain goods, commodities and activities. It is a separate tax from VAT and is different from it in that VAT solely affects the consumer (although, naturally, the consumer also indirectly pays the excise, as it is included in the eventual sale price of the product).

    Excise tax is notable insofar as how vague its definition actually is - it would be difficult, if at all possible, to find a precise definition explaining what it is that categorizes goods subject to excise tax. Lists of such goods are readily provided by governments, and it is possible to comparatively deduce what motives might be used for grouping such goods together; however, no explicit, formal definition appears to be provided by any one government.



    Good Luck!! Hopefully, this helps to understand the difference between excise duty and excise tax. Regards

  5. #5
    Senior Member Hebe's Avatar
    Join Date
    Jan 2007
    Location
    Caracas- Venezuela
    Posts
    1,202
    Rep Power
    3671

    Default Re: Excise Tax vs Excise Duty

    Thank you very much for the Info PIM . Very enlightening

    Regards


    Truly, my dear young friends, you are a chosen generation. I hope you will never forget it.
    Gordon B. Hinckley

+ Reply to Thread

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •