Excise Tax - Taxfy

Excise Tax is a form of an indirect tax levied on specific goods which are typically harmful to human health or the environment such as tobacco and tobacco products, liquids used in electronic smoking devices and tools, electronic smoking devices and tools, energy drinks, carbonated drinks and sweetened drinks. The aim of Excise Tax is to discourage consumption of those products. The following businesses are required to register for Excise Tax; Producer of Excise goods, Importers of Excise goods, Stockpiler of excise goods.