Excise Tax vs. Sales Tax: A Guide for Businesses

• Excise tax is a targeted tax on specific goods and services.
• Sales tax is a broad-based tax on a wide range of goods and services.
• Excise tax is often used for revenue generation and social policy.
• Sales tax is primarily for revenue generation.
• Excise tax is calculated based on the quantity or value of the product.
• Sales tax is calculated as a percentage of the purchase price.
• Excise tax is typically included in the price of the product.
• Sales tax is usually added at the point of sale.

Source: quaderno.io

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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