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Excise tax collection in Republic of the Philippines is collected from goods that are harmful to people's health such as alcohol beverage, tobacco, or luxury goods (decorations, jewel, and perfumes) including goods that destroy environment or businesses that have concession such as automobile, oil, mineral, and

Digressive Tax. Tax Type # 1. Progressive Tax: Tax Type # 2. Proportional Tax: Tax Type # 3. Regressive Tax: Tax Type # 4. Digressive Tax:

Excise duty is an indirect tax which has been subsumed by the Goods and Services Tax or GST. However, there are certain items on which excise duty is still charged. For example, alcohol, tobacco, and fuel.

Excise taxes are commonly levied on cigarettes, alcoholic beverages, soda, gasoline, insurance premiums, amusement activities, and betting, and typically make up a relatively small and volatile portion of state and local and, to a lesser extent, federal tax collections.

Key Takeaways An excise tax is similar to a sales tax, but it's levied only on certain products or services. The most common excise taxes are imposed on tobacco, alcohol, and gasoline.The tax is generally payable by the manufacturer.

Excise taxes are taxes that are imposed on various goods, services and activities. Such taxes may be imposed on the manufacturer, retailer or consumer, depending on the specific tax. Form 720, Quarterly Federal Excise Tax Return, is available for optional electronic filing.

Excise taxes are taxes required on specific goods or services like fuel, tobacco, and alcohol. They are primarily taxes that must be paid by businesses, usually increasing prices for consumers indirectly. Excise taxes can be ad valorem (paid by percentage) or specific (cost charged by unit).