Excise taxes are imposed indirectly by tax authorities on the use of particular goods or services (usually deemed to be extravagant or hazardous to the health and environment of consumers). They are regarded as an unavoidable expense of conducting business. They frequently relate to goods like cigarettes, oil, and alcohol. Countries usually try to discourage the usage of these products and generate income by applying excise taxes.

However, these levies are applied to various goods in several nations, occasionally at various phases of the supply chain. Specifically, when products and services are traded internationally, domestic excise taxes may become “trapped.” Effectively handling excise taxes and comprehending ways to lessen their effects is essential for companies involved in impacted sectors.

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