- 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.
