Business, Legal & Accounting Glossary

Definition: Excise

Quick Summary of Excise

A tax levied on certain goods and commodities produced or sold within a country and on licenses granted for certain activities.

What is the dictionary definition of Excise?

Dictionary Definition

n. a tax upon manufacture, sale or for a business license or charter, as distinguished from a tax on real property, income or estates. Sometimes it is redundantly called an excise tax.

  1. A tax charged on goods produced within the country (as opposed to customs duties, charged on goods from outside the country).
  2. To impose an excise tax on something.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Excise. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 22, 2021 https://payrollheaven.com/define/excise/.
Chicago Manual of Style (CMS):
Excise. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/excise/ (accessed: September 22, 2021).
American Psychological Association (APA):
Excise. PayrollHeaven.com. Retrieved September 22, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/excise/

Definition Sources

Definitions for Excise are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 28th April, 2020 | 1 Views.