Opinions expressed by Forbes Contributors are their own. I cover changes and new developments in the federal tax law. The Superfund Excise Tax went into effect on July 1, 2022, and many companies ...

The collection till August 2016 show that 43.2 percent of the annual budget target of indirect taxes, which includes Central Excise, Service Tax and Customs, has been achieved. As per a ...

Excise taxes come in many forms, but have one thing in common: They are consumption taxes. An excise tax, unlike a sales tax, is an indirect tax. It is indirect because the manufacturer or ...

The taxman said it also discovered that some supplies were not declared for Value Added Tax (VAT) despite withholding VAT ...

Image source: Getty Images. Excess Roth IRA contributions ... The IRS charges a 6% excise tax for every year the excess contribution remains in your Roth IRA. If you overcontributed by $1,000 ...

We independently review everything we recommend. When you buy through our links, we may earn a commission. Learn more› By Arriana Vasquez Arriana Vasquez is a senior updates writer covering ...

Excise duty can be explained as a kind of indirect tax. Excise duty refers to the tax amount that gets included in the selling price. The other name of excise duty is excise tax. The consumer has ...

If all of those requirements are met, officials estimate that a 5% marijuana excise tax could generate $800,000 in revenue ...

Zach Gibson / Stringer / Getty Images ... Occupational taxes are a type of proportional tax. Taxes can also be classified as indirect or direct taxes. Indirect taxes such as some excise taxes ...

After Labour Chancellor Rachel Reeves hiked Vehicle Excise Duty and Capital Gains Tax rates, drivers are being urged to ...

Bhupesh Baghel contended that slashing of central excise duty on petrol and diesel will lead to a reduction in the state's share of taxes and also result in lower value added tax (VAT) collection.