Excise: meaning, definitions and examples

Similar to the first entry, this excise refers broadly to taxes on the manufacture, sale, or consumption of a range of products within a country. Typically used in the same context as the first 'excise'.

• The new budget includes higher excise on sugar-sweetened beverages.
• Excise taxes on fuel are a major source of revenue for the government.

Duty is a tax imposed on goods when they are transported across international borders. It is commonly used in the context of importing and exporting goods.

• Customs duty on imported electronics can significantly raise their price.
• She had to pay duty on the items she brought back from her trip abroad.

Levy refers to the act of imposing or collecting a tax, fee, or fine. It is a more general term that can be used for any kind of tax. It often appears in formal or official contexts.

• The city council decided to levy a new tax to fund public transportation projects.
• A levy was placed on all property sales to support the education budget.

Tariff is a tax or duty to be paid on a particular class of imports or exports. It is most commonly used in the context of international trade.

• The government imposed a tariff on imported steel to protect domestic manufacturers.
• Higher tariffs on foreign-made cars have affected the automotive market.

Typically used in governmental and legal contexts to refer to a tax levied on certain goods produced or sold within a country. Often applies to specific items like alcohol, tobacco, or gasoline.

• The government has decided to increase the excise on tobacco to discourage smoking
• The excise on gasoline contributes significantly to public revenue

A general term used in everyday language as well as in formal contexts to refer to compulsory financial charges imposed by the government on individuals or businesses. It applies to a wide range of financial obligations.

• The government decided to tax sugary drinks to promote healthier choices
• Everyone has to pay income tax based on their earnings

Used in formal and governmental contexts to describe the act of placing a tax or duty on goods, often those that are imported. This phrase may carry a sense of formality or imposition.

• The administration decided to impose a duty on imported electronics
• By imposing a duty on these products, they hope to protect domestic manufacturers

Suitable for formal and official use when describing the action of legally requiring people or organizations to pay a fee or tax on goods or services. Often used in financial and legal documents.

• The city council voted to levy a charge on plastic bags
• By levying a charge on these items, they aim to reduce environmental pollution