Starting January 1, excise duties on tobacco and alcohol will increase, followed in the spring by hikes in excise rates on ...

Excise duty is an indirect tax. That means the tax amount is included as part of the selling price. Excise duty, also known as excise tax, is ultimately passed on and paid by the consumer when he ...

The EU is modernising its rules on taxation of the sale or use of products such as tobacco, energy or alcohol. The Council reached a provisional agreement on measures to improve the business ...

While both types of duties generate revenue for the exchequer, the main purpose of excise duties is to achieve certain social or economic objectives and to protect domestic industries from foreign ...