Excise Duties
Excise duties are taxes imposed by governments on specific goods and services, typically produced or sold within a country. These duties are often applied to items like alcohol, tobacco, and fuel, and are intended to generate revenue while also discouraging excessive consumption of certain products.
The rates of excise duties can vary significantly depending on the product and the country. Governments use these taxes not only to raise funds for public services but also to promote public health and safety by regulating the use of potentially harmful goods.