The consumer has to pay the excise duty or excise tax while making a purchase. Retailers need to calculate the excise duty from time to time and must ensure the timely payment of the same.

The U.S. Fish and Wildlife Service (USFWS) announced on Jan. 15 that more than $1.3 billion will soon be heading to states, ...

How do you calculate the Superfund Excise Tax? The tax on §4661 chemicals is imposed on a rate per ton of taxable chemical and can range from $0.44 to $9.74 per ton. The term “ton” is defined ...

The most common example of this is sales tax. But in some cases, companies may also have to pay excise taxes. But what is excise tax and how does it work? Is your company responsible for it?