Excise Tax on Services

Excise tax on services is a specific type of tax imposed by the government on certain services rather than goods. This can include services like telecommunications, transportation, and entertainment. When you pay for these services, a portion of the cost goes to the government as tax. The purpose of the excise tax is to generate revenue for public services and projects. Rates can vary based on the type of service and jurisdiction. It's important for businesses providing these services to understand their tax obligations to comply with the law.