What Is an Excise Tax? Definition, Types & Examples
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The Excise Tax Bill and the Goods and Services Tax (Amendment) Bill passed by Parliament will change the way vehicles are taxed in the country. At a press conference today, Member of the National Assembly Tashi Tenzin explained that although the tax structure is being revised, many vehicle categories will actually see a reduction in overall tax rates. The revised taxes will take effect from January next year. At present, all vehicles are subject to sales tax and green tax. Customs duty applies o
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