Excise and Vat

Excise noun - A tax that is measured by the amount of business done (not on property or income from real estate).

Vat and excise are semantically related. In some cases you can use "Vat" instead a noun "Excise".

Nearby Words: excision, excised, excising, excisable

Vat noun - A tax levied on the difference between a commodity's price before taxes and its cost of production.

Excise and vat are semantically related. Sometimes you can use "Excise" instead a noun "Vat".