Glossary
Excise tax
It is a special tax on specific goods such as tobacco and sweetened drinks, on top of the general tax.
What it means for a shop owner
Each country decides which goods and what rates. Usually the maker or importer pays it and it is inside your price. Ask your accountant about the items you sell.
A worked example
A drink costs 3 and 0.5 of it is excise tax already paid up the chain.
Related
Try it in your shop, free, no card.
The free plan: the whole shop for one branch, an offline cashier with stock, debts and accounting, with a daily limit on invoices, expenses and purchase orders. What it includes