excise tax meaning

Fri, 01 May 2026 21:16:53 +0000

An excise tax is an indirect tax charged by the government on the sale of a particular good or service. Learn how an excise tax works and when you may face it. The Singapore Trade Classification Customs and Excise Duties (STCCED) 2022 replaces the STCCED 2018. The STCCED 2022 adopts the ASEAN Harmonized Tariff Nomenclature 2022 (AHTN 2022). Understand what excise tax is, who pays it, its impact on products and why it matters for your business. Excise Duty: Levied on goods manufactured in, or imported into, Singapore. Goods not subject to customs or excise duty are non-dutiable, although GST may still apply unless exempted.