Excise Tax vs. Sales Tax: How Are They Different?

Excise taxes and sales taxes both generate government revenue, but they work in fundamentally different ways. Sales taxes apply broadly to most retail purchases at a uniform percentage rate, appearing ...
JD Supra

Another Surprise in the One Big Beautiful Bill: Excise Tax on Remittances

A proposed section in the U.S. House of Representatives version of the One Big Beautiful Bill (OBBB) would impose a 3.5 percent excise tax on a remittance of money. This proposal has wide-ranging ...
ABS-CBN on MSN

What's the difference between excise tax and VAT - and why we pay both

Marikina 2nd District Rep. Miro Quimbo, chairperson of the committee on ways and means, explained Friday the difference ...
JD Supra

Final Regulations on the Section 4501 Excise Tax on the Repurchase of Corporate Stock

On November 24, 2025, the IRS published final regulations (the “Final Regulations”) providing comprehensive guidance on the application of the excise tax on repurchases of corporate stock under ...