JAMB - Commerce (2024 - No. 8)
A tax paid on goods manufactured and consumed in your country is called
excise duty
goods tax
income tax
custom duty
Giải thích
Excise duty is a type of tax levied on specific goods produced or consumed within a country. It is typically imposed on goods such as alcohol, tobacco, petroleum products, and certain luxury items. Excise duty is usually included in the price of the goods and is paid by the manufacturer or producer, who then passes on the cost to the consumer.