Deprecated: Return type of AdvancedAds\Abstracts\Data::offsetGet($offset) should either be compatible with ArrayAccess::offsetGet(mixed $offset): mixed, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /home/erudites/web/erudites.ng/public_html/wp-content/plugins/advanced-ads/includes/abstracts/abstract-data.php on line 431
The Tax Levied On Locally Produced Goods Is? - Erudites Academy

A. import duty
B. excise duty
C. company tax
D. value-added tax

Correct Answer:

Option B – excise duty

Explanation

A tax percentage levied on manufactured, sale, or use of locally produced goods (such as alcoholic drinks or tobacco products).

Copyright warnings! Do not copy.

Earn Your Degree In 3 Years Without Writing UTME. Click Here To Learn More.