The tax levied on locally produced goods is?

By: |Published on: Oct 21|Categories: Economics JAMB| 0 comments

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).

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