What is the difference between VAT and excise? Detailed answer

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What is the difference between VAT and excise? Detailed answer

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What is the difference between VAT and excise?

An excise is an indirect tax on the sale of a certain type of product, levied by the state. Most often, excise duty is levied on wine products, beer, tobacco products, delicacies, luxury goods, and cars. Consumers are payers of excise duty.

VAT is a value added tax that is levied at each stage of the production of a good or the provision of a service.

Author: Mendeleev V.A.

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Researchers at the Massachusetts Institute of Technology (MIT) have found that zeolites - porous mineral structures often used as commercial adsorbents - are able to absorb and recycle methane (CH4) from the air. This effect is manifested when they are processed with copper. The scientists' work is published in ACS Environment Au.

In a lab experiment, experts placed zeolite particles in a reaction tube and passed air containing varying concentrations of methane through it. Gas levels ranged from 2 ppm to 2%. And the reaction tube was heated to various temperatures.

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