Definitions
- Referring to a tax or duty imposed on goods or merchandise that are imported or exported. - Talking about a fee or charge levied on a particular commodity or service. - Describing a tax or duty that is imposed on a specific group of people or a particular activity.
- Referring to a tax or fee that is imposed by the government on individuals or businesses. - Talking about a charge or assessment that is imposed on a particular commodity or service. - Describing a tax or fee that is imposed on a group of people or a particular activity.
List of Similarities
- 1Both impost and levy refer to taxes or fees imposed by the government.
- 2Both can be used to describe charges or assessments on commodities or services.
- 3Both can be used to describe taxes or fees imposed on a particular group of people or activity.
What is the difference?
- 1Usage: Impost is more commonly used in the context of taxes or duties on imported or exported goods. Levy is more versatile and can be used in various contexts, including taxes on income, property, or sales.
- 2Connotation: Impost has a more formal and legal connotation, while levy can be used in both formal and informal contexts.
- 3Scope: Impost is often used to refer to a specific tax or duty, while levy can refer to a broader range of taxes or fees.
Remember this!
Impost and levy are synonyms that refer to taxes or fees imposed by the government. However, impost is more commonly used in the context of taxes or duties on imported or exported goods, while levy is more versatile and can be used in various contexts, including taxes on income, property, or sales. Additionally, impost has a more formal and legal connotation, while levy can be used in both formal and informal contexts.
