Ad valorem tax

An ad valorem tax (Latin for "according to value") is a tax whose amount is based on the value of a transaction or of a property. It is typically imposed at the time of a transaction, as in the case of a sales tax or value-added tax (VAT). An ad valorem tax may also be imposed annually, as in the case of a real or personal property tax, or in connection with another significant event (e.g. inheritance tax, expatriation tax, or tariff).[1] In some countries, a stamp duty is imposed as an ad valorem tax.

  1. ^ "America's Berlin Wall". The Economist. 12 June 2008. Archived from the original on 3 October 2008. Retrieved 2008-09-16.

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