HyperDic: ad_valorem_tax

English > 1 sense of the expression ad valorem tax:
NOUNpossessionad valorem tax, VAT, value-added taxa tax levied on the difference between a commodity's price before taxes and its cost of production
English > ad valorem tax: 1 sense > noun 1, possession
MeaningA tax levied on the difference between a commodity's price before taxes and its cost of production.
SynonymsVAT, value-added tax
Broaderexcise, excise taxA tax that is measured by the amount of business done (not on property or income from real estate)
SpanishIVA
CatalanIVA

©2001-24 · HyperDic hyper-dictionary · Contact

English | Spanish | Catalan
Privacy | Robots

Valid XHTML 1.0 Strict