Ad valorem: Difference between revisions
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1. | 1. ''Tax'' . | ||
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A tax based on the value of a transaction, normally a percentage. | A tax based on the value of a transaction, normally a percentage. | ||
Revision as of 15:33, 28 April 2022
1. Tax .
A tax based on the value of a transaction, normally a percentage.
2.
More generally, any charge or fee based on the value of a transaction.
For large transactions, ad valorem taxes, charges and fees will also normally be very large, even if the percentage rates quoted sound modest.
