Unlike specific taxes, which are fixed amounts, ad valorem taxes fluctuate based on the market value of the taxed item. This ensures that the tax burden is proportionate to the value of the ...

Derived from the Latin term meaning “according to value,” an ad valorem tariff is a tax imposed on goods based on their value rather than their quantity or weight. This type of tariff is commonly used ...

President Trump has threatened 25% tariffs on imports from Canada and Mexico, as well as an additional 10% tariff on imports ...

The table which is presented below will slow at a glance the rates of ad valorem duty equivalent to the specific duty levied on some of the principal articles imported. The table has been very ...

The new tax adopted the exact ad valorem rate (50%) as specified in the ECOWAS directive. However, the specific tax was not pegged to the dollar or inflation. As of May 2024, US$0.02 was ...