ad valorem tax
Definition
Charge levied as a percentage of value of the item it is imposed on, and not on the item's quantity, size, weight, or other such factor. Value added tax (VAT) and, generally, import duties are ad valorem taxes.
ad valorem tax is in the Customs Documentation & Procedures, Economics, Politics, & Society, International Trade & Relations and Purchasing & Procurement subjects.
ad valorem tax appears in the definitions of the following terms: luxury tax, excise duty, stamp tax, windfall profits tax, sales tax, property tax, output tax, unemployment tax, sin tax and personal property tax
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