What is ad valorem?

Search

Import / Customs

What is ad valorem tax?

Ad valorem is a Latin term which means “according to value.” Ad valorem tax or fee is calculated with a fixed percentage of the value of the imported commodity.  A close example of ad valorem tax would be sales tax or value-added tax (VAT). 

  

  

  

Need more support? If you did not find what you were looking for, contact us for further help!

CONTACT US