ad valorem tax


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Noun1.ad valorem tax - a tax levied on the difference between a commodity's price before taxes and its cost of productionad valorem tax - a tax levied on the difference between a commodity's price before taxes and its cost of production
excise, excise tax - a tax that is measured by the amount of business done (not on property or income from real estate)
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
In particular, Limpe-Aw said DOF's plan to exempt wines from the ad valorem tax was unfair to other alcohol makers.
Currently, RA 10351 imposes on distilled spirits a P22.40 specific tax and an ad valorem tax of 20 percent.
Under the measure, the current ad valorem tax imposed on distilled spirits will increase from the current 20 percent under the National Internal Revenue Code to 22 percent, while the specific tax will increase from PHP24.33 to PHP35 per proof liter starting on Jan.
M2 EQUITYBITES-August 15, 2019-SWBC Ad Valorem Tax Advisors Acquire Industrial/Complex Property Tax Consulting to Expand Operations in Texas
But the state still pays the ad valorem tax back to the school district.
Public improvement bonds, COs and pension obligation bonds are payable from an ad valorem tax limited by state constitution to $2.50 per $100 TAV.
Distilled spirits would be levied an ad valorem tax of 22 percent of net retail price and a specific tax of P30 per proof liter next year.
Currently, Republic Act 10351 or Excise Tax Reform Law is imposing distilled spirits a P22.40 specific tax and an ad valorem tax of 20 percent.
Ad valorem tax is a tax whose amount is based on the value of a transaction.
Increases took place on 1 January 2014 (almost 1.5 times excise tax rise at ad valorem tax reduction from 25% to 12%), 1 July 2014 (25% excise tax rise) and 1 September 2014 (5% excise tax rise).
In its most ubiquitous form, the doctrine operates to create ad valorem tax liability for long-term lessees.