Ad valorem tax and Excise

Ad valorem tax noun - A tax levied on the difference between a commodity's price before taxes and its cost of production.

Excise and ad valorem tax are semantically related. In some cases you can use "Excise" instead a noun phrase "Ad valorem tax".

Excise noun - A tax that is measured by the amount of business done (not on property or income from real estate).

Ad valorem tax and excise are semantically related. Sometimes you can replace phrase "Ad valorem tax" with "Excise", this terms are similar.

Nearby Words: excision, excised, excising, excisable