Question

The term ad valorem refers to which kind of taxes?

Answer 1

An ad valorem tax (Latin for "according to value") is a tax whose amount is based on the value of a transaction or of property. ... In some countries a stamp duty is imposed as an ad valorem tax.

Answer 2

Is a tax whose amount is based on the value of a transaction or of property. ... In some countries a stamp duty is imposed as an ad valorem tax.

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