Question

what is Ad - valorem tax ?

Answer 1

Hey guys


here is your answer :-


_____________________________
_________________________________

⚡Ad - valorem tax ⚡

❄Ad- valorem tax is a kind of indirect tax in which goods are by the central power , generally the Government or any other agency and not on the basis of demand and supply, in the case of as - valorem tax, the tax amount is calculated as the proportion of the price of the goods. value added tax is an ad-valorem tax.


_____________________'
I hope it helps you ✌✌