ad valorem duty
[/æd vəˈlɔːrəm ˈdjuːti/]
nounpl: ad valorem duties
imposto ad valorem
1. A tax or tariff imposed on goods calculated as a percentage of the declared value of the goods, rather than based on quantity, weight, or volume
The ad valorem duty on imported luxury cars is 25% of their declared market value.
O imposto ad valorem sobre carros de luxo importados é de 25% do seu valor de mercado declarado.
2. In international trade, a duty that varies proportionally with the assessed value of merchandise being imported or exported
Most countries prefer ad valorem duties because they automatically adjust to price fluctuations.
A maioria dos países prefere impostos ad valorem porque se ajustam automaticamente às flutuações de preços.
Ad valorem duties are fundamental to modern international trade systems. In Brazil, these duties are crucial for customs regulation and are extensively used by RECEITA FEDERAL (Brazilian Federal Revenue Service). The term is technical and widely understood in business, legal, and governmental circles in both Brazil and the USA. Ad valorem duties are often preferred over specific duties because they adjust automatically to inflation and price changes in global markets.
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