Synonyms/Hypernyms (Ordered by Estimated Frequency) of noun ad_valorem_tax

1 sense of ad valorem tax

Sense 1
VAT, value-added tax, ad 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))