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What is a tax on imports or exports?
tariff
Difference between cess and duty?
Cess tax is a type of tax that is earmarked to fund a certain cause with its proceeds. Duty is any tax that is paid on imports.
Is the name for a tax on imports?
Yes, the tax on imports is called a "tariff." Tariffs are imposed by governments to regulate trade and protect domestic industries by making imported goods more expensive. They can also be used as a tool for generating revenue.
What is the contra account for vat on import?
The contra account for VAT on import is typically the "VAT Input Tax" account. When a business imports goods, it pays VAT on those imports, which can be reclaimed as input tax on its VAT return. This means the VAT paid is recorded as an asset (input tax) in the accounting records, offsetting the VAT liability when sales are made. The contra nature highlights the relationship between the VAT paid on imports and the VAT that is recoverable.
Can a state tax imports?
Yes it can, subject to treaty provisions. See the "related links" section for a news story about a dispute between Florida and Brazil over a Florida tax on imported orange juice. Also, every state that has a sales tax has a corresponding "use tax" on items that are brought into the state on which the sales tax has not been paid. The use tax applies to imports as well as items bought in the United States. US Customs shares information with the states and a few states surprise people who bring in large purchases from overseas with a large use tax bill together with penalties.
Is the Feeral government allowed to tax exports or imports?
they are allowed to tax imports
A tax on imports is referred to as a?
duty tax
Tariff?
A type of tax charged on imports
What is a tax on imports?
Tariff
What is tax on imports?
Tariff
Tax on imports called?
Tariff!
What was the tax on foreign imports?
a tarrif
What is a tax on imports or exports?
tariff
Duty tax on imports?
customs
Which of these is a tax on imports or exports?
tariff
What is tax on imports or exports?
tariff
What may congress tax?
Imports
