transit tax
taxation
Also known as: transit duty
Learn about this topic in these articles:
revenue tariff
- In international trade: Tariffs
A transit duty, or transit tax, is a tax levied on commodities passing through a customs area en route to another country. Similarly, an export duty, or export tax, is a tax imposed on commodities leaving a customs area. Finally, some countries provide export subsidies; import subsidies are rarely…
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taxation
- In tariff: Transit duties
This type of duty is levied on commodities that originate in one country, cross another, and are consigned to a third. As the name implies, transit duties are levied by the country through which the goods pass. Such duties are no longer important…
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