Search results
Results from the WOW.Com Content Network
This is a list of countries by tariff rate. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. Import duty refers to taxes levied on imported goods, capital and services. The level of customs duties is a direct indicator of the openness of an economy to world trade.
The Cayman Islands' tax-free status has attracted numerous banks and other companies to its shores. More than 92,000 companies were registered in the Cayman Islands as of 2014, [13] including almost 600 banks and trust companies, with banking assets exceeding $500 billion.
Cook Islands: 159.5 2022 Micronesia: 159.1 2022 Northern Mariana Islands: 154.6 2022 Western Sahara: 153.6 2022 Tuvalu: 153.4 2022 Sint Maarten: 151.3 2022 Falkland Islands: 112.8 2022 Nauru: 82.44 2022 American Samoa: 74.41 2019 Saint Pierre and Miquelon: 70.43 2022 Wallis and Futuna: 59.98 2022
In economics, a tariff-rate quota (TRQ) (also called a tariff quota) is a two-tiered tariff system that combines import quotas and tariffs to regulate import products. A TRQ allows a lower tariff rate on imports of a given product within a specified quantity and requires a higher tariff rate on imports exceeding that quantity. [ 1 ]
A specific rate duty is a tariff levied on imports, defined in terms of a specific amount per unit, such as cents per kilogram. By contrast, an ad valorem duty is a charge levied on imports defined in terms of a fixed percentage of value.
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
A customs duty or due is the indirect tax levied on the import or export of goods in international trade. In economics a duty is also a kind of consumption tax. A duty levied on goods being imported is referred to as an 'import duty', and one levied on exports an 'export duty'.
If the home country imposes a 20% tariff on shoes, but no tariff on leather, shoes would sell for $180 in the home country, and the value added for the domestic shoe maker would increase by $30, from $50 to $80. The domestic shoe maker is afforded a 60% effective rate of protection per dollar of value added.