Import Tax
/ˈɪm.pɔrt tæks/
Definitions
- (n.) A tariff or duty imposed by a government on goods brought into its territory from abroad.
The import tax on electronics increased the cost of imported devices.
Forms
- import taxes
Related terms
See also
Commentary
Import taxes are a key tool in trade regulation and protectionism; precise definitions vary by jurisdiction and can impact international trade agreements.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.