Define: Ad Valorem

UK Accounting Glossary

Definition: Ad Valorem


Quick Summary of Ad Valorem


In proportion to the estimated value of the goods or transaction concerned.



What is the dictionary definition of Ad Valorem?

Dictionary Definition


Latin: According To Value

Denotes a tax, duty or commission calculated as a percentage of the total invoice value of goods or services. VAT (Value Added Tax) is an Ad Valorem tax.


Advertisement



Examples of Ad Valorem in a sentence


Ad valorem duties are often levied on the basis of a product’s value.
An ad valorem tax is a tax based on the value of real estate or personal property.



Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/ad-valorem/
Modern Language Association (MLA):
Ad Valorem. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. February 24, 2020 https://payrollheaven.com/define/ad-valorem/.
Chicago Manual of Style (CMS):
Ad Valorem. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/ad-valorem/ (accessed: February 24, 2020).
American Psychological Association (APA):
Ad Valorem. PayrollHeaven.com. Retrieved February 24, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/ad-valorem/

Definition Sources


Definitions for Ad Valorem are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 8th April 2019.