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export tax
Also known as: export duty
Learn about this topic in these articles:
function
- In tariff: Export duties
Export duties are no longer used to a great extent, except to tax certain mineral, petroleum, and agricultural products. Several resource-rich countries depend upon export duties for much of their revenue. Export duties were common in the past, however, and were significant elements…
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relationship to revenue tariff
- In international trade: Tariffs
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 used.
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