Ad valorem tax - Wikipedia

Off topic, but your bio reminded me I meant to look up #ValueAddedTax and found #AdValorem tax

en.wikipedia.org/wiki/Ad_valo...

"An #AdValoremTax (Latin for "according to value") is a tax whose amount is based on the value of a #transaction or of a property."

Decision to remove smartphone tax for devices under R2 500 welcomed | The Citizen Smartphones, which have increased in price, have historically been taxed like luxury products in South Africa, with a 9% ad valorem tax

Decision to remove smartphone tax for devices under R2 500 welcomed #Smartphones #Budget #Treasury #advaloremtax

www.citizen.co.za/lifestyle/te...