Destination principle

Destination principle

The destination principle is a concept of international taxation which allows for value added taxes to be retained by the country where the taxed product is being sold.[1] They are collected on imports and rebated on exports.

This principle also is applied to the Goods and Services Tax of several countries like India.

References

  1. ^ Destination Principle Deardorffs' Glossary of International Economics Retrieved on 1 October 2010

Wikimedia Foundation. 2010.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • Disquotational principle — The disquotational principle is a philosophical theorem which holds that a rational speaker will accept p if and only if he or she believes p. The quotes indicate that the statement p is being treated as a sentence, and not as a proposition. This …   Wikipedia

  • Directive on services in the internal market — European Union directive: Directive 2006/123/EC Directive on services in the internal market Made by European Parliament Council Made under …   Wikipedia

  • ECONOMIC AFFAIRS — THE PRE MANDATE (LATE OTTOMAN) PERIOD Geography and Borders In September 1923 a new political entity was formally recognized by the international community. Palestine, or Ereẓ Israel as Jews have continued to refer to it for 2,000 years,… …   Encyclopedia of Judaism

  • General average/New version — Average in maritime commerce to signify damages orexpenses resulting from the accidents of navigation. Average is either general or particular. General average arises when sacrifices have been made, or expenditures incurred, for the preservation… …   Wikipedia

  • Schengen Agreement — The term Schengen Agreement is used for two agreements concluded among European states in 1985 and 1990 which deal with the abolition of systematic border controls among the participating countries. By the Treaty of Amsterdam, the two agreements… …   Wikipedia

  • Vehicular cycling — (also known as integrated cycling, integrated traffic cycling, cooperative cycling, and bicycle driving) is the practice of riding bicycles on roads in a manner that is visible, predictable, and in accordance with the principles for driving in… …   Wikipedia

  • Social Protection — ▪ 2006 Introduction With medical costs skyrocketing and government programs scaled back, citizens bore more responsibility for their health care costs; irregular migration, human trafficking, and migrant smuggling posed challenges for… …   Universalium

  • Network address translation — NAT redirects here. For other uses, see Nat (disambiguation). In computer networking, network address translation (NAT) is the process of modifying IP address information in IP packet headers while in transit across a traffic routing device. The… …   Wikipedia

  • Communications protocol — For other senses of this word, see Protocol. A communications protocol is a system of digital message formats and rules for exchanging those messages in or between computing systems and in telecommunications. A protocol may have a formal… …   Wikipedia

  • TCP/IP model — See also: Internet Protocol Suite The TCP/IP model (Transmission Control Protocol/Internet Protocol) is a descriptive framework for the Internet Protocol Suite of computer network protocols created in the 1970s by DARPA, an agency of the United… …   Wikipedia

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”