Export Tax

Export tax is a fee imposed by a government on goods sold to other countries. When a business or individual exports products, the government may charge a percentage of the sale price as tax. This can aim to generate revenue, regulate trade, or promote local industries by making domestic goods more competitive. Export taxes can impact the prices and availability of certain products in international markets, influencing export decisions for businesses. Essentially, it’s a way for governments to manage economic interests on goods being sent abroad.