# International Trade Tax Payment

**IRI:** https://folio.openlegalstandard.org/RBQqicpBRUBLJ0M6c2LdWUu

## Labels

**Preferred Label:** Other taxes on international trade and transactions

**Alternative Labels:**

- Currency Exchange Tax
- Currency Trade Levy
- Foreign Exchange Tax Payment
- International Transaction Tax
- Trade Levy Payment

## Definition

International Trade Tax Payment covers revenue received by the government from the purchase and sale of foreign exchange at different rates, when the government exercises monopoly powers to extract a margin between the purchase and sales price, other than to cover administrative costs. This revenue constitutes a compulsory levy exacted from both purchasers and sellers of foreign exchange and is equivalent to import and export duties in a single exchange rate system. It also includes profits of export or import monopolies and other taxes specifically levied on international trade or transactions.

## Sub Class Of

- https://folio.openlegalstandard.org/R9L4OY7QCBEVJpav2Da6Gef

**Deprecated:** False