Legal Definitions - revenue tariff

A revenue tariff is a type of tariff that is imposed on imported goods with the primary purpose of generating revenue for the government. It is different from a protective tariff, which is designed to protect domestic industries by making imported goods more expensive.

For example, if a country imposes a revenue tariff of 10% on imported cars, the government will collect 10% of the value of each imported car as revenue. This revenue can then be used to fund government programs and services.

Another example of a revenue tariff is a tax on imported alcohol. The government may impose a tax on imported beer, wine, and spirits to generate revenue for the country.

Overall, revenue tariffs are a way for governments to generate income from imported goods without necessarily trying to protect domestic industries.