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.[1]

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

  1. ^ a b Cite error: The named reference Deardorff_d was invoked but never defined (see the help page).