Levies - definition of levies by The Free Dictionary 1 an imposing or collecting, as of a tax, by authority or force 2 the amount owed or collected 3 the conscription of troops 4 the troops conscripted 5 to impose (a tax, fine, etc ): to levy a duty on imports
Levy vs. Tariff - Whats the Difference? | This vs. That Levy and tariff are both forms of taxes imposed on imported goods, but they differ in their application and purpose A levy is a tax imposed by a government on goods produced within its own borders, while a tariff is a tax imposed on goods imported from foreign countries
What is a levy? - Internal Revenue Service A levy is a legal seizure of your property to satisfy a tax debt Levies are different from liens A lien is a legal claim against property to secure payment of the tax debt, while a levy actually takes the property to satisfy the tax debt