Usually, it takes 4-6 weeks for the IRS to process your income tax return. Longer if filed during March and April. The IRS has 3 years from the due date to audit you.Usually, after about 2 years after filing, you may get an audit letter.onger if filed during March and April. The IRS has 3 years from the due date to audit you. Usually, after about 2 years after filing, you may get an audit letter.
the legally bound commitments on customs duty rates, which act as ceilings on the tariffs that member governments can set and are known as bound rates, with. the rates that governments actually charge on imports, which can be lower, are known as applied rates and have a direct impact on trade.
Lesson Description. Despite the advantages of free trade, many nations impose limits on trade for a variety of reasons. The main types of trade restrictions are tariffs, quotas, embargoes, licensing requirements, standards, and subsidies. Tariffs, taxes on imports, raise the price of imported goods, which increases the demand and price for the same goods produced by domestic suppliers. Revenues from tariffs are collected by the domestic government. Quotas put a legal limit on the amount that can be imported, creating shortages which cause prices to rise.