Definition

Products sold without government taxes at airports and border zones, creating the illusion of amazing deals while you're trapped in transit. The magical land where alcohol and perfume become 'affordable' because customs duties don't apply. Convinces travelers they're saving money while spending it on things they didn't need in the first place.

Example Usage

She bought three bottles of duty-free whiskey at the airport, telling herself it was an investment.

Source: Tax and customs terminology

Related Terms

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tax loss harvesting

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revenue recognition

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