Commodities transaction tax applies to sales of commodity derivatives and options, allocating liability to seller or purchaser.

A commodities transaction tax is charged on sales of commodity derivatives and on sales of options on commodity derivatives, with different rates and specified payers for each category. The taxable value for a commodity derivative is the traded price; for an option on a commodity derivative the taxable value is the option premium; and where an option is exercised the taxable value is the settlement price.

---

---

---