RECIPROCAL TAX

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RECIPROCAL TAX






  • A reciprocal tax is a type of retaliatory tax that one country imposes in response to the taxes or trade barriers placed by another country. It's based on the principle of "give and take" – if one country taxes or restricts goods from another, the affected country can respond with similar taxes.


Example:

  • Suppose the USA imposes a high import tax on products exported from India. In response, India will also impose the same level of tax on products imported from the USA.
  • This is called "reciprocal tax" – meaning, "if you do it, I’ll do the same.



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