Economics · Taxation
Which of the following best describes the term 'Octroi'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A regulatory fee charged for registration of intellectual property rights within a country
- 2An export subsidy provided to local manufacturers to promote international trade
- 3A direct income tax levied exclusively on agricultural earnings by the central government
- 4A tax levied on the entry of goods into a local area or municipality for consumption, use, or sale✓
Correct answer
A tax levied on the entry of goods into a local area or municipality for consumption, use, or sale
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