Border Adjustment Tax
Consider the following statements with reference to the Border Adjustment Tax (BAT):
- Border adjustment tax is a value-added tax on imported goods and is also referred to as a border-adjusted tax, destination tax or border tax adjustment.
- BAT levies a tax depending on where a good is consumed rather than where it is produced.
Choose the correct answer from the codes given below:
Both 1 and 2
Neither 1 nor 2