Current Affairs Question - 15 June 2020

India Watch

Border Adjustment Tax


Consider the following statements with reference to the Border Adjustment Tax (BAT):

  1. 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.
  2. 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:

A
Only 1
B
Both 1 and 2
C
Only 2
D
Neither 1 nor 2
Submit