Government VAT share on high-octane gasoline imports set at zero for year 1405
A customs circular sets the government’s share of value-added tax on high-octane gasoline imports at zero for the year 1405. Under the VAT law, the government receives five-ninths of the gasoline tax share, while municipalities and village administrations receive four-ninths. The latter share remains payable, so the circular does not provide a full VAT exemption.