The government's share of the VAT on imported premium gasoline was set to zero in fiscal year 1405.

The government's share of the VAT on imported premium gasoline was set to zero in fiscal year 1405.

According to the customs circular:

🔹In fiscal year 1405, the government's share of the VAT on imported premium gasoline (high octane fuel) is zero.

🔹According to the VAT law, nine fifths of gasoline tax revenues are allocated to the government, while four ninths go to municipalities and village councils.

🔹With the designation of a zero rate for the government portion, importers of premium gasoline are exempt from paying this portion of the tax; However, the four ninths intended for municipalities and village councils remain unpaid.

🔹This circular does not imply a full exemption from VAT for imported premium gasoline; it only applies to the government's share.

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