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Mexico to keep full VAT on gasoline for another week

Bnamericas Published: Saturday, January 12, 2019
Mexico to keep full VAT on gasoline for another week

The Mexican government maintained the full VAT rate on gasoline as the treasury said the IEPS tax rebate would stay at 0% for the coming week.

The tax rebate was frequently used by the previous Peña Nieto administration to lower final gasoline prices by not charging full VAT.

The mechanism was created to buffer fluctuations in gasoline prices and is defined every Friday by the treasury.

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