
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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News in: Oil & Gas (Mexico)

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The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
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