Sudan to impose VAT on petroleum products
Sudanese energy ministry is currently exploring alternative methods for imposing value added tax (VAT) on petroleum products, without causing oil price to hike.
The Sudanese undersecretary of energy, Hassan Mohammad, has recently told the Al-Hayat daily that a decision would soon be issued imposing the VAT on petroleum products, in line with the country’s new public budget.
Mohammad revealed that domestic petroleum consumption in Sudan has grown dramatically in the past three years. The Sudanese official described this rise as "extraordinary," with the benzene consumption rising 25 percent and the gasoline consumption showing growth of 33 percent. — (Albawaba-MEBG)
© 2001 Mena Report (www.menareport.com)