The announcement includes: 1) a temporary reduction to 25 percent from 37 percent for the fuel tax extended to April 30, 2023, from Jan. 1, 2023; 2) a 30 percent exemption of individual consumption tax for passenger cars to be extended to June 30, 2023, from Jan. 1, 2023; and 3) a temporary reduction of 15 percent on the individual consumption tax on power generation fuels to be extended to June 30, 2023, from Jan. 1, 2023. …
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