Industries or sectors that may be affected by the update include:
- Financial services industry
- Energy sector
- Modification of the definition of “petroleum products”
- Exemption of gas supplied within the power sector
- Exclusion of previously exempt items—natural gas, imported liquefied petroleum gases, and other gaseous hydrocarbons
- Exempt renewable energy equipment
- Consumer and industrial markets, infrastructure and agriculture sectors
- Consumer and industrial manufacturing sector
- Agriculture sector
- Transportation sector
Source: KPMG
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