- The government set a $26.5 billion limit for VAT refunds to subsidized sectors, with the energy sector receiving the largest share. The Ministry of Economy allocated $24.5 billion to energy, $1.8 billion to transportation, and $200 million to other activities. The refunds apply to tax credits from 2024 and those from 2018-2023 not yet included in previous regimes.
Source: ambito.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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