The Islamic Republic of Iran Customs Administration has reduced value-added tax on the import of seven types of oilseeds and vegetable oils from 9% to 1%.
The new measure applies to soybean, colza, safflower, palm oil, unrefined soybean oil, sunflower oil and colza oil, Fars News Agency reported.
Earlier in 2022, Ali Qasemi, an advisor to the agriculture minister, announced that edible oil imports are entitled to zero percent tariffs.
Source: financialtribune.com
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