tax

China has removed a three-decade-old tax exemption on contraceptive drugs and devices, imposing a 13% value-added tax on items such as condoms and contraceptive pills from Jan. 1, in a fresh bid to arrest a prolonged slide in birth rates. The change subjects most contraceptives to the standard VAT applied to consumer goods in the world’s second-largest economy. It marks a policy shift after years in which such products were treated as tax-exempt public health items, and it arrives as Beijing ramps up efforts to encourage…

Nigeria's Bold Tax Reforms: President Tinubu Stands Firm Amid Controversy President Bola Tinubu has announced that Nigeria will begin enforcing sweeping new tax laws from January 1, dismissing criticism over discrepancies between the gazetted text and the version passed by lawmakers. Tinubu described the reforms as a "once-in-a-generation opportunity" to establish a fair, competitive, and resilient fiscal framework for the country. He emphasized that all recently enacted tax reforms, including provisions that took effect…

Somalia: In Baidoa, a New Income Tax Tests Public Trust in a Time of Insecurity and Joblessness BAIDOA, Somalia — A new personal income tax in Somalia’s South West State is colliding with the hard math of life in Baidoa: few formal jobs, persistent insecurity, and threadbare public services. Authorities say the measure is essential to build a functioning state. Many residents hear it as a bill for services they cannot see. The policy, announced recently in Baidoa — the interim capital of South West State — applies to…

MOGADISHU — The main market in Mogadishu’s Hamarweyne district remained closed for a third straight day Monday as traders protested what they say are excessive and unlawful tax demands imposed by Somalia’s Federal Government. Shopkeepers told local media the Ministry of Finance’s revenue department recently introduced additional fees that far exceed the legally mandated taxes they already pay each year. Several business owners said the new charges run into the hundreds of dollars — sums they say they cannot afford in the…

President William Ruto recently expressed his admiration for the more than eight million Kenyans who diligently fulfilled their tax responsibilities by June 30. These citizens not only met but exceeded the set targets by an impressive 26%. He specifically recognized Lillian Nyawanda and Risper Muthoni Simiyu for their outstanding achievements in surpassing tax collection benchmarks. During the Taxpayers’ Day Awards ceremony held at State House in Nairobi on November 2, 2024, Ruto took a moment to celebrate these top…

Nevada essentially operates as a city-state, with Las Vegas as its pulsating heart. Out of approximately 3.1 million residents scattered across this arid land, a staggering 2.9 million call the Las Vegas metro area home. The cornerstone of the local economy revolves around hospitality, encompassing food, beverages, gaming, transportation, and the lively spectacles that have put this city on the map. Moreover, the thrilling world of sports is increasingly becoming an integral part of the scene—just a stone's throw away from…

NAIROBI, Kenya (AX) — Hashi Energy, a key player in the petroleum industry, hit a wall attempting to shake off a Sh7 billion ($54 million) tax demand from Kenya Revenue Authority (KRA). This tax debacle only adds to the company’s economic woes as liquidation looms large.

Work is likely to be severely disrupted this Monday, March 22, in the tax, customs and Gabonese public treasuries. "No money, no work," the Association of Financial Authorities Collectors (Fecorefi) decided this Friday, March 19th. They demand payment of the budget performance bonus that the government refuses to pay because, he says, the performance of these agents has been below expectations. The tax…

Al-Shabaab is expanding its tax collection bases, claims Somalia's opposition MOGADISHU, Somalia - The Somali government has once again been alerted to allegations that al-Shabaab militants are now controlling large parts of the country in the midst of an ongoing stalemate before the election, which has literally brought many activities to standoff in the country. In a harsh…

Within the Central African Republic, Bangui Metropolis Corridor has launched a census operation of its merchants and their actions to enhance tax assortment and cease unlawful assortment, giving rise to taxes that don't go to the money register. from society. Municipal brokers go door to door and at first look their technique…