taxes

Fiscal Reform: A Step into a Brighter Future Presenting the budget for 2025 before Parliament is never an easy task. It’s a moment of reckoning, where every number carries the weight of the expectations, ambitions, and hopes of an entire nation. This time around, the spotlight was squarely on the decision to abolish six controversial taxes, aligning with the National Democratic Congress (NDC)’s 2024 manifesto promise. Do promises made pre-election hold the magic they seem to carry, or do they falter under the inevitable…

Taxes, the lifeblood of nations, are the engines driving public services like healthcare, education, and roads, fostering economic growth everywhere. In the vibrant yet resource-strapped landscape of sub-Saharan Africa, adequate public services hinge on tax collection, but obstacles loom large. Kenya's recent tax uproar highlights the friction brewing as folks demand justice in tax policies that evenly spread the fiscal load. Tax collection is a bit of a pickle with small-time businesses and farming galore. Capturing this…

Mogadishu (AX) — Somali President Hassan Sheikh Mohamud has issued a stern warning to enterprising traders trying to dodge the newly imposed sales tax by fiddling with their merchant numbers. During his speech in Mogadishu on Thursday, President Mohamud put his foot down, stressing the gravity of such antics. "Dodging taxes is tantamount to fraud," President Mohamud declared emphatically. "Skirting taxes equates to theft and crime, and there will be consequences. It's unacceptable to alter merchant numbers to sidestep…

Continuation of our series devoted to the Guinean economy during the October 18 presidential election. In Guinea, the "eTax" platform has just been launched to dematerialize the payment of taxes and facilitate taxpayer procedures. Main objectives: combating corruption, but also expanding and securing the tax base. Conakry is thus following in the footsteps of many countries on the continent, which have…