Tag: value added tax
In an effort to bolster the country's revenue, the Democratic Republic of Congo is suspending the value-added tax exemption on imports by mining companies. Congo, Africa’s top copper producer, had exempted mining companies from paying VAT on imports since 2016 to help them during a commodity price downturn. Yves Kabongo, Vice Chairman at Makutano Foundation joins CNBC Africa for more.
Nigerians will start paying a new 7.5 per cent Value Added Tax (VAT) on products as part of over 90 changes to 7 tax laws as the newly signed Finance Bill becomes law. Meanwhile, as Nigeria’s Economic Recovery Growth Plan winds down this year, local papers say a new plan is underway. Nonso Obikili, Director of Turgot Centre for Economics and Policy Research joins CNBC Africa from Abuja for more.
Nigeria's government has proposed to raise the country's value-added tax (VAT) to 7.2 from 5 per cent next year. To discuss the wider implications of this move, Group Managing Director and CEO of Zedcrest Capital, Dayo Amzat joins CNBC Africa for more.
Data from the National Bureau of Statistics shows that the Nigerian manufacturing sector contributed about 864 billion naira of the 3.63 trillion naira generated as Value Added Tax between, 2013 to 2018; meanwhile, what can Buhari’s new administration do to boost the sector? Ugochukwu Irechukwu, Divisional Head, Institutional Banking at Diamond Bank joins CNBC Africa to discuss this.
No mention of VAT-free chicken.
Beaufort Properties’ Ernest Hanson sees opportunities in Ghana’s property market
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