Day: August 15, 2024

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Somalia government moves forward with sales tax amid business concerns
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Somalia government moves forward with sales tax amid business concerns

The Federal Government of Somalia has announced that starting Sunday, August 18, 2024, it will begin directly deducting sales tax. The government has stated that this 5% tax will be automatically withdrawn from business accounts at the time of purchase when a customer makes a transaction, with the sales tax being charged to citizens. “The...