FGS New Digital Tax

[warside]

Jubaland says that this tax doesn't concern them, so will Hormuud takes this tax from Banadir alone or from other areas in the south as well?

 

[Flightboi]

Why are people against the tax? Somalia needs the tax money to fund the Somali Military so they can finally defeat Al shabaab and no longer be dependent on international aid money.

 

[geeljre49]

Jubaland says that this tax doesn't concern them, so will Hormuud takes this tax from Banadir alone or from other areas in the south as well?

HSM said this only applies to businesses with merchant accounts and not person to person sending money to each other. If its only going to apply for Banaadir, how much revenue can the FGS raise?

 

[warside]

HSM said this only applies to businesses with merchant accounts and not person to person sending money to each other. If its only going to apply for Banaadir, how much revenue can the FGS raise?

The sales tax that the government collects now is around $3m to $4m per month, and most of this are goods taxed in the port where the merchant pays the sales tax before he sells the goods and no way to evade this tax, but since the new scheme only applies to merchant accounts it will be easier to cheat the system.
My guess is they can raise additional $1m to $2m per month.

 

[𐒋𐒖𐒆𐒔𐒖𐒕𐒈]

I think most of the tax laws are from 1984/85 or 1966. The only time - that I remember- were they introduced a new tax law was 2023 (turnover tax). SL was using the same laws until they repealed most of those in 2016.

With the likes of Ali Ise, Bayle, Hodan I, F. Abraar, Gaas to name a few, working for the FGS, some in charge of the MoF with others at Consulting capacity, all with extensive, sound background in economics, finance, and accountancy of more than a century amongst them, they have not formulated a comprehensive taxing system for the FGS. What a bloody waste.

 

[TekNiKo]

Suuqa Bakaaraha closed today as businesses refuse to pay tx

 

[TekNiKo]

Culusow walle wa loo yaabay Bakaaro dhan wala xiray never mess with Somali businesmen

 

[TekNiKo]

Protests breakout in Bakaaro!!

 

[Abdullahi7]

Culusow is not wrong on this one. If they refuse to pay taxes shut down their businesses for good. Where in the world have you seen a government function without taxes.