NEWS Puntland: $7.4 Million Project to rehabilitate 4 Roads, money raised from new Sales Tax

[FBIsomalia]

I feel you @DR OSMAN .

 

[warside]

this money is coming from sales tax introduced last month (5% target but in the first month the government collected 0.2% and will increase gradually), in July the government collected 450,000$ from sales tax (0.2%).

 

[FBIsomalia]

this money is coming from sales tax introduced last month (5% target but in the first month the government collected 0.2% and will increase gradually), in July the government collected 450,000$ from sales tax (0.2%).

Can you explain more?

 

[FBIsomalia]

 

[FBIsomalia]

To whom doesnt know those locations.

Garowe to Bossaso - Nugaal to Bari

Garowe to Qardo - Nugaal to Karkar

Garowe to Birta daheer - inside Nugaal

Garowe to falayraale - Nugaal to Sool.

 

[warside]

basically the government introduced 5% sales tax, which is the same as the sales tax introduced in 1984.
after some consultation with business owners they agreed to start small and increase gradually so instead of 5% they started with 0.2% sales tax, and July is the first month the government collected this money, the amount was 450,000$, and the government decided to invest the money into roads and other Infrastructures.
president Deni mentioned this in this speech around 11:30.