Somalia Gov introduces Value Added Tax (VAT) on goods and services for the first time .

[CangeeroBear]

Wonderfully , this will begin pushing the revenue to a around 500 million , hopefully.

 

[RasCanjero-]

Good news.

Now hopefully they'll start to be more transparent on how they spend it in detail.

 

[Slickback]

What are they going to do with the tax money though? Develop Kenyan suburbs

 

[SilentE1001]

This isn't VAT. It's a sales tax like in the US where you get taxed at the till of all the products you've purchased. Whereas in the UK VAT would be included in the cost of your item not seeing an addition onto your bill

 

[Michael Blackson]

This isn't VAT. It's a sales tax like in the US where you get taxed at the till of all the products you've purchased. Whereas in the UK VAT would be included in the cost of your item not seeing an addition onto your bill

That's a technicality, the take away is Somalia is getting a consumption tax which will raise revenue for the gov.

 

[SilentE1001]

That's a technicality, the take away is Somalia is getting a consumption tax which will raise revenue for the gov.

I'm all for it, BTW just don't like it when thought is not put into articles or a plan is put in place to determine implementation

 

[sgfrmtheblock]

We are ranked the most corrupt nation on the globe. Even the mayor of our capitol is corrupt, what makes you guys think this wont end up in the pockets of a few and we wont see any improvement whatsoever.

Also if handled correctly all the money should be put towards education. A nation of 14M+ that doesn't even have its own national curriculum, how embarrassing. Most students are forced to study out of kenyan/tanzanian books. I've seen my cousin in somalia learn about the geogropahy of kenyan provinces because those are the only books available


The only thing I praise Barre on was his campaign to up the literacy rate and making sure a whole generation had good schooling. All the way from primary to uni.

 

[EDsomali]

We are ranked the most corrupt nation on the globe. Even the mayor of our capitol is corrupt, what makes you guys think this wont end up in the pockets of a few and we wont see any improvement whatsoever.

Also if handled correctly all the money should be put towards education. A nation of 14M+ that doesn't even have its own national curriculum, how embarrassing. Most students are forced to study out of kenyan/tanzanian books. I've seen my cousin in somalia learn about the geogropahy of kenyan provinces because those are the only books available


The only thing I praise Barre on was his campaign to up the literacy rate and making sure a whole generation had good schooling. All the way from primary to uni.

Hopefully this sales tax can be used to fund this like education and a universal health care system.

 

[Haji]

This is horrible. The taxes put a burden on an already impoverished nation. Taxes except for critical things like the military is always theft IMO.

Low taxes help businesses to start, and makes the citizens lives easier.

 

[Puntlandtheglorious]

Looks like Farmaajo is doing a good job

 

[CangeeroBear]

This is horrible. The taxes put a burden on an already impoverished nation. Taxes except for critical things like the military is always theft IMO.

Low taxes help businesses to start, and makes the citizens lives easier.

You must be one of those mooryan economists.