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Government postpones introduction of VAT

    NAIROBI

    The government in Bangui on Monday announced that it had postponed to next year the introduction of value-added tax (VAT) planned for 1 July. In a statement on state radio, reported by Reuters news agency, it said “the economic situation was not favourable for the introduction of this tax” and that it had postponed it until 1 January 2001. The VAT, which would have replaced a turnover tax on business, is one of the harmonisation measures to be taken up by countries within the Communauté Economique et Monétaire de l’Afrique Centrale (CEMAC) as they move towards a customs union, Reuters reported. CEMAC groups Chad, Cameroon, the Republic of Congo, Equatorial Guinea, Gabon and the Central African Republic.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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