- Somalian Ministry of Finance imposed split payments Sales Tax from 18th August 2024
- Modernization effort by the ministry to streamline tax collection and enhance revenue generation
- Businesses responsible for collecting tax from consumers at the point of sale and remitting it to the government
- Challenges in collection and administration of sales tax due to informal economy and limited capacity of tax authorities
Source: vatcalc.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
