ARE THE TAX REGIMES IN AFRICA STIFLING ECONOMIC DEVELOPMENT ON THE CONTINENT?
Written by Black Hot Fire Network on June 1, 2022
Tax regimes on the African continent vary from country to country. With Nigeria having one of the highest corporate tax rate of 30% , it compares relatively better on the Value Added Tax, at 7.5% compared to Madagascar and Morroco which both have some of the highest rates on the continent at 20% while Cameroon is at 19.25% which still is a heavy toll on the citizens of these countries.
Because of the high amount of debt loans in the continent of Africa to the World Bank and the IMF and recently the debt . . .
Tagged as Africa
