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São Tomé and Príncipe Implements 15% VAT 2023 update

The African island state of São Tomé and Príncipe is set to implement a Value Added Tax regime. The International Monetary Fund confirmed the scheduled implementation for this year – perhaps July 2023.

São Tomé and Príncipe last attempted to introduce VAT three years ago. However, it was paused in March 2020 as COVID lockdown was introduced.

Source: www.vatcalc.com

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