Only 200 of the 380 companies identified in Sao Tome and Principe can start collecting VAT this Thursday, the director of taxes told media, which admits revenues below the 4.8 million euros expected for this year.“We have identified 380 companies for VAT payers. Among them approximately 200 are in good condition to start collecting VAT. Of the 180 there is a group of approximately 50% that has something that needs to be fine-tuned, and to the others we will have to give a deadline for them to fully comply so that they have all the conditions created for the effect of VAT”, explained Mário Sousa
Source: medafricatimes.com
