- The Economic Community of West African States (ECOWAS) has adopted a new VAT directive for Member States.
- The directive came into force upon its publication on 7 July 2023.
- The directive includes provisions on tax base, tax rate, taxable events, and changeability.
- Member States have three years from 1 August 2023 to implement the new directive.
Source: ensafrica.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.
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