31/10/2023 – Africa’s average tax-to-GDP ratio was 15.6% in 2021, unchanged from the previous year and remaining below its pre-pandemic levels, according to the 2023 edition of Revenue Statistics in Africa released today.
Revenues from taxes on goods and services were the only tax category that increased on average across African countries in 2021, rising by 0.2% of GDP on average following a decline of 0.4% of GDP in 2020. VAT revenues increased by 0.1 p.p. in 2021, following a 0.3 p.p. fall in 2020.
The 22nd International Economic Forum on Africa, jointly organised by the OECD and the AUC, explored policy options for boosting sustainable investment in the continent.
To access the report, data, brochure and country notes, visit: https://oe.cd/revstatsafrica.
Source: www.oecd.org
Latest Posts in "Africa Region"
- Evaluating Africa’s Digital VAT Portals: Success Stories and Areas for Improvement
- Africa’s Digital Tax Revolution: E-Invoicing Mandates Accelerate Across the Continent
- E-Invoicing Mandates in Africa: Key Changes and Trends in Digital Tax Compliance
- Africa customs and cross-border trade guide: Navigating tariffs and preferential trade
- Africa’s Digital Tax Landscape Needs Unified Strategy for Effective Implementation and Growth
