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Zanzibar President Removes VAT on Sugar Imports to Combat Ramadan Price Hikes

  • President Mwinyi of Zanzibar removes VAT on sugar imports during Ramadan to control price hikes on essential goods
  • Government aims to ease financial burden on citizens during Ramadan and ensure economic stability
  • President expresses frustration over unjustifiable price hikes on various goods in local markets
  • Emphasis on improving market infrastructure and cleanliness to enhance business environment
  • Warning issued to traders against exploiting VAT removal to sell sugar at high prices
  • Government’s commitment to protecting consumers, maintaining price stability, and improving market conditions for sellers and buyers

Source: bnnbreaking.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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