- Madagascar has clarified the application of a 20% Value Added Tax (VAT) on bank loan interest.
- The clarification addresses concerns and confusion regarding the tax’s implementation.
- The VAT will be applied specifically to interest earned from bank loans.
- The government aims to ensure transparency and proper compliance with the new tax regulation.
Source: research.ibfd.org
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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