US EditionTaxation – Rindra Rabarinirinarison States that the State Has Not Found Any Differences in Terms of the Figure Since the Interest on Bank Loans Was Exempt From Vat in 2006
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Antananarivo, 30 June, 3:15 p.m. – The state justifies its choice. Since they had to make a choice on the tax incentives that were to be abolished this year, given their commitments to the International Monetary Fund (IMF), the authorities say that they preferred to retax the interest on bank loans from a VAT rate of 20%. Moreover, there had been no difference in figures between the tax period and the exemption period in force since 2006, points…
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