Finance Act – Application of Vat on Bank Interest Pending Application of the Terms and Conditions
2 Articles
2 Articles
A new episode of the Kafkaian saga of Malagasy governance has just been written before our eyes, with a dismaying lightness and a clear disregard for institutional rigor and economic stability. The Ministry of Economy and Finance, the true conductor of this cacophony, makes again talk about him, and not in good. After having slipped without consultation or explanation the taxation of bank credit interests in the Finance Act 2025, this same minis…
Antananarivo, July 2, 6:15 a.m. – A respite. Banks should not yet collect the planned value added tax (VAT) on bank credit interests. The Directorate-General for Taxes (DGI) has just invited the banks concerned to remain waiting for official clarifications on the implementation of this measure. In a publication posted on its Facebook page on the night of Tuesday to Wednesday, the tax administration points out that the modalities for implementing…
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