East Africa’s tourism, logistics sectors hardest hit by Covid-19


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East Africa’s tourism, logistics sectors hardest hit by Covid-19


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Tourists at a beach in Mombasa. FILE PHOTO | NMG

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Summary

  • The business lobby has proposed that EAC governments allocate enough funds to cater for outstanding Value Added Tax (VAT) Refunds and domestic debt repayments, to give businesses the needed liquidity to boost their working capital during the Covid-19 period.
  • EABC also wants States to consider granting an extension to businesses in filing their tax returns (VAT, Pay as You Earn, Excise Duty…



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