EAC falling behind schedule on regional tax policies : The Standard - News Summed Up

EAC falling behind schedule on regional tax policies : The Standard


EAC falling behind schedule on regional tax policiesThe East African Community (EAC) is a regional economic bloc comprising Burundi, Kenya, Rwanda Tanzania and Uganda. Its aim is widening and deepening the economic co-operation between the partner states. The five partner states in the EAC have quite divergent laws on excise duty. For full harmonisation to work, partner states will be required to cede principles of tax sovereignty in relation to excise tax. Given the direction in which the various partner states have been moving, the harmonisation of excise duty will remain a mirage for the foreseeable future.


Source: Standard Digital June 18, 2019 03:56 UTC



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