WORLD


African countries clamp down on VAT fraud

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Baku, October 9, AZERTAC

Southern African countries have committed to increase their cooperation to stem the tide of VAT fraud, which adversely impacts the region’s economic development. According to South African Government News Agency, the Commissioners General of the revenue authorities of Southern African countries, including South Africa, met in Pretoria to discuss matters of mutual interest. In a joint outcomes statement by the Commissioners General Forum for Southern Africa, leaders agreed that the impact of VAT fraud manifests itself across borders.

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