Somalia

updated:2020-08-03    

 

The authorities are seeking donor support to respond to the crisis and offset the impact of revenue losses. Effective April 15, 2020 they introduced a three-month tax holiday on some specific basic commodities (including rice), reduced consumption tax on some additional basic goods (including [flour]) by 50 percent and lifted restrictions on imports of rice from Vietnam. The authorities have also made additional transfers to federal member states and the Banadir region to help them respond to the impact of the pandemic.

 

Exemption of tariffs on all imported foodstuffs including rice, dates, wheat flour, and cooking oil ahead of the month of Ramadan. Sea ports and road transport are operational but medical screening of crew in effect.

 

Dropping charges for cash withdrawals from ATMs. Ministerial level macroeconomic management sub-committee has been set up.

 

Waived all duties and taxes on all medical supplies and equipment importedto fight COVID- 19.

 

In response to the second wave of the virus, tax relief on core basic food commodities (rice, cooking oil, flour, dates, etc.) was reinstated from March 2021.

 
 
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