
- The Editorial team, 2 min reading
On the evening of June 26, while the country was celebrating the 65th anniversary of its independence with great fanfare, BOA clients were stunned to receive a statement that left a bitter taste. Amidst the national festivities, a chilling announcement landed in Malagasy households: bank loan interest will now be subject to a 20% VAT, retroactive to January 1, 2025.