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ECONOMY

ANALYSIS
20% VAT: A choking tax, Parliamentary failure or complicity?
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Photo of illustration by Visite360pro.com

- 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.


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