During its Council of Ministers on October 5, the Congolese government painted a grim picture of the national economic situation, while remaining optimistic for the coming months. “On the supply side, this recession can be explained by the underperformance of all industries. The non-oil sector would continue to slow down in connection with the more...
During a Council of Ministers on October 5, the government intends to continue modernizing the tax administration, in particular through the generalization of the banking system for tax collection; broadening the tax base; rationalization of tax expenditure; the modernization of the procedures relating to the revenues of the domain; improving service and portfolio revenues and...
The second report presented focuses on analyzes of fiscal and budgetary revenues, education and health, more specifically, the problem of equity and efficiency of health services and also of public financing.
The different parties had already agreed, concerning the first point, on the payment of this bonus on the basis of the hierarchy of personnel. Starting with the most fragile categories, in particular non-integrated staff as well as agents with low cash flow capacities for the first phase. The second would then bring together the rest...
In addition, the BEAC specifies, the commission rate to be charged by the Central Bank during transfers outside CEMAC on behalf of national treasuries and accountants, as well as all who participate in the systems and means of payment holding accounts is set at 0, 25% excluding tax of the amount.
Commerzbank, which finances more than 30% of Germany’s foreign trade, is the second largest listed German banking group by capitalization behind Deutsche Bank.
As for the external debt, its settlement amounted to 635 billion CFA francs, an increase of 138.5%, and concerned international financial markets, multilateral, commercial and bilateral debt. The Sector Conjuncture Note explains that this regulation "includes the payment of arrears to the tune of 20.08 billion CFA francs, including 14.35 billion CFA francs from multilaterals...
“The electronic invoicing system is very important for accounting, traceability and value added tax. It will be beneficial for the tax administration as well as for the taxpayers as well as the consumers ”, explained the expert consultant to Incodev, Emmy Mbera, continuing that instead of using the paper biller, the large taxpayers, actors of...
According to figures from the Directorate-General for the Economy and Fiscal Policy collected from the Association of Professionals of Credit Institutions (Apec), the rate of coverage of loans by deposits has improved, from 148, 1% at the end of June 2019 to 159.9% at the end of June 2020. The bad debts fell by 25.4%...
