Gabon lowers VAT to 5% to boost trade

(Ecofin Agency) – Gabonese authorities recently reduced value-added tax (VAT) on some sales transactions and services to 5% to ease the tax pressure on some segments of the economy and facilitate trade.  

According to the official gazette, the VAT reduction applies to the importation of fishing boats and aircraft, the sales of second-hand products used for business operations, imports…