Sudan Revamps Tax on Telecoms Operators
Published on: 17th Jun 2013
Note -- this news article is more than a year old.
By: Ian Mansfield
The Sudanese government has temporarily scrapped its 30 tax on mobile network's profits and replaced it with a 2.5 percent levy on annual revenues.
The move is being seen as helpful to the industry which has been hurt by the falling value of the local currency which has pushed up the cost of equipment imports. The value of the Sudan Pound has halved since the South of the country gained independence, and a large percentage of the country's oil exports were lost as well.
The Reuters news agency however noted that it is unclear if the 2.5% levy is in addition to, or a replacement for the 30% sales tax that also applies to telecoms services.
A Zain spokesman said the profit tax exemption would be backdated to the beginning of this year.
On the web: Reuters