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Momodou
Denmark
11645 Posts |
 Posted - 05 Nov 2016 : 13:28:05
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Bank customers to pay 15% tax on all foreign currency transactions effective immediately
By Sidi Sanneh
http://sidisanneh.blogspot.dk/2016/11/bank-customers-to-pay-15-tax-on-all.html
Commercial banks have received a circular from the Central Bank of The Gambia informing them that, effective immediately, they must collect a 15% tax on the value of each foreign currency transaction. Amounts collected must be paid directly to the Central Bank.
Beneficiaries of diaspora remittances will see a 15% reduction in the amounts they receive which will go to financing the reelection campaign of Yaya Jammeh. This transaction tax adds to the cost of remitting money to the Gambia and to the cost of doing business in The Gambia, in general,
This decision signals the start of Jammeh's election campaign. The revenue generated will go to finance Jammeh's re-election campaign.
The use of public funds to finance his election campaign is consistent with this year's Human Rights Watch's report on The Gambia that cites this issue as one of the problems that must be addressed before the 1st December presidential elections. If the problem persists, HRW recommends that sanctions be applied by Gambian's development partners...............
http://sidisanneh.blogspot.dk/2016/11/bank-customers-to-pay-15-tax-on-all.html
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A clear conscience fears no accusation - proverb from Sierra Leone |
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toubab1020
12306 Posts |
Posted - 07 Nov 2016 : 17:09:09
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| This TAX will affect many people in Gambia who really need the help offered to them by friends and relatives living abroad. |
"Simple is good" & I strongly dislike politics. You cannot defend the indefensible.
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toubab1020
12306 Posts |
Posted - 15 Nov 2016 : 16:06:03
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What has happened regarding this tax? ANYONE enlighten me ?
quote:
Originally posted by toubab1020
This TAX will affect many people in Gambia who really need the help offered to them by friends and relatives living abroad.
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"Simple is good" & I strongly dislike politics. You cannot defend the indefensible.
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Momodou
Denmark
11645 Posts |
Posted - 15 Nov 2016 : 17:31:09
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Toubab, the Exchange rates dropped by 15% or more. I got D7,01 for 1 DKK, now its D6,11 |
A clear conscience fears no accusation - proverb from Sierra Leone |
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toubab1020
12306 Posts |
Posted - 15 Nov 2016 : 21:54:06
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Thanks.
quote:
Originally posted by Momodou
Toubab, the Exchange rates dropped by 15% or more. I got D7,01 for 1 DKK, now its D6,11
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Customers to pay 15% tax on all foreign currency
