Gambia: 'No Justification for Increase of Prices Because of Vat'

11 January 2013

The Acting-Commissioner General of the Gambia Revenue Authority has made it categorically clear that the escalation of prices of goods and foodstuffs that has gripped the nation in the wake of the Value Added Tax (VAT) cannot and should not be linked to the introduction of VAT on January 1 this year.

Ag-Commissioner General Yankuba Darboe, who made these remarks at a press conference held at the GRA Board Room yesterday, said VAT has not been introduced to increase prices of commodities; rather "it is just a question of replacing sales tax" that was in existence prior to VAT.

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