Tax harmonisation across the East African Community (EAC) member States is the way to go if the countries in the bloc are to attain economic union, the East African Business Council (EABC) has said.
Currently, the countries’ huge disparities in tax administration and systems have had a negative effect on achieving principal freedoms enshrined in EAC customs union and common market.
In trying to rectify these disparities, experts from the member States have resumed discussion on how harmonisation of domestic taxes will be handled. Read more. Source | Daily Monitor