{"id":6297,"date":"2011-12-21T00:35:42","date_gmt":"2011-12-20T22:35:42","guid":{"rendered":"http:\/\/www.myza.co.za\/12\/sudan-to-hike-telecoms-taxes-in-revenue-push\/"},"modified":"2011-12-21T00:35:42","modified_gmt":"2011-12-20T22:35:42","slug":"sudan-to-hike-telecoms-taxes-in-revenue-push","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/sudan-to-hike-telecoms-taxes-in-revenue-push\/","title":{"rendered":"Sudan to hike telecoms taxes in revenue push"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">KHARTOUM<\/span> Dec 20 (Reuters) &#8211; Sudan will hike taxes on<br \/>\ntelecoms companies and seek assistance from &#8220;friendly&#8221; countries<br \/>\nnext year, officials said on Tuesday, in a push to stabilise the<br \/>\nexchange rate and make up for lost revenues from the<br \/>\noil-producing south.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>Sudan has been pursuing fresh sources of income such as gold<br \/>\nand agricultural exports since South Sudan declared independence<br \/>\nin July, taking with it about three quarters of Sudan&#8217;s oil<br \/>\noutput &#8211; a vital foreign currency earner for both governments.<\/p>\n<p><span><\/span><\/p>\n<p>Officials say they will also start a three-year austerity<br \/>\nprogramme in 2012 and draft a plan to eliminate commodity<br \/>\nsubsidies that cost the state about $2 billion per year.<\/p>\n<p><span><\/span><\/p>\n<p>The government will raise sales and services taxes for<br \/>\ntelecoms firms to 30 percent from 20 percent and a tax on<br \/>\nprofits to 30 percent from 15 percent under the 2012 budget<br \/>\nparliament approved on Monday, Mohamed Osman Ibrahim, manager of<br \/>\nSudan&#8217;s tax office, told reporters.<\/p>\n<p><span><\/span><\/p>\n<p>A social development tax will rise from three to<br \/>\nfive percent, he added.<\/p>\n<p><span><\/span><\/p>\n<p>Central Bank Governor Mohamed Kheir al-Zubeir said Sudan<br \/>\nwould also try to stabilise the foreign exchange rate.<\/p>\n<p><span><\/span><\/p>\n<p>The Sudanese pound has weakened against the U.S. dollar on<br \/>\nthe black market since South Sudan seceded, falling to as low as<br \/>\n4.3 pounds to the dollar last month. The official rate is around<br \/>\n3 pounds to the dollar.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We aim to reach a stable exchange rate for hard currencies,<br \/>\nas well as a single currency market and an end to the parallel<br \/>\nmarket,&#8221; Zubeir said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We are seeking foreign assistance from friendly countries<br \/>\nto help stabilise the exchange rate.&#8221;<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>KHARTOUM Dec 20 (Reuters) &#8211; Sudan will hike taxes on telecoms companies and seek assistance from &#8220;friendly&#8221; countries next year, officials said on Tuesday, in a push to stabilise the exchange rate and make up for lost revenues from the oil-producing south. Sudan has been pursuing fresh sources of income such as gold and agricultural [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-6297","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=6297"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6297\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=6297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=6297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=6297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}