Somaliland: Govt Accords Tax Relief to Local Manufacturers

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Somalilandsun- Goods produced locally shall enjoy tax friendly policies as part of the government’s policies of promoting local manufacturers.
This was revealed by president Muse Bihi as he officially opened a local produce exhibition in Hargeisa, the capital of Somaliland.
“In the year 2019 local manufacturers were beneficiaries of $14.5m in tax relief from my government” said the president who was flanked by visiting dignitaries from the Somali zone five administrative region of Ethiopia, his deputy Abdirahman Sayli and various government and ruling Kulimye party officials
President Muse Bihi officially opens the somaliland local manufacturers exhibition
Stressing that the country loses lots of money of import of expensive goods from abroad that can be produced locally the head of state urged local business concerns to concentrate on local produce of most goods rather than the easy route of Import
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