Somalia Unveils New Tax Law in Push to Boost Revenues, Fund Services

GOOBJOOG NEWS | MOGADISHU: The federal government has introduced a new tax law aimed at modernizing revenue collection and financing essential public services, officials said at the country’s annual tax forum.

The law seeks to simplify the existing tax code, improve collection efficiency and strengthen the state’s ability to invest in education, healthcare and infrastructure.

“This new tax law is a crucial component of our efforts to build a stronger and more self-reliant Somalia,” a senior government official told participants. “By streamlining our tax processes, we can generate the resources to invest in services our people deserve.”

The forum, attended by senior officials and business leaders, served as a platform to discuss implementation challenges and opportunities. Businesses voiced support for the reform while urging policies that promote growth and investment.

The reform is seen as a milestone in Somalia’s effort to strengthen state institutions, reduce reliance on external aid and build investor confidence.

The government pledged continued consultation with the private sector as the law is rolled out, stressing transparency and collaboration would be key to success.