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Somalia's Finance Minister Bihi Egeh. [Courtesy]
Somalia has moved a step closer to establishing a National Revenue Authority (NRA) after the Council of Ministers approved legislation that will create the country's central tax administration agency.
The proposed law, which now awaits parliamentary approval, seeks to streamline tax administration, improve revenue collection and strengthen coordination between the Federal Government, Federal Member States and local governments.
According to the government, the authority will provide the legal and institutional framework for administering taxes under Somalia's recently adopted Constitution, which outlines revenue-raising responsibilities across different levels of government.
