VOICED: DRCongo shells out for VAT

The transcript discusses the impact of the newly introduced VAT in a country where many live on less than a dollar a day. The VAT has led to increased prices, notably for groceries like chicken, affecting consumers significantly. The government argues that the VAT should have a limited effect on prices, replacing the older ICA tax, which had higher rates for some services. Critics, however, claim that the VAT burden is passed down to consumers, raising concerns about its economic impact. The government expects VAT to boost tax revenue, which has grown significantly over the past decade.

How does the new VAT compare to the old variable sales tax called ICA?

What does the Congolese government hope to achieve with the implementation of Vieti?