Mogadishu(SONNA)-President of the Federal Government of Somalia, H.E. Hassan Sheikh Mohamud has on Sunday launched annual conference of the Somali Bankers Associations, focusing on investments, growth of infrastructure, and initiatives aimed at managing financial system in the country.
The President commended the traders’ efforts in country’s development and urged them to be responsible in paying taxes, keeping the regulations and strengthening the statehood, in order, to get lasting peace which could lead developed businesses and foreign investment.
“The Statehood is principles and enforcing rules, and in order, to get it, you must pay taxes, the government can not operate without taxation, we commed banks and telecommunication institutions, we emphasize traders to pay the taxes, not hide with it from the procedures set on, if hidding from it, it is theft and crime and you will be punished. It is not right to change the merchant number. know that people pay taxes, not you but you are facilitators and it will be used for social services and security and taking taxes is part of government’s duty”, President Hassan said.
