01
Seamless Registration and Compliance
Register or update your business license at your local authority and opt into tax registration all in one go. Receive your new or updated 'shati', complete with your business details and tax ID, ensuring you meet all local business and tax regulations.
02
Easy Integration with Merchant Services
Take your updated shati to your merchant service providers to ensure all business information is up to date. This integration allows for seamless transactions and improves customer experience at the point of sale.
03
Automated Tax Deduction
With your new tax ID in place, merchant service providers will automatically deduct the appropriate taxes from transactions, simplifying your financial operations and ensuring tax compliance without extra effort.
Your Purchase Power's Somalia's Progress
Every transactions counts towards building a better future
Latest Publications
Somali Minister of Finance
When Reviewed: Article 23 of Law # Lr 2 of 1984 gives the Minister the Ability to Issue & Implement VAT
When he Saw: The Need to extend this Law to all Business Forms...
VAT is applied as a percentage of the selling price of goods or services. Businesses collect VAT on behalf of the government by adding it to the selling price...
Value Added Tax (VAT) is a consumption tax imposed on the value added to goods and services...