VCCCUL urges government to reduce VAT on loans

BY SIMON NDIVE KALLA Members of the Victoria Customs Cooperative Credit Union LTD, VCCCUL have called on the government to review the rate of value added tax, VAT on loans. They say this will go a long way to rescue credit unions that may be forced to wind up given the difficult business climate that has come as a result of the Anglophone crisis. They made the appeal Saturday February 10, 2018 at the Presbyterian Church Hall Down Beach during their 43rd Annual General Assembly. Speaking during the AGM, the president of VCCCUL Atem Emmanuel Ndeisieh said in 2017 they…