The OECD has announced the issuance of a report on Revenue Statistics in Africa 2022, finding that tax revenues were hit hard by the COVID-19 crisis.
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COVID-19 hit African tax revenues hard, but increased foreign aid softened the blow
14/11/2022 – After a decade of solid progress in domestic revenue mobilisation, tax revenues in Africa declined between 2019 and 2020 as a result of COVID-19, according to a new report released today. Africa's average tax-to-GDP ratio declined by 0.3 pe…