Category: Africa

Business / Corporate Tax / Digital Services / Facebook / Ghana / Jurisdiction / Nigeria / Profit Shifting / Residence / Tax Haven / Tax Laws / World Trade Organisation

How major tech companies exploit tax laws: A focus on Ghana and Nigeria

Posted On: December 11, 2019

When World Trade Organisation (WTO) officials designed the territorial taxing rights back in the 1920s, not many people imagined that a century later; these guidelines would still underpin the international tax system. Today, highly digitalised companies such as Facebook and Google are able to operate internationally from their tax havens,… – Continue reading

Africa / Double Taxation / Double Taxation Agreement / Jurisdiction / Tax Laws / Total

African authorities strive to reduce tax leakages

Posted On: October 25, 2019

African tax bodies will mark the 10th anniversary of their umbrella organization, the African Tax Administration Forum (ATAF), in their efforts to reduce tax leakages. A total of 38 African countries are members of the ATAF, making the organization Africa’s largest body that collectively deals with global tax issues affecting… – Continue reading

Base Erosion & Profit Shifting / Compliant / Country-by-Country (CbyC) Reporting / FATCA / Multinational Enterprises ("MNEs") / Nigeria / OECD / Tax Avoidance / Tax Evasion / Tax Transparency

Nigeria: Unprecedented Global Drive For Tax Transparency – The Nigerian Perspective

Published by: Mondaq - October 15, 2019

In the last few years, the international tax space has experienced an unprecedented drive to achieve increased transparency in the tax practices of Multinational Enterprises (MNEs) and individuals in order to curb tax avoidance and evasion. ... - Continue reading

Double Taxation Agreement / East Africa / Framework / Tax Evasion / Tax treaties

East Africa bloc mulls regional tax treaty framework to boost integration

Posted On: October 1, 2019

NAIROBI, Oct. 1 (Xinhua) — The East Africa Community (EAC) bloc plans to develop a regional tax treaty framework to boost regional integration, an official said on Tuesday. Doris Akol, commissioner general, Uganda Revenue Authority told Xinhua in Nairobi that once the treaty is in place the trading bloc will… – Continue reading

Business / Income Tax / Tax Avoidance / Tax Evasion / Tax Planning / Tax Reform / Uganda / VAT / Withholding Tax

Uganda: Don’t Make Up Losses To Avoid Tax

Published by: Mondaq - October 1, 2019

Conflicting interests arise for many businesses where decisions have to be made to determine how they consistently achieve profitability, while on the other hand minimise payment of tax. The temptation to minimise profits or even make a loss then becomes a tax risk management strategy. ... - Continue reading

Common Reporting Standard / Exemptions / Income Tax / Multilateral Competent Authority Agreement / Multilateral Convention on Mutual Administrative Assistance in Tax Matters / Nigeria / Revenue

Nigeria: The FIRS Has Published Regulations On Common Reporting Standard

Published by: Mondaq - September 20, 2019

The Federal Inland Revenue Service (FIRS) has issued the Income Tax (Common Reporting Standard) Regulations, 2019 (CRS Regulations). This follows Nigeria's signing of the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (MAC) and the Multilateral Competent Authority Agreement (MCAA) on the Automatic Exchange of Financial Account Information, signed by Nigeria on 17 August 2017. ... - Continue reading

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