Category: Africa
Nigeria: FIRS Launches Reporting Portal for Financial Institutions
New Automatic Exchange of Information-Common Reporting Standard (AEOI-CRS) system set for Nigeria. ... - Continue reading
Nigeria: Digital Taxes, Significant Economic Presence And Tax Implications In Nigeria
Living in a digitalised economy, it is no surprise that digital tax remains as one of the most debated topics in the business world. Here's more to it on what concerns Nigeria. ... - Continue reading
How to avoid paying double tax on your offshore investments
Clarifications on the double tax treaty between South Africa and the United Kingdom. ... - Continue reading
Why now is the best time for South Africans to apply for Portugal’s Golden visa
Guidance for South Africans to gain residency in Portugal. ... - Continue reading
Nigeria clarifies new tax on nonresident digital businesses
Now existing in a digital-led world, economies of the world have been seriously contemplating on better methods to tackle digital tax. Nigeria is no exception to the rule. ... - Continue reading
African Countries Making Headway In Tackling Tax Evasion
According to Tax Transparency in Africa 2020 report, Africa needs to better combat illicit financial flows and be more lucid in tax matters. ... - Continue reading
Govt Terminates Tax Treaty With Mauritius
Double Tax Treaty with Mauritius terminated. ... - Continue reading
Angola, UAE ratify tax agreement to remove trade barriers
LUANDA, June 16 (Xinhua) — Angola and the United Arab Emirates (UAE) have ratified a Convention to Avoid Double Taxation and Tax Evasion, director of the press office of the Angolan General Tax Administration said on Tuesday. Braulio Assis said the tax agreement aims to ensure a greater flow of… – Continue reading
Nigeria: Nigerian Government Issues Amendments To Order On Voluntary Offshore Assets Regularisation Scheme (VOARS)
Nigeria issues an amendment order for the Voluntary Offshore Assets Regularisation Scheme (VOARS). ... - Continue reading
Spotlight on Mauritius tax treaty in Tiger Global ruling
Tiger Global in a difficult court case as it finds itself deprived of tax relief by the Authority of Advance Ruling (AAR). ... - Continue reading
Nigeria: FIRS Extends Deadline For Filing Information Returns Under The AEOI-CRS
The Tax Authority o Nigeria has extended the deadline for CRS and AEOI 2019 reporting. ... - Continue reading
HMRC wins tax treaty case against S. African diver
And a win for the UK tax authority - the HMRC. ... - Continue reading
Senegal tears up its double tax treaty with Mauritius
Senegal cancels double taxation agreement with Mauritius. ... - Continue reading
Expert urges Kenya to reconsider imposing tax on digital platforms
Bitange Ndemo, a former principal secretary in the ministry of ICT warns against the taxation of non-domiciled digital companies and advises the government to review its decision. ... - Continue reading
Turkey: The treaty on avoiding double taxation of income taxes and tax evasion and its additional protocol between Republic of Turkey and Republic of Cote D’ivoire has been approved by the President of Turkey
Double tax treaty between Turkey and Ivory Coast has been approved by the presidential decree numbered 2470. ... - Continue reading
Explainer: South Africa’s ‘expat tax’ – your questions answered
Clarifications on tax-related issues for South Africans living and working abroad. ... - Continue reading
Nigeria: Tax Appeal Tribunal Holds That Tax Exemptions Will Not Be Granted Unless All Conditions Precedent For Its Grant Are Fulfilled
Light on the court case dated 23rd December 2019. ... - Continue reading
Seychelles to reform tax rates after OECD report
Seychelles set to implement new tax laws in order to improve its tax system after recommendations from the OECD. ... - Continue reading
Nigeria’s Tax Appeal Tribunal decides Prime Plastichem transfer pricing case
A first transfer pricing case in Nigeria offers a glimpse of the treatment of the latter. ... - Continue reading
India: DENIAL OF TAX TREATY BENEFITS- ARE GRANDFATHERED INVESTMENTS FAIR GAME?
A recent ruling by the Authority for Advance Rulings (AAR) in the case of Bidvest has stirred the proverbial hornets' nest when it comes to the issue of treaty protection, and has reignited the debate of substance over form when it comes to availing the benefits of a tax treaty. ... - Continue reading
Worldwide: Cayman Islands Added To EU Blacklist
On February 18, 2020, EU finance ministers updated the EU Blacklist, adding four jurisdictions—the Cayman Islands, Palau, Panama and Seychelles. ... - Continue reading
India’s Authority for Advance Rulings denies tax exemption under India-Mauritius treaty
Clarifications on the India-Mauritius tax treaty. ... - Continue reading
Egypt court sentences fugitive contractor to 3 years over tax evasion
An Egyptian court for tax evasion sentenced on Saturday a fugitive Egyptian contractor to three years in jail over tax evasion charges, Egypt’s state-run MENA news agency reported. Mohamed Ali, a businessman and an actor, said in online videos last year that he fled to Spain after working with the… – Continue reading
Nigeria: How Nigeria’s Common Reporting Standard Regulations Will Affect Banks, Insurance Companies, Asset Managers, And Other Financial Institutions
Details about the Common Reporting Standard in Nigeria ... - Continue reading
Singapore, Tunisia tax treaty enters into force
Singapore and Tunisia join forces in favour of tax reform. ... - Continue reading
Nigeria: 15 Insights On Transfer Pricing In Nigeria
Clarifications on the role of transfer pricing in Nigeria ... - Continue reading
How major tech companies exploit tax laws: A focus on Ghana and Nigeria
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
Nigeria: FIRS Issues Information Circular On The Claim Of Tax Treaty Benefits In Nigeria
The FIRS has issued a public notice on the claim of treaty benefits in Nigeria. ... - Continue reading
Kenya signs landmark agreement to strengthen its tax treaties
The ongoing national efforts to strengthen the country’s bilateral tax treaties have received a boost with the signing of a multilateral convention to end tax avoidance in France. ... - Continue reading
African authorities strive to reduce tax leakages
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
BEPS MLI to enter to force for Mauritius
Mauritius on October 18 deposited its instrument of ratification or acceptance of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting ... - Continue reading
Nigeria: Unprecedented Global Drive For Tax Transparency – The Nigerian Perspective
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
