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Business income Generally residents are taxable on all income regardless of source. Therefore, foreign source […]
Safe harbors are music to the ears of many tax practitioners and taxpayers in the transfer pricing world. When Nigeria’s Federal Inland Revenue Service(FIRS) published the transfer pricing regulations, taxpayers celebrated the inclusion of safe harbor provisions.
At the end of June 2013, the Zambian Government issued Statutory Instrument 55 of the Bank of Zambia (Monitoring of Balance of Payments) Regulations, 2013. The new SI 55 came into effect on the 1st of July 2013. The regulations are applicable to a number of parties including financial service providers licensed under the Banking and Financial services act, any importer of goods or services exceeding US$20 000, foreign investors and local investors who invest outside Zambia, to name a few.
In June 2013, the Uganda 2013-14 Budget was presented in Parliament. Uganda Budget Brief is a general guide summarising some of the main features of the proposed Budget, including Economic and Budget commentary, and Tax Highlights.
On 13 June 2013, the 2013-14 Budget was presented in the Ugandan Parliament. Uganda Budget Brief is a general guide summarising some of the main features of the proposed Budget, including Economic and Budget commentary, and Tax Highlights.
KPMG recently held the Africa Exchange conversation series with a focus on Mauritius and the newly negotiated Mauritius-South Africa double tax agreement (DTA) – the rationale behind the DTA being to attempt to close the loopholes that currently allow investments into South Africa to avoid taxation from SARS.
South Africa and Mauritius have concluded a new double tax agreement (“DTA”) on 17 May 2013. Depending on how quickly the final processes can be implemented, the new DTA may come into effect as soon as 1 January 2014. We summarise below some of the key features of the new treaty.