Tag Archives | tax
Succession planning is a vital consideration for business families to effectively transfer their business from […]
There have been significant developments in the international tax and transfer pricing space since the […]
On 10 February 2017, The South African Revenue Services (“SARS”) issued Binding General Ruling (“BGR”) […]
The passage of Nigeria’s Immigration Act 2015 by the Federal Government and subsequent policy changes […]
Tax Alert – TAT ruling on the case between StarDeep Water Petroleum Limited and Lagos State Internal Revenue Service
The Tax Appeal Tribunal (“the Tribunal”), sitting in Lagos, recently ruled in favour of StarDeep […]
The Transfer Pricing Comparable Data Constraint Problem in Nigeria – Implications and Recommendations
Since Nigeria Transfer Pricing Regulations (the Regulations) came into force in September 2012, with 2, […]
Nigeria’s tax authority—the Federal Inland Revenue Service—has incorporated into its tax audit procedures certain of […]
On 5 October 2015, the Organization for Economic Cooperation and Development (OECD) released the final […]
Global Chairman, John Veihmeyer, speaks to CNN’s Marketplace Africa about the firm’s expanding presence in […]
We were having a meeting with a client the other day, on a peculiar tax situation they were likely to face on a proposed contract. We had expressed our view on the issue, but further suggested that the matter be referred to the Federal Inland Revenue Service (FIRS) for their opinion. But there was a problem. The problem, as pointed out by the client, was how much reliance they could place on the opinion from the FIRS.
Uganda is one of the most politically stable countries on the African continent, with a liberalised economy and good market access. Join us in conversation with key guests from senior leadership positions in Africa to discuss Uganda’s present and anticipated future projects, as well as the cost of doing business in Uganda, government reform, the financial sector and tax incentives.
Investors establishing enterprises in an African nation or nations will soon find that the tax mix throughout Africa varies greatly from country to country, with some countries relying almost solely on one type of tax, while others have a more balanced approach to taxation.
We summarise the most significant tax changes brought about by the Finance (Miscellaneous Provisions) Act 2013 which came into force in Mauritius on 21 December 2013.
Africa Brief: AU move leaves ICC relations in tatters, CEOs in Africa expect operations on continent to grow and more…
Algeria wants to revive long-neglected industries as a result of the disappointing economic performance due to its reliance on oil and gas. Prime Minister, Abdelmalek Sellal, told business leaders and trade unionists that “reindustrialisation must be the engine of strong and healthy economic growth”.
Africa Brief: Egypt buys less local wheat than last year, Mugabe expected to stay on, mobile data and more
Egypt has bought 3.675 million tons of wheat from local farmers so far this season and will continue to buy from them until 30 July 2013; the state news agency yesterday quoted the country’s main state wheat buyer as saying. “The total amount of local wheat supplied till now is 3.675 tons, 41000 tons less than the same period last year,” state news agency Mena quoted Mamdouh Abdel Fattah, the vice-chairperson of the General Authority for Supply Commodities, as saying.
Africa Brief: Kenya slashes coffee output on poor prices, Nigeria startup coins it on vast jobless number, and more
Kenya has lowered its coffee production and export earnings projections for the 2012-13 (October-September) coffee year due to poor global prices and reduced crop acreage, the industry regulator said, The Coffee Board of Kenya said it expected production of 44000 tons of coffee, down from the previous year’s 49 003 tons. Export earnings for the season could dip to 17 billion shillings (R1.9bn) from 19 billion shillings made previously.
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.