Tag Archives | tax

Calculating numbers for income tax return with glasses pen and calculator

What’s the tax bill for transferring a family business in South Africa?






Succession planning is a vital consideration for business families to effectively transfer their business from […]

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Calculating numbers for income tax return with glasses pen and calculator

Transfer Pricing Awareness Survey






There have been significant developments in the international tax and transfer pricing space since the […]

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New tax proposal may be the last

New tax proposal may be the last nail in the gambling industry’s coffin






It is barely four months after the coming into force of the 35% tax on […]

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Overhaul of the Income Tax Act is Inevitable






Globally, tax laws have been evolving over time to keep pace with the changes in […]

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Namibian considerations for Non-Executive Directors and VAT registration






On 10 February 2017, The South African Revenue Services (“SARS”) issued Binding General Ruling (“BGR”) […]

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Calculating numbers for income tax return with glasses pen and calculator

The 2017 Nigerian tax journal






We are pleased to publish the maiden edition of the Nigerian Tax Journal. The Journal […]

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Calculating numbers for income tax return with glasses pen and calculator

Are the tax obligations of deemed interest fair?






Globalisation has brought the market to the rest of the world. Kenya is one of […]

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KPMG Nigeria holds a Tax Breakfast Meeting






KPMG in Nigeria is pleased to invite you to the quarterly Tax Breakfast Meeting holding on […]

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Travel with passport and map

Managing Expatriate and Immigration Issues






The passage of Nigeria’s Immigration Act 2015 by the Federal Government and subsequent policy changes […]

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What’s new in Africa’s telecoms industry?

Communication Service Tax: A Tax Burden Nigeria Could Do Without (Part 2)






Why the CST is a bad idea At first glance, the introduction of this tax […]

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Payment revolution on the horizon

Communication Service Tax: A tax burden Nigeria could do without






We contend that for a nation to try to tax itself into prosperity is like […]

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Nigeria Transfer Pricing (TP) Audit Experience






It is no surprise that over the past year the FIRS has embarked on an […]

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Electricity in Africa

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 […]

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Stocks News, pen, calculator, banks, property headlines, shallow depth of field, closeup

2016 Transfer Pricing Outlook for Nigeria






At the end of 2015, Nigeria taxpayers have been under Transfer Pricing (TP) rules for […]

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Transfer Pricing

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, […]

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Time to Invest

Time to Invest (1): Focus on Nigeria






In 2Q2014, Nigeria emerged as Africa’s largest economy with an estimated GDP of $479 billion, […]

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Transfer Pricing

Nigeria: Implications of BEPS proposals






Nigeria’s tax authority—the Federal Inland Revenue Service—has incorporated into its tax audit procedures certain of […]

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Transfer Pricing

Transfer Pricing Documentation in a Post-BEPS World






By Victor Adegite – ACA, ACTI “It is not the strongest or the most intelligent […]

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BEPS

Base Erosion and Profit Shifting (BEPS): Explanatory Note and Implications for Nigeria






On 5 October 2015, the Organization for Economic Cooperation and Development (OECD) released the final […]

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John Veihmeyer, Global Chairman of KPMG speaks on business prospects in Africa






Global Chairman, John Veihmeyer, speaks to CNN’s Marketplace Africa about the firm’s expanding presence in […]

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Nigeria’s FIRS and the Principle of Expectation











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.

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Uganda Country Focus Seminar











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.

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Key findings from the 2014 Africa CFO Survey

The African Tax mix











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.

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Key findings from the 2014 Africa CFO Survey

What the Finance Act 2013 means for Mauritians











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.

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African Potential: 
unleashed or unfulfilled?

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”.

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The Factors involved in Setting Family Salaries in a Family Firm

Consolidating Growth and Social Justice: Zambia 2013/14 Budget Speech






  While the global economy continues on a slow recovery path, Zambia’s projected GDP remains […]

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FDI favouring consumer-facing industry

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.

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Africa Brief: Barclays Africa looks at asset disposals and more...

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.

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Africa’s top 5 education priorities

Zambian Tax Alert











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.

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Uganda Budget Brief 2013: Tax highlights











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.

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