Tag Archives | tax

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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Focus on Mauritius and individual taxation











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.

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South Africa Mauritius DTA – Key features of the new treaty











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.

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Spotlight on Angola











KPMG Angola works with some of the most prominent companies, both private and public, in every relevant economic sector, providing auditing, tax, accounting, business advisory, financial advisory and IT advisory services. KPMG Angola’s main assets are its people, in-depth experience and reputation and the firm is committed in contributing to Angola’s economic and social development, through its services, its focus on people and development of knowledge, and commitment to the communities.

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Annual long-term insurance industry update











KPMG is hosting its annual long-term insurance industry update event on Thursday 6 June 2013. The update involves, taking a look at the most topical developments currently affecting the long-term insurance industry. The course is aimed at financial directors and managers, risk and compliance officers, internal auditors and audit committee members.

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Private Public Partnerships (PPPs) – critical to harnessing private investment











The infrastructure deficit is often noted as having a massive impact on the continent’s development and growth, with infrastructure highlighted as a key area requiring investment. The 23rd World Economic Forum has a central theme of Delivering on Africa’s Promise, and has infrastructure as a dominant and recurring topic for discussion.

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Africa Brief: WEF on the ‘promise of Africa’, food production in sub-Saharan Africa and more











Diversifying Africa’s resource-dependent economies and speeding up the infrastructure development so vital to its future will be two of the main topics at this week’s World Economic Forum (WEF) on Africa. This week’s event carries the theme “Delivering on Africa’s Promise”.

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KPMG Barometer reports continuous decrease of fraud risk











According to the Fraud Risk Barometer, the occurrence of reported fraud has decreased from 503 in the first half of 2012 to 348 cases in the second half of 2012. It is the third consecutive period where a decrease in reported fraud and corruption …

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Africa Brief: Zambian bank sees cellphone potential, Mauritius growth, Egypt fuel shortages and more











Zambia National Commercial Bank (Zanaco), which is adding 800 new customers daily, sees further growth by offering cellphone transactions to the almost two-thirds of potential clients in the country who have no bank account. Lenders in Africa’s biggest copper producer have benefited from the economy expanding at an estimated 7.3 percent last year, according to Bank of Zambia data.

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The Mining Indaba

Africa Brief: Tax from oil, nationalism, ABSA banking network, RMB in West Africa and more











African states benefit financially much less from mining than from oil enterprises in their countries, International Monetary Fund (IMF) adviser Philip Daniel told the Mining Indaba in Cape Town yesterday. Speaking at a panel on Sustainability in mining, he argued that financial Sustainability was a crucial aspect of the debate, and should not be minimised in the larger debate on mining Sustainability.

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