Tag Archives | taxation
Developing a better understanding of cost optimization, while repositioning for future opportunities, has become a […]
Recently the Organization for Economic Cooperation and Development (OECD) announced that it will commence a […]
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 reality is that in today’s operating business landscape more companies – especially indigenous companies […]
By Victor Adegite – ACA, ACTI Background The Nigerian Transfer Pricing (TP) Regulations officially known […]
The new revenue standard IFRS 15 was released on 28 May 2014. The publication of this new standard is one of the most significant accounting developments of the decade. It is likely that this standard will affect the way companies account for revenue.
Africa Brief: Violence in Egypt knocks markets, Ghana’s consumer price inflation, oil thieves in Nigeria and more
Egyptian shares have slumped after police moved to disperse two anti- government sit-ins in Cairo, leaving at least 13 dead. The benchmark EGX 30 index retreated 1.1 percent to 5585.12 at 11.11am in Cairo. The death toll reported by the Health Ministry was disputed by the Muslim Brotherhood, which claims hundreds were killed by security forces…
Algeria presents one of the largest oil and gas opportunities in Africa. Algeria is extremely reliant on its hydrocarbon sector, as it accounts for almost 40% of GDP, 98% of exports and 70% of fiscal revenuesAccording to the US EIA, Algeria had an estimated 12.2 billion barrels of proven oil reserves at the end of 2012 – the third biggest in Africa. That said, Algeria’s full hydrocarbon potential still has to be reliably established.
While the world may have seen tougher economic times, it can be said that the South African economy was not previously as connected and global in impact as now. The South African economy is primarily resource-driven and there is a marked impact when the energy and natural resources (ENR) sector does not perform well.
Not so long ago, for luxury goods retailers the African market boiled down to a tiny elite, in some cases just a corrupt ruling clique. Not anymore. Although millions of Africans remain stuck in crushing poverty, disposable incomes are on the up. Luxury firms like LVMH, which makes Moet and Hennessy luxury drinks as well as Louis Vuitton handbags, are targeting the burgeoning ranks of what South African retailers call “black diamonds “, or affluent African professionals.
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.
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.
The Africa Enterprise Challenge Fund has challenged private businesses to do just that. Its Renewable Energy and Adaptation to Climate Change Technologies (REACT) funding window calls for businesses to propose and test out innovative models …