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TaxNewsFlash-Africa — KPMG's reports of tax developments in Africa

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TaxNewsFlash-Africa

TaxNewsFlash-Africa

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June 2016

29 Jun - South Africa: Voluntary disclosure program for South Africans living in Australia

28 Jun - Nigeria: Withholding tax rate for construction-related payments, reverts to 5%

28 Jun - South Africa: Proposed reform of financial regulatory system tabled in Parliament

15 Jun - Nigeria: Updated foreign exchange policy

9 Jun - Kenya: Tax measures proposed in budget

9 Jun - Rwanda: Tax proposals in budget include investment incentives, tax holidays

9 Jun - Tanzania: Changes to tax exemptions included in budget proposals

9 Jun - Uganda: Tax highlights in budget

3 Jun - Nigeria: No VAT on reimbursable expenses

May 2016

31 May - Nigeria: Tax deductibility of offshore production costs

27 May - Nigeria: Expenses for petroleum operations are deductible, tribunal concludes

27 May - South Africa: Implications of proposed “sugar tax” for producers, consumers

25 May - Africa: Tax guides for African countries

19 May - Nigeria: Tax authorities focus on tax collection and enforcement activities

10 May - Mauritius: Protocol amending tax treaty with India

9 May - Namibia: Tax reference guide 2016-2017

April 2016

26 Apr - Sub-Saharan Africa: Status of evolution of banking regulations

19 Apr - Nigeria: No PAYE tax liability when workers provided by another

18 Apr - Namibia: Increased “sin taxes” in 2016-2017 budget speech

6 Apr - South Africa: Voluntary disclosure processes

March 2016

31 Mar - Nigeria: VAT applies, satellite-network bandwidth provided by non-resident Dutch company

15 Mar - Senegal: Tax treaty with Luxembourg

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