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Stories that are tagged 'Africa'

South Africa Cuts Air Passenger Taxes

by Lorys Charalambous,, Cyprus

Monday, January 9, 2017

On January 5, Airports Company South Africa announced that it has received approval to charge reduced air passenger duties, aircraft landing fees, and aircraft parking fees, with effect from April 1, 2017. Read Full Story


Switzerland Consults On Implementation Of AEOI Agreements

by Ulrika Lomas,, Brussels

Thursday, December 29, 2016

The Swiss Federal Department of Finance has launched a consultation on the introduction of the automatic exchange of information in tax matters with a series of other countries. Read Full Story


SARS Guides On Contingent Liabilities In Acquisitions

by Lorys Charalambous,, Cyprus

Wednesday, December 28, 2016

The South African Revenue Service has issued an interpretation note that sets out the income tax implications for the seller and purchaser when the purchase price of assets in the acquisition of a going concern is settled, or partly settled, by the assumption of free-standing contingent liabilities. Read Full Story


Central African Republic Tax Revenues 'Fragile' Despite Reforms

by Lorys Charalambous,, Cyprus

Tuesday, December 27, 2016

The Central African Republic, a landlocked country in central Africa, has made significant progress on fiscal reform but its revenues, while increasing, remain "fragile," according to the International Monetary Fund. Read Full Story


Obama Implements Various Trade Tariff Changes

by Mike Godfrey,, Washington

Tuesday, December 27, 2016

President Barack Obama has signed a proclamation that tidies up various outstanding trade tariff issues, including the implementation of US tariff preferences for Nepal and the Central African Republic. Read Full Story


Mauritius Rejects 'Tax Haven' Label

by Lorys Charalambous,, Cyprus

Monday, December 26, 2016

On December 16, Mauritius's Financial Services Commission and the Financial Services Promotion Agency condemned a Oxfam policy paper labeling Mauritius a tax haven. Read Full Story


South Africa Considering Higher Taxes On Imported Poultry

by Lorys Charalambous,, Cyprus

Wednesday, December 21, 2016

South Africa's Department of Trade and Industry says it is considering tax measures in response to the poultry industry's concerns about a surge in imports of foreign poultry products. Read Full Story


South African Tax Bills Approved By Parliament

by Lorys Charalambous,, Cyprus

Monday, December 19, 2016

South Africa's Ministry of Finance has published the 2016 Taxation Laws Amendment Bill, which has received parliamentary approval and gives effect to the tax changes announced in the Budget in February this year, together with legislation confirming the final details of. the Special Voluntary Disclosure Program. Read Full Story


SARS Issues VAT Ruling On International Travel Insurance

by Lorys Charalambous,, Cyprus

Friday, December 16, 2016

The South African Revenue Service has issued a binding general ruling dealing with the zero-rating of international travel insurance under South Africa's Value-Added Tax Act. Read Full Story


South Africa May Need VAT Rate Hikes: IMF

by Lorys Charalambous,, Cyprus

Thursday, December 15, 2016

Given the prospect of continued low economic growth, and the consequent risk that the Government's fiscal consolidation targets will not be met, the International Monetary Fund has suggested that the South African value-added tax rate may have to be raised. Read Full Story




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