africa News

OECD Releases E-Commerce VAT Toolkit For Asia-Pac States
by Ulrika Lomas, Tax-News.com, Brussels
Monday, March 21, 2022
On March 10, the OECD released a new VAT Digital Toolkit for Asia-Pacific (APAC) nations. The toolkit is intended to support local tax authorities to better collect value-added tax on e-commerce activities. Read Full Story

Belt And Road Forum Agrees Digital Tax Admin Agenda
by Mary Swire, Tax-News.com, Hong Kong
Monday, October 4, 2021
China has set out the priorities of the Belt and Road Initiative Tax Administration Cooperation Mechanism (BRITACOM) Council over the next five years, at the 36-country grouping's second forum. Read Full Story

Asia-Pac's Tax Take Dropped, Even Before COVID-19: Report
by Mary Swire, Tax-News.com, Hong Kong
Friday, August 6, 2021
Tax revenues fell in 2019 in two-thirds of economies across Asia and the Pacific as a result of an economic slowdown prior to the COVID-19 pandemic, according to a new OECD report. Read Full Story

Mauritius Announces New Tax Reliefs In 2021-22 Budget
by Lorys Charalambous, Tax-News.com, Cyprus
Friday, August 6, 2021
Mauritius announced numerous tax relief measures for investors and for wealthy foreign individuals in its newly released Budget. Read Full Story

Countries Discuss Post-Pandemic Tax Agenda At UN Council Meeting
by Ulrika Lomas, Tax-News.com, Brussels
Wednesday, May 12, 2021
Experts speaking at the UN's Economic and Social Council's annual Special Meeting on International Cooperation in Tax Matters concluded that the international community must do more to tackle tax base erosion and profit shifting and offshore tax evasion. Read Full Story

Burkina Faso Ratifies The BEPS MLI
by Ulrika Lomas, Tax-News.com, Brussels
Tuesday, November 10, 2020
African state Burkina Faso has ratified the BEPS multilateral instrument, to make changes to its double tax agreements to counter tax base erosion and profit shifting (BEPS). Read Full Story

OECD Indicates New Focus On Virtual Currency Tax Issues
by Ulrika Lomas, Tax-News.com, Brussels
Tuesday, October 20, 2020
The OECD has released a new report on countries' tax rules for virtual currencies, alongside an announcement that the Common Reporting Standard will be expanded next year to newly cover virtual currency assets. Read Full Story

South Africa Details New COVID-19 Tax Measures
by Robert Lee, Tax-News.com, London
Friday, May 1, 2020
On April 23, 2020, the National Treasury of South Africa provided further details of the additional COVID-19 tax support measures first announced by President Cyril Ramaphosa on April 21. Read Full Story

African States Urged To Consider COVID-19 Tax Responses
by Lorys Charalambous, Tax-News.com, Cyprus
Wednesday, April 15, 2020
The African Tax Administration Forum (ATAF) has published a new report titled "Suggested COVID-19 Measures for Revenue Authorities." Read Full Story

Nigeria To Tackle Profit Shifting By Multinationals
by Lorys Charalambous, Tax-News.com, Cyprus
Thursday, February 20, 2020
Nigeria's Federal Inland Revenue Service is comprehensively reform its operations to tackle "illicit profit shifting" by multinational companies operating in Nigeria. Read Full Story
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