africa News

Nigeria To Tackle Profit Shifting By Multinationals

by Lorys Charalambous, Tax-News.com, Cyprus

Last updated 36 hours ago | 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

OECD Provides Update To G20 On BEPS Work

by Ulrika Lomas, Tax-News.com, Brussels

Last updated 36 hours ago | Thursday, February 20, 2020

In a new report for G20 ministers, the OECD has provided an update on its work to tackle tax base erosion and profit shifting relating to multinational businesses. Read Full Story

South Africa Enacts 2019 Tax Bills

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, January 27, 2020

On January 15, 2020, three tax bills were made law to give effect to measures announced in South Africa's 2019 Budget. Read Full Story

South Africa Launches Large Business Center

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, October 28, 2019

On October 23, 2019, the Commissioner of the South African Revenue Service launched the re-established Large Business Centre, which aims to bring about higher levels of voluntary tax compliance among large taxpayers. Read Full Story

Tax Experts Have Helped Developing Countries Net USD500m In Tax

by Ulrika Lomas, Tax-News.com, Brussels

Friday, September 27, 2019

The international community has made important progress in improving developing countries' ability to tax multinational enterprises and boost domestic revenue mobilization, says the annual report for the initiative Tax Inspectors Without Borders. Read Full Story

OECD Says Pace Of Global Tax Reform Has Slowed

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, September 5, 2019

The pace of tax reform has slowed across most leading economies, a new report from the OECD says, calling for bolder tax reforms to address future challenges. Read Full Story

Mauritius Gazettes Budget Tax Measures

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, August 8, 2019

Mauritius has published in its Official Gazette legislation to enact measures announced in the territory's latest Budget, contained in The Finance (Miscellaneous Provisions) Act 2019. Read Full Story

Mauritius Overhauls Tax Regime In 2019-20 Budget

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, June 21, 2019

Mauritius announced a multitude of changes to all areas of its tax regime in its 2019-2020 Budget, including international tax reforms; value-added tax changes; new corporate tax relief measures, including a new patent box regime; a regime for peer-to-peer lending; individual tax breaks; and a tax amnesty scheme. Read Full Story

South African Carbon Tax Introduced On June 1

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, June 5, 2019

On May 26, 2019, South African President Cyril Ramaphosa signed into law the Carbon Tax Act No 15 of 2019, which came into effect on June 1, 2019, as announced by the Minister of Finance in the 2019 Budget. Read Full Story

African Continental FTA To Enter Into Force

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, May 10, 2019

The African Continental Free Trade Agreement will enter into force on May 30, 2019, after Sierra Leone and the Sahrawi Republic deposited their instruments of ratification of the agreement. Read Full Story

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