It cites the advice given to foreign investors to invest in a certain African territory through an intermediary holding company (IHC) in order to avoid paying capital gains tax (CGT) and share transfer tax (STT). The situations in such African countries as Tanzania, Uganda and Mozambique are ...
1. In countries in which VAT is charged at a number of different rates, the rate in the table is the highest rate. 2. The rates in the Table do not include Local tax, if it exists. 3. Social security rates are the highest rates. Unlike income tax social security contributions are ge...
By QuickBooks South Africa & Nadine AugustinePublished on October 17, 2024If you run a small business corporation or are self-employed as a sole trader, it’s important to register as a taxpayer with the South African Revenue Service (SARS). This ensures that you or your business can pay ...
Types of Tax Concessions for Attracting Foreign Direct Investment in Free Economic Zones Not only transition countries but also a large number of developing (and developed) countries have established free economic zones (FEZs) with the aim of a... WN Chang,DM Radulescu - 《Cesifo Working Paper...
On 29 September 2023, the African Tax Administration Forum (“ATAF”) released its revised Suggested Approaches to Drafting Domestic Minimum Top-up Tax (“DMTT”) Legislation in order to promote fair and effective tax systems across the African continent and in anticipation of countries enacting ...
But I worry because the statist countries will be relentless. Remember, the corporate tax cartel seemed crazy when it was first proposed about 10 years ago. But the left kept pushing and now it’s in the process of being implemented. ...
The world’s poorest countries desperately need their economies to grow if their populations are to have better lives. For example, Africa has about 17 per cent of the world’s population but only 3 per cent of global GDP. The root causes of African nations’ underdevelopment are complex, ...
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What are zero-rated VAT items in South Africa? * Export of goods and services sold to other countries. * Essential food items including 19 essential food products. * Fuel used for lighting purposes. * Petrol and diesel are subject to a fuel levy. * Transportation services across borders. *...
Nigeria has signed a new tax treaty with ECOWAS countries to eliminate double taxation on income, capital, and inheritance. This comes through an Order signed by the Minister of Finance on 1st May 2023 and is in addition to the 16 Double Tax Treaty Agreements that Nigeria has in force. ...