Africa Tax News

Coca-Cola Bottler to Review South Africa Pledges Amid Sugar Tax

Coca-Cola Beverages Africa, a bottling joint venture between the U.S. soft drink giant and brewer SABMiller Plc, will reconsider its spending and other commitments made to the South African government if the country presses ahead with a planned sugar tax.South ...

Nigeria: Reduce Taxes to Save Economy, NACCIMA, MAN Urge Govt

The National Association of Chambers of Commerce and Industry, Mines and Agriculture (NACCIMA) and the Manufacturers Association of Nigeria (MAN), the two largest arms of the Organised Private Sector (OPS) in the country, at separate events yesterday, has urged the ...

Nigeria: Communication Tax Will Bar 70m Nigerians From Internet Access - A4AI

A new ICT tax being considered by the National Assembly will prevent over 50 million Nigerians from being able to afford a basic broadband connection, the Alliance for Affordable Internet (A4AI)-Nigeria Coalition, has said. A4AI analysis has shown that the ...

Liberia : Africa’s Unknown Tax Haven With Much To Lose

As world leaders consider what to do about the revelations emerging from the Panama Papers, Liberia's government will be worrying about the fall-out that may cross the Atlantic Ocean from the affair. The European Union has announced it will be ...

Kenya: State Dangles Tax Breaks for Tourism Sector Revival

The government is offering tax exemptions to investors in the tourism industry to help spur its growth, Cabinet Secretary Najib Balala has said. Mr Balala said the incentives had worked in favour of tourism development in Nairobi and his ministry ...

Nigeria plans 9% consumer telecom tax to make up for oil

The Nigerian government is planning to introduce a 9 percent communication service tax to be paid by consumers of voice, data, SMS, MMS and pay TV services, IT Web reported. The move is reportedly due to efforts by authorities to ...

South Africans to pay ‘sin tax’ for sugary drinks

The sugar business employs hundreds of thousands of people across Africa Precious, whose hand seems to be drawn to the bright orange Fanta, says the extra tax planned for next year will not put her off. “We’ll still buy them ...

Senegal signs multilateral agreements to fight tax avoidance and evasion

Senegal on February 4 signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, becoming the 93rd jurisdiction to sign the document, and the Multilateral Competent Authority Agreement for the automatic exchange of Country-by-Country reports, becoming the 32nd signatory to ...

Kenya signs agreement to fight offshore tax evasion and avoidance

Kenya on February 8 signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, an agreement designed to combat offshore tax avoidance and evasion. Kenya was the 94th signatory to the agreement and the 12th African nation to join, ...

SARS Issues Foreign Dividend Taxation Guide

The South African Revenue Service (SARS) has issued a draft interpretation note to provide guidance on the interpretation and application of various provisions of the country's Income Tax Act relating to foreign dividends. The note discusses the current gross income ...

Kenya launches customs reforms to boost revenue collection

Kenya's tax collector on Monday introduced a raft of reform measures geared at enhancing national security and efficiency in customs management as well as boosting revenue collection. Kenya Revenue Authority (KRA) Commissioner General, John Njiraini, announced the stringent vetting of ...

Moroccan Parliament Approves 20% Tax Rebate for Foreign Films

The 2016 Finance Law, which will enter into effect on March 31, 2016, includes a 20 percent tax cash rebate for foreign films, according to a report by Variety magazine. A foreign film will be eligible to receive the 20 ...

Nigeria ain't broke, it just needs to fix its tax system

Nigeria has lost billions of dollars because of a 10-year tax break given to Shell, Total and Eni, three of the world’s biggest oil and gas companies. That staggering $3.3bn (£2.3bn) revenue loss, in a country where millions of people live in ...

OECD Recommends Revenue Raising Measures For South Africa

South Africa has a "well-balanced, modern tax system" but additional revenues will be needed in the coming years to expand social spending and infrastructure, the Organisation for Economic Cooperation and Development (OECD) has said in a new report. The report, ...