NL-Africa Tax Desk newsletter – April 2021

Dear reader,

The aim of this newsletter is to give you an easy-to-read overview of the latest tax updates in Africa. In this newsletter you can read-up on the tax treaty negotiations initiated by the Dutch Government, recent tax developments in Nigeria - including the 2021 budget and tax measures - and the latest on the minimum tax in Kenya.

If you would like to know more about the matters addressed in this newsletter or have any feedback, you are welcome to contact Sebastiaan Paling (Head of the NL-Africa Tax Desk).

Best regards,
NL-Africa Tax Desk team
Meijburg & Co

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Table of contents
 

Africa

• COVID-19 global tax developments summary 

• Country-by-Country Reporting and Master File / Local File; country implementation summary

• Electronic invoicing (e-invoicing) and digital reporting global updates

• Taxation of the digitalized economy - update of summary of global developments

Egypt

• Egyptian Ministry of Finance Publishes Factsheet on MLI 

​​​Ethiopia

• New commercial code

Ghana

• Tax measures in 2021 budget

Kenya

• Application of commercial building allowance for years before 2010 (High Court decision)

• Business Laws (Amendment) Act of 2021 and Employment (Amendment) Act of 2021 Introduction

• No withholding tax on payments to South African entity under income tax treaty

• Private ruling allowing capital gains tax on sale of land revoked; corporation tax assessed

• Professional fees paid to a South African entity is not subject to Withholding Tax under Kenya-South Africa DTA

• Tax authority temporarily restrained from collecting minimum tax

Mauritius

• Amended pension measures, implications for non-citizen, non-tax resident employees

Netherlands 

• Update (in Dutch) on tax treaty (re)negotiations with Kenya, Malawi, Morocco, Mozambique, Senegal, Uganda and Zimbabwe ​​

Nigeria

• Automated tax system deployed

• 2021 budget and tax measures

• Corporate income tax, procedures for making payments in installments

• Deadline extended for filing individual tax returns, Lagos State (COVID-19)

• Designated offices for tax return filings by entities in free trade zones

• Expatriates Required to Prove Payment of Tax for Permits Renewals

• Extended deadline for companies to issue unallotted share capital

• Guidelines on the tax treatment of NGOs

• Requirements for institutions and organisations under companies income tax schedule

• Revised legislation governing banks and financial institutions

• Transfer pricing awareness survey

• VAT treatment of services provided by financial institutions

South Africa

• COVID-19: Extension of Visa Concessions for Foreign Nationals

Uganda

• Tax proposals in pending legislation

Zambia

• Amendments to country-by-country reporting rules