NL-Africa Tax Desk newsletter – April 2022

Dear reader,

The aim of this newsletter is to give you an easy-to-read overview of the latest tax updates in Africa.

This month’s NL-Africa Tax Desk newsletter includes the tax measures in the budget of Kenya and the VAT proposals concerning online transactions, digital marketplaces in Kenya’s finance bill. Next to that, it includes an overview of the latest developments in Nigeria’s oil & gas industry and a memo of KPMG tax professionals with comments on the implementation framework of the global minimum tax (i.e., the BEPS GloBE - Pillar Two - model rules).

If you would like to know more about the matters addressed in this newsletter or have any feedback, feel free to contact Sebastiaan Paling (Head of the NL-Africa Tax Desk). Please visit our website for more information on the NL-Africa Tax Desk and the services we offer or to download our factsheet.

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

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Table of contents

Africa 

• Transfer pricing documentation summaries by jurisdiction
• Taxation of the digitalized economy - update of summary of global developments
• Electronic invoicing (e-invoicing) and digital reporting global updates

OECD

• Comments on implementation framework of global minimum tax
• New tool provides insights into digitalisation practices and initiatives for 76 tax administrations

Angola

• Transfer pricing implications of updated list of “large taxpayers”

Cameroon

• Cameroon deposit instruments for the ratification of the Multilateral BEPS Convention

Gabon

• Global Forum publishes new peer review reports on the exchange of information on request

Ghana

• COVID-19: easing of travel and other restrictions

Kenya

• Tax measures in budget 2022-2023
• Transfer pricing and other tax-related measures in Finance Bill, 2022
• VAT proposals concerning online transactions, digital marketplaces in finance bill

Morocco

• Making tax dispute resolution more effective: new peer review assessment for Morocco

Nigeria

• Big data analytics and the Nigerian withholding tax tates
• Oil and gas industry update (first quarter 2022)

South Africa

• Tax implications of increase to repo rate
• VAT treatment of leasing of aircraft engines

Tunisia

• Making tax dispute resolution more effective: new peer review assessment for Tunisia

Zambia

• Country-by-country reporting rules for 2021 tax year

Zimbabwe

• Extended deadlines for corporate income tax and transfer pricing returns for 2021