NL-Africa Tax Desk newsletter – January 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 several updates on the 2022 tax measures in the Netherlands and Zambia, as well as a comprehensive overview of the tax measures in Nigeria’s Finance Bill, 2021. Next to that, we have seen a major development in international tax with the release of the OECD report - and the European Commission’s response - on the Global Anti-Base Erosion model rules under BEPS Pillar 2. These rules are aimed at introducing a global minimum tax of 15% for MNEs with a turnover of more than €750 million as of 2023 and will, as such, also impact MNEs with activities in Africa.

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).

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

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Table of contents

Africa

• OECD Pillar 2 model rules for a global minimum tax

• European Commission’s response to the OECD Pillar 2 model rules

• 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

• Over 130 jurisdictions reviewed in the latest OECD BEPS Action 5 peer review on tax rulings

• OECD report on 2021 revenue statistics in Africa

Netherlands

• Tax measures in 2022 Tax Plan

• Tax proposals in coalition government’s agreement

Nigeria

• Capital allowances for work-in-progress, assets in periods of temporary disuse

• Extended deadline for waiver of interest and penalties on company tax liabilities

• Stamp tax audits, oil and gas sector

• Tax measures in Finance Bill, 2021

Seychelles

• New and updated OECD transfer pricing country profile

• The Seychelles deposit notification under the Multilateral BEPS Convention

South Africa

• New and updated OECD transfer pricing country profile

Tunisia

• Tunisia, OECD and EU strengthen tax co-operation to improve resource mobilisation

Zambia

• Tax measures in 2022 budget