NL-Africa Tax Desk newsletter – November 2021

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 newsletter includes several updates on the 2022 tax measures in Ghana, Zambia and Zimbabwe. Next to that, we have seen developments focused on tackling international tax avoidance with Mauritania and Rwanda joining OECD initiatives in this regard and the tax policy debate in the Netherlands moving towards increased international exchange of information on Dutch intermediate holding companies.

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

• Report on conduit companies in the Netherlands and what Dutch holding companies should prepare for

• COVID-19 global tax developments summary

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

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

• Transfer pricing documentation summaries by jurisdiction

Botswana

• Tax incentives include reduced tax rate for investors in special economic zones

Ghana

• 2022 budget highlights

Mauritania

• Mauritania joins the Inclusive Framework on BEPS

Nigeria

• New digital resource for investors

• Proposed tax to finance healthcare fund

• Simplified VAT regime for goods or services sold via electronic or digital platforms

• Tax and regulatory challenges in electricity supply industry

• Tax holiday invalid; taxpayer failed to obtain valid certification of gas production

• Taxpayer’s deposit with FIRS found sufficient for tribunal’s jurisdiction

• VAT amendments, revised definitions intended to provide relief for certain sectors

Rwanda

• Rwanda signs the multilateral Convention on Mutual Administrative Assistance in Tax Matters 

South Africa

• Assessments after three-year limitations period expired (court decision)

• Carbon tax licence renewal applications due before 30 November 2021  

• Penalties for individuals who fail to file tax returns

• Proposal to amend interest limitation rules

• Proposal to limit use of losses by companies

• Update on carbon tax

Zambia

• KPMG 2022 Zambia national budget analysis and discussion

Zimbabwe

• Tax measures in 2022 budget