NL-Africa Tax Desk newsletter – second edition

Dear reader,

This is the second edition of our NL-Africa Tax Desk newsletter. The aim of this newsletter is to give you an easy-to-read overview of the latest tax updates in Africa. As reflected in below overview, the African tax landscape is not evolving in isolation from the global tax environment. The digital tax sphere (with new laws and regulations implemented in - among others - Kenya and Nigeria), continued focus on transfer pricing and implementation of the MLI are just a few of the items impacting global organizations.

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: Taxation of the digitalized economy – summary of global developments 

• Burkina Faso: Multilateral Convention (MLI) entered into force in respect of Burkina Faso as per February 1, 2021 

• Kenya: Exploring the fiscal space of the health sector in Kenya

• Kenya: Guidelines clarifying application of the minimum tax

• Mauritius: Guidance on interest income and dividends subject to partial exemption

• Mauritius: Protocol amending tax treaty with Eswatini (Swaziland)

• Nigeria: Extended deadline for 2020 PAYE tax returns, Lagos State (COVID-19)

• Nigeria: Investment tax credit, production-sharing contracts and oil prospecting license (appeals court decision)

• Nigeria: Tax provisions in Finance Act, 2020

• OECD: Report on taxing energy use and subsidy reform covering Cote d’Ivoire, Egypt, Ghana, Kenya, Morocco, Nigeria and Uganda

• Rwanda: Transfer pricing rules

• South Africa: Tax insights regarding the 2021 Budget

• South Africa: Transfer pricing adjustment upheld for a taxpayer that failed to have transfer pricing documentation

• Uganda: Uganda commits to implement the international Standard for Automatic Exchange of Financial Account Information in Tax Matters (AEOI) by 2023

• Zambia: As 36th country, Zambia ratifies the African Continental Free Trade Area Agreement (AfCFTA)