NL-Africa Tax Newsletter – August 2023

Dear business relation,

This month’s NL-Africa Tax Desk newsletter includes, amongst others, views on the implementation of minimum taxation in Africa based on the global OECD Two-Pillar initiative. Next to that, please find a 2023 tax guide for Nigeria and updates on the 2023 Kenyan Finance Act and Mauritian Finance Bill below.

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). Please visit our website for more information on the NL-Africa Tax Newsletter and the services we offer or to download our factsheet.

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

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Africa 

• African Tax Administration Forum (“ATAF”) publishes suggested approach to minimum domestic supplementary tax
• BEPS 2.0 (Pillar Two) global updates
• Electronic invoicing (e-invoicing) and digital reporting global updates
• MLI country implementation summary
• Transfer pricing documentation summaries by jurisdiction
• Taxation of the digitalized economy - update on global developments
• West African Tax Administration Forum (“WATAF”) publishes key considerations on Pillar 1 and Pillar 2

Egypt

• Egypt issues VAT guidelines for digital and other remote services from non-residents

Ghana

• Direct and indirect tax administration provisions in 2023 mid-year budget review

​​​​​​Kenya

• Direct and indirect tax measures in Finance Act 2023
• Kenya Revenue Authority (“KRA”) must issue objection decision within 60 days (court decision)

​​​​​Mauritius

• Finance Bill 2023 enacted with minor amendments, includes direct and indirect tax measures
• New income tax treaty with Hong Kong entered into force
• Tax amnesty program renewed

Nigeria

• FIRS announces effective date of direct and indirect tax changes in Finance Act 2023
• Tax guide for 2023

Seychelles

• Seychelles implements environmental sustainability levy

South Africa

• Draft legislation allowing limited deduction of expenses incurred by companies not trading
• Draft legislation would require non-resident employers to register with SARS, withhold employees’ tax
• Proposed amendments to section 11D R&D tax incentive
• Proposed APA program
• Proposed temporary expansion of renewable energy tax incentive
• SARS publishes update on the distribution of funds to non-resident trusts by resident trusts
• SARS updates business requirements specification: PAYE employer reconciliation
• ‘Trusted Employer Scheme’ could attract much-needed talent

​​​Tunisia

• Instrument of ratification of MLI deposited with OECD