NL-Africa Tax Newsletter – February 2024

Dear business relation,

This month’s NL-Africa Tax Desk newsletter includes, amongst others, an update on the 2024-2025 budgets of Botswana, Ghana and South Africa. Next to that it includes an overview of recent transfer pricing developments in Ethiopia and Kenya.

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.

We wish you a wonderful holiday season.

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

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Africa 

• African Tax Administration Forum responds to OECD/G20 Inclusive Framework report on Pillar One’s Amount B
• BEPS 2.0 (Pillar Two) global updates
• Taxation of the digitalized economy
• Transfer pricing documentation summaries by jurisdiction

Angola

• Angola stops mandatory submission of annual declaration return forms for employment income tax (in Portuguese)

Botswana

• Tax proposals in budget 2024-2025

Cabo Verde

• Cabo Verde releases VAT self-invoicing guidelines (in Portuguese)

Cameroon

• Cameroon commits to start automatic exchange of financial account information in 2026

Ethiopia

• New transfer pricing rules

Ghana

• Tax and customs measures in 2024 budget enacted

Kenya

• Stay of new affordable housing levy upheld (Court of Appeal decision)
• Transfer pricing developments

Mauritius

• Mauritius updates list of participating jurisdictions for automatic exchange of financial account information
• Mauritius updates list of reportable jurisdictions for automatic exchange of financial account information

Nigeria

• Deadline for filing employer annual tax returns extended to 7 February 2024 (Lagos State)
• Deadline for filing employer annual tax returns extended to 15 February 2024 (Anambra State)
• Migration of electronic platform for filing transfer pricing returns and country-by-country notifications
• Tax and customs incentives for gas sector

Republic of the Congo

• VAT on cross-border provision of digital services

Senegal

• Senegal launches website for tax document requests (in French)
• VAT on cross-border provision of digital services

Seychelles

• Council of the European Union removes Seychelles from EU list of non-cooperative jurisdictions for tax purposes

Sierra Leone

• Sierra Leone raises withholding taxes to 15% and lowers minimum alternate tax in 2024 Budget

South Africa

• Immigration concession extended: temporary measures due to backlog
• Increase in carbon tax rate and carbon fuel levies
• Summary of direct and indirect tax proposals in 2024 budget

​​​​Tanzania

• VAT and DST obligations for nonresident providers of cross-border electronic services