NL-Africa Tax Newsletter – March 2025

Dear business relation,

This month’s NL-Africa Tax Desk newsletter includes, amongst others, the latest on the 2025/2026 budget measures in South Africa and Rwanda. Next to that, the KPMG member firms in West Africa published the first edition of the West Africa Tax Journal, which summarizes tax developments in Nigeria and Ghana. This report includes an overview of court decisions, regulatory guidance, implementation of new tax laws and amendments effective January 1, 2024, and an update on the implementation of the electronic value added tax (VAT) invoicing system (E-VAT).

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

------------------------------------------------------------------------------------------------------

Africa 

• KPMG BEPS 2.0 (Pillar Two) tracker
• OECD releases new peer reviews on exchange of information for tax purposes
• OECD releases the latest BEPS Action 14 Mutual Agreement Procedure (MAP) peer review results
• Taxation of the digitalized economy
• Transfer pricing documentation summaries by jurisdiction

Cameroon

• Amendments to business license duties, synthetic tax
• Guidelines for local country-by-country declarations

Djibouti

• Government enacts new tax administration measures and repeals several tax exemptions (in French)

Egypt

• Amendments to tax procedures; tax incentives for small businesses

Kenya

• Government proposes to repeal excise duty on import of fully assembled electric transformers 

Mauritius

• Updated lists of reportable and participating jurisdictions for automatic exchange of financial account information 

Mozambique

• Tax proposals announced by president in inauguration speech
• Transfer Pricing: The Challenge of Mozambique 

Rwanda

• Tax Bills 2025: several new tax measures, including the introduction of a digital service tax and an increment in the capital gains tax rate on sale of shares

Senegal

• Mandatory electronic invoicing proposed in 2025 Finance Bill

South Africa

• Implications of potential VAT rate increase
• Proposed increase to employment tax incentive thresholds
• SARS issues updated guidance on capital gains tax for companies
• SARS issues updated guidance on capital gains tax for individuals
• SARS issues updated tax exemption guide for public benefit organizations
• Tax measures in 2025/2026 budget

Tanzania

• Guidance regarding submission of beneficial owner information to registrar of companies

Tunisia

• Clarification on tax regime for communitarian companies

West Africa

• Tax developments in Nigeria and Ghana in FY2024