NL-Africa Tax Newsletter – May 2023
June 30, 2023
Dear business relation,
This month’s NL-Africa Tax Desk newsletter includes updates on the Nigerian 2023 Budget and the Kenyan 2023 Finance Bill.
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
- MLI country implementation summary
- Transfer pricing documentation summaries by jurisdiction
- Taxation of the digitalized economy - update on global developments
- Electronic invoicing (e-invoicing) and digital reporting global updates
- BEPS 2.0 (Pillar Two) global updates
Benin
Botswana
Egypt
Kenya
- Application of VAT on digital services provided by non-residents
- Transfer pricing, direct, and indirect tax measures in Finance Bill, 2023
Nigeria
- 2023 budget, tax measures in Finance Act, 2022
- Federal Inland Revenue Service empowered to collect withholding tax as advance payment of income tax (Tax Appeal Tribunal)
- Mining sector update (May 2023)
- New excise taxes on alcoholic beverages, tobacco, single use plastics, and telecommunications services, import tax on imported vehicles
Sierra Leone
- Sierra Leone joins Global Forum on Transparency and Exchange of Information
- Sierra Leone approves Tax Exemption Law to boost revenues
South Africa
- Addressing backlog of waiver applications and temporary residence visas
- Document requirements: temporary residence visas, permanent residence applications
- Enhancements to tax compliance status process
- Reporting period for FATCA, CRS third-party data annual submissions process
- VAT numbers declared on customs documents monitored
- VAT registration process becomes more stringent
Uganda
