The aim of this newsletter is to give you an easy-to-read overview of the latest tax updates in Africa. This month’s newsletter includes an important update for Nigeria’s oil and gas sector, as the president of Nigeria signed the Petroleum Industry Bill, 2021 into law on August 16, 2021.
On August 2, 2021 a new decree on the Dutch VAT position of members of supervisory boards, boards of supervisory directors, complaints advisory committees and review, dispute and comparable committees was published. This decree is a clarification and expansion of the decree of April 28, 2021.
The winner of the Meijburg Art Commission will be announced during the upcoming edition of Unseen Amsterdam (17-19 September) at the Westergasfabriek. With this prestigious prize, KPMG Meijburg & Co. aims to offer photography talent the opportunity to develop new work and exhibit it to a wide audience.
The aim of this newsletter is to give you an easy-to-read overview of the latest tax updates in Africa. This month’s newsletter includes a key update on 130 members of the OECD’s Inclusive Framework issuing a statement on a two-pillar solution to address the tax challenges arising from the digitalization of the economy and the African Tax Administration Forum’s response to this.
On July 16, 2021 the Supreme Court rendered judgment on the deduction of interest on a loan to finance an acquisition by an investment fund. The Supreme Court ruled that the Amsterdam Court of Appeals had correctly held that the interest was non-deductible.
On Friday, July 9, 2021 the Supreme Court rendered judgment on the deduction of interest on a loan to finance an acquisition, in a case in which interest costs were also deductible in other countries due to hybrid elements in the group structure. The Supreme Court dismissed the appeal in cassation by the Deputy Minister of Finance.
This is the second edition of our Tax Update for the Shipping & Offshore sector for 2021. We are keen to keep you updated on national and international developments, diverse case law, bills and practical experience that are topical and relevant for the sector, so that you know what is going on.
The aim of this newsletter is to give you an easy-to-read overview of the latest tax updates in Africa. This month’s newsletter includes an update on the pending Petroleum Industry Bill 2020 in light of Nigeria’s present administration demonstrating strong commitment to passing this bill.