NL-Africa Tax Desk newsletter – January 2022

27 januari 2022

Dear reader,

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 various tax bills being signed into law in Nigeria introducing, among others, a 10% rate for capital gains tax on gains from disposal of shares in Nigerian companies and new provisions covering the taxation of non-resident companies with significant economic presence in Nigeria based on a percentage of turnover attributable to their Nigerian operations (i.e., deemed profit basis). Next to that, this newsletter includes the latest on the future of the R&D tax incentive in South Africa.

If you would like to know more about the matters addressed in this newsletter or have any feedback, feel free to contact Sebastiaan Paling (Head of the NL-Africa Tax Desk).

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


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