NL-Africa Tax Desk newsletter – June 2021

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 the pending Petroleum Industry Bill 2020, in light of Nigeria’s present administration demonstrating strong commitment to passing this bill. Furthermore, the 2021/2022 budgets of Kenya, Tanzania and Uganda show that in these jurisdictions new tax measures focus on - among others - new levies for the mining sector, updating the definition of ‘beneficial owner’ - key in light of the application of tax treaties -, as well as additional restrictions on claiming input VAT and updates on VAT exemptions.

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).

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

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Table of contents
 

Africa

• Country-by-Country Reporting and Master File / Local File: country implementation summary

• COVID-19 global tax developments summary

• Electronic invoicing (e-invoicing) and digital reporting global updates

• OECD - Tax Transparency in Africa 2021: Africa Initiative Progress Report

• Taxation of the digitalized economy - update of summary of global developments

Botswana

• Amnesty for resolving VAT, corporate and individual income tax liabilities

East Africa

• 2021-2022 budgets (Kenya, Tanzania, Uganda)

Mauritius

• Status of anti-money laundering, terrorism financing listing

• Tax measures in 2021-2022 budget

Morocco

• Moroccan Tax Authority has published its guidance on the Mutual Agreement Procedure (in French)

Mozambique

• Waiver of fines and reduction of interest in respect of social security payments

Nigeria

• Guidance for filing naira-denominated tax returns electronically

• Guidelines for validating unused withholding tax credit notes

• Guide on investment in Nigeria: key information on tax that investors need to know when investing in Nigeria

• Individual income tax clarification

• International Mobility and Security Risks

• Report on the pending Petroleum Industry Bill 2020

• Taxpayers must file corporate income tax, VAT returns electronically

Seychelles

• Cabinet of Seychelles approves ratification of the MLI

South Africa

• Agent-principal relationships and VAT