NL-Africa Tax Newsletter – August 2024

Dear business relation,

This month’s NL-Africa Tax Desk newsletter includes, amongst others, an update on the 2024 mid-year budget review in Ghana, the Finance Bill 2024 in Mauritius and the Kenyan Finance Act 2023.

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 

• African Tax Administration Forum (ATAF) welcomes adoption of draft terms of reference for UN Framework Convention on International Tax Cooperation
• BEPS 2.0 (Pillar Two) state of play
• Taxation of the digitalized economy
• Transfer pricing documentation summaries by jurisdiction
• West African Tax Administration Forum (WATAF) comments on the adoption of the draft terms of reference for a UN Framework Convention on International Tax Cooperation

Botswana

• Annual PAYE and other withholding tax returns filing due date extended to 30 September 2024

Ghana

• Measures related to tax administration, digital solutions, indirect tax in 2024 mid-year budget review

Kenya

• Finance Act, 2023 declared unconstitutional, appeal pending (Court of Appeal decision)

Mauritius

• Tax measures in Finance Bill 2024 enacted

Nigeria

• Guidelines for implementation of 0% duty rate on some basic food items
• Private companies incorporated before CAMA 2020 can have one shareholder (Federal High Court decision)

South Africa

• South Africa invites public comment on draft Tax Administration Laws Amendment Bill 2024
• South Africa issues guidance on Royalties Withholding Tax
• South Africa proposes to amend VAT Regulations on Electronic Services and seeks public comments
• South Africa publishes draft amendments to carbon offset regulations under Carbon Tax Act
• South Africa publishes draft guide on tax incentives for generation of electricity from specified sources of renewable energy
• South Africa publishes draft guide on the Mineral and Petroleum Resources Royalty Act
• South Africa updates guidance on provision of funds, assets or other resources by a public benefit organization to any association of persons