NL-Africa Tax Newsletter – June 2023

Dear business relation,

This month’s NL-Africa Tax Desk newsletter includes, among others, updates on the 2023-2024 budgets in Kenya, Rwanda, Tanzania, Uganda and Mauritius.   

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

------------------------------------------------------------------------------------------------------

Africa 

• African countries reiterate intention to protect tax revenues in light of Pillar Two
• African Tax Administration Forum releases policy guidelines for carbon tax
• BEPS 2.0 (Pillar Two) global updates
• Electronic invoicing (e-invoicing) and digital reporting global updates
• MLI country implementation summary
• Southern African Customs Union members sign mutual recognition arrangement
• Taxation of the digitalized economy - update on global developments
• Transfer pricing documentation summaries by jurisdiction

East Africa

• 2023-2024 budgets (Kenya, Rwanda, Tanzania, Uganda)

Kenya

• Declaration of related-party or controlled transactions on income tax company returns

Mauritius

• Direct and indirect tax proposals in 2023-2024 budget
• Phases for implementing e-invoicing mandate

Netherlands

• Updated list of designated developing countries for foreign tax credit purposes (in Dutch)

Nigeria

• Direct and indirect tax changes in Finance Act 2023
• Federal Inland Revenue Service empowered to appoint non-resident suppliers as agents of VAT collection (Tax Appeal Tribunal)
• Nigeria has commenced implementing VAT at 7.5% on automotive gas oil (diesel)
• The Netherlands and Nigeria express interest in revising tax treaty and investment protection agreement ("IPA")

South Africa

• 2023 tax filing season for individuals opens 7 July 2023
• Third-party data annual submissions process for AEOI closed 
• SARS issues draft guide on tax treatment of surplus renewable energy credits for public comment
• SARS issues note on tax exemption of international aid received under official development assistance agreement
• SARS publishes rates at which interest-free or low-interest loans are subject to income tax
• SARS publishes updated Dispute Resolution Guide

Tanzania

• Retained earnings of resident company subject to withholding tax (Tax Revenue Appeals Board decision)

Zimbabwe

• Zimbabwe imposes 1% tax on foreign payments to bolster local currency