NL-Africa Tax Newsletter – June 2024

Dear business relation,

This month’s NL-Africa Tax Desk newsletter includes, amongst others, an update on the 2024-2025 budgets in East Africa (Kenya, Tanzania, Uganda). Next to that, it includes a report on the global developments in ESG-related taxes, incentives, and grants.

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 countries reap highest-ever fiscal benefits from tax transparency
• Updated ESG Tax Tracker - Global developments in ESG-related taxes, incentives and grants
• BEPS 2.0 (Pillar Two) global updates
• Summary of tax developments (June 2024)
• Taxation of the digitalized economy
• Transfer pricing documentation summaries by jurisdiction

East Africa

• 2024-2025 budgets (Kenya, Tanzania, Uganda)

Ethiopia

• Ethiopia issues directive abandoning blanket VAT exemption for selective approach

Kenya

• Kenya extends CRS reporting deadline

Malawi

• Malawi extends preferential rules of origin to non-tariff measures in Customs and Excise (Amendment) Act 2024

Mauritius

• Direct and indirect tax measures in 2024-2025 budget

Nigeria

• Mining sector update (June 2024)

Rwanda

• Rwanda Revenue Authority issues directive on payment of tax arrears in instalments

Senegal

• Changes to VAT on cross-border provision of digital services, now effective from 1 July 2024

South Africa

• 2024 tax filing deadlines for individuals

Tunisia

• Tunisia enhances investment climate through new tax incentives decree (in French only)

Zambia

• Zambia to require E-Invoicing for VAT-registered taxpayers