NL-Africa Tax Newsletter – March 2023

Dear business relation,

This month’s NL-Africa Tax Desk newsletter includes an overview of the global BEPS 2.0 (Pillar Two) updates, and the latest on the Nigerian guidelines on withholding and self-accounting for VAT.

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 Newsletter team
Meijburg & Co

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Africa 

• BEPS 2.0 (Pillar Two) global updates
• Electronic invoicing (e-invoicing) and digital reporting global updates
• MLI country implementation summary
• Taxation of the digitalized economy - update on global developments
• Transfer pricing documentation summaries by jurisdiction

Angola

• Angola joins Global Forum on Transparency and Exchange of Information

Egypt

• Guidance clarifying VAT on digital services regime
• Income tax treaty signed with Qatar

Kenya

• VAT on exported services is standard rated at 16% (court decision)

Malawi

• Budget 2023-24: Government proposes tax reliefs and measures to enhance tax compliance

Mauritius

• FATCA Reporting: Update on U.S. Tax Identification Number (TIN)

Nigeria

• Guidelines on withholding of and self-accounting for VAT
• Joint tax audit and investigation team (Lagos State)
• Tax issues affecting payment for imported equipment by renewable energy companies

Rwanda

• Rwanda extends Manufacture and Build to Recover Program

South Africa

• Ten-year extension of R&D tax incentive announced