NL-Africa Tax Newsletter – October 2024
Dear business relation,
This month’s NL-Africa Tax Desk newsletter includes, amongst others, an update on new withholding tax regulations in Nigeria and an update on the anticipated increase of the South African dividends tax rate under the South Africa-NL, South Africa-Sweden and South Africa-Kuwait tax treaty. Given the impact of the latter on Dutch, Swedish and Kuwaiti shareholders in South African companies, we caution that further developments in this regard should be closely monitored. For more information and assistance, please contact us.
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
- KPMG BEPS 2.0 (Pillar Two) tracker
- OECD: Developments in international tax reform
- Taxation of the digitalized economy
- Transfer pricing documentation summaries by jurisdiction
Ethiopia
Kenya
- High Court nullifies Income Tax (Financial Derivatives) Regulations 2023
- Tax Appeal Tribunal rules no adjustments needed if relevant condition of controlled transaction is within arm's length range
Nigeria
- New withholding tax regulations effective January 1, 2025
- Tax authority has discretion to determine percentage of tax on turnover of foreign companies
- VAT (Modification) Order, 2024 expands list of VAT-exempt goods and services
South Africa
- Anticipated increase of the dividends tax rate under the South Africa-NL, South Africa-Sweden and South Africa-Kuwait tax treaty
- Changes to corporate income tax return relating to R&D tax incentive
- Constitutional Court finds in favor of SARS in Thistle Trust Case
- SARS issues guidance on sale and leaseback arrangements
- SARS publishes updated guide on taxation in South Africa
- SARS updates tax guide for small businesses
Uganda
Zambia
