Africa
KPMG TaxNewsFlash reports of tax developments in Africa
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South Africa: Implications of potential VAT rate increase
Parliament still needs to pass the legislation that was announced in the budget speech
March 28, 2025
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Tanzania: Guidance regarding submission of beneficial owner information to registrar of companies
Local companies failing to submit information by April 15, 2025, will not be able to perform any transactions with registrar
March 21, 2025
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Egypt: Amendments to tax procedures; tax incentives for small businesses
Amendments include penalty relief, compliance incentives, tax dispute resolution aids
March 19, 2025
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West Africa: Tax developments in Nigeria and Ghana in FY2024
Including court decisions, regulatory guidance, implementation of new tax laws and amendments, and update on E-VAT implementation
March 18, 2025
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South Africa: Tax measures in 2025/2026 budget
Overview of direct and indirect tax proposals
March 18, 2025
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South Africa: Proposed increase to employment tax incentive thresholds
Aims to encourage employers to hire young and less experienced workers by reducing the amount of employees' tax (PAYE) to be remitted
March 13, 2025
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Tunisia: Clarification on tax regime for communitarian companies
Including 10-year tax exemptions
March 7, 2025
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Cameroon: Guidelines for local country-by-country declarations
Content, format, and procedures for filing local CbC declarations
March 6, 2025
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Cameroon: Amendments to business license duties, synthetic tax
Increase in threshold for application of the taxes
March 6, 2025
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Mozambique: Tax proposals announced by president in inauguration speech
Including plans for taxing digital transactions
March 3, 2025
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Senegal: Mandatory electronic invoicing proposed in 2025 Finance Bill
Proposal does not include specific format or implementation timeline
March 3, 2025
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Nigeria: Proposed tax incentives for oil and gas sector
Proposed tax credit of 15% for R&D activities that lead to new or improved products
December 18, 2024
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Nigeria: Guidelines on advance pricing agreements
Guidelines on the procedures and conditions for advance pricing agreements in Nigeria
December 9, 2024
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South Africa: Discussion document on taxation of collective investment schemes
Document includes proposals for separate tax framework for hedge funds.
December 9, 2024
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South Africa: Proposed environmental tax amendments
Include 150% capital allowance for assets related to electric and hydrogen vehicle production
December 2, 2024
Tax Services
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Egypt: New VAT rules on exported services
0% VAT on exported services effective November 17, 2024
November 22, 2024
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South Africa: Updated legislation implementing Pillar Two global minimum tax rules submitted to Parliament
The government submitted legislation to implement the OECD’s Pillar Two GloBE model rules.
November 20, 2024
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South Africa: Conduit principle does not apply when capital gains are realized by trust
Constitutional Court judgment
November 12, 2024
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Kenya: Supreme Court holds Finance Act, 2023 constitutional, overturns Court of Appeal
The Supreme Court overturned a previous decision of the Court of Appeal that the entire Finance Act was unconstitutional.
November 6, 2024
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South Africa: Proposal to apply official rate of interest rule to loans to trusts
Interest on loan lower than official rate of interest treated as donation by lender to trust
November 4, 2024
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Africa: Summary of tax developments (October 2024)
Ethiopia, Kenya, Nigeria, South Africa, Uganda, and Zambia
October 31, 2024
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South Africa: Proposed changes to foreign exchange loss carryforward rule for non-trading companies
Non-trading companies would be allowed to carry forward aggregate foreign exchange losses
October 31, 2024
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Nigeria: VAT (Modification) Order, 2024 expands list of VAT-exempt goods and services
The order also expands the definition of “petroleum products.”
October 15, 2024
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Uganda: Required audited financial statements for high turnover taxpayers
High turnover taxpayers with income year ended June 30, 2024, are required to submit final income tax return with audited financial statements by December 31, 2024.
October 11, 2024
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South Africa-Kuwait protocol ratified by Kuwait
Protocol would eliminate exemption from South Africa’s 20% dividends tax
October 8, 2024
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Nigeria: Tax authority has discretion to determine percentage of tax on turnover of foreign companies (Federal High Court decision)
Justification of a particular percentage is not required
October 8, 2024
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Nigeria: New withholding tax regulations effective January 1, 2025
Revoke all existing regulations regarding deductions at source or withholding tax
October 3, 2024
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Ethiopia: New VAT rules for nonresident digital services providers
Proclamation No. 1341/2024 was approved by the House of Peoples’ Representatives of Ethiopia.
October 2, 2024
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Africa: Summary of tax developments (September 2024)
VAT rate in Nigeria and tax rates in South Africa
September 30, 2024
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South Africa: Changes to corporate income tax return relating to R&D tax incentive
South Africa Revenue Service (SARS) introduced changes to the corporate income tax return (ITR14)
September 30, 2024
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Mauritius-Bangladesh income tax treaty protocol signed
The protocol will enter into force once the ratification procedures are completed in Mauritius.
September 27, 2024
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Mauritius: Renewed tax amnesty scheme under Finance Act 2024
Income tax, VAT, and gambling tax
September 27, 2024
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Botswana: Extended filing deadlines for annual withholding and individual income tax returns
Individuals are required to file unless they earned less than P480,000 from a single employer .
September 25, 2024
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Egypt: Overview of changes to permanent establishment provisions
Recent updates and implications of the permanent establishment provisions in Egypt
September 17, 2024
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Democratic Republic of the Congo: First e-invoicing pilot phase started September 15, 2024
The tax authority announced the start of the first pilot phase of the e-invoicing and electronic tax devices mandate.
September 16, 2024
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Ghana: Second phase of implementation of e-invoicing announced
The tax authority announced the deployment of the second phase of the country's e-invoicing system for 2,000 taxpayers.
September 16, 2024
Africa Tax Center
Access the latest resources and insights from KPMG tax and legal professionals in the Africa region.
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Africa: Summary of tax developments (August 2024)
Update on 2024 mid-year budget review in Ghana, Finance Bill 2024 in Mauritius, and Kenyan Finance Act 2023
August 30, 2024
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Kenya: Finance Act, 2023 declared unconstitutional, appeal pending (Court of Appeal decision)
Unconstitutional due to nonadherence to prescribed legislative procedures
August 22, 2024
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Nigeria: Private companies incorporated before CAMA 2020 can have one shareholder (Federal High Court decision)
A Federal High Court decision concerning whether private companies incorporated before CAMA 2020 can have one shareholder.
August 20, 2024
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Nigeria: Guidelines for implementation of 0% duty rate on some basic food items
Guidelines for implementation of 0% duty rate and VAT exemption on selected basic food items
August 20, 2024
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Mauritius: Tax measures in Finance Bill 2024 enacted
Finance (Miscellaneous Provisions) Bill 2024 was released for consultation and subsequently enacted on July 27, 2024, without major changes.
August 19, 2024
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Ghana: Measures related to tax administration, digital solutions, indirect tax in 2024 mid-year budget review
Focuses on tax administration measures to support effective implementation of tax measures already enacted
August 7, 2024
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Botswana: Annual PAYE and other withholding tax returns filing due date extended to September 30, 2024
New enhancements were made on the filing platforms
August 1, 2024
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Zimbabwe: Tax measures in 2024 mid-term budget review
2024 mid-term budget review proposes addition of proposed tax measures to 2024 national budget statement and corresponding draft finance bill
July 26, 2024
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Nigeria: Imposed income tax on foreign exchange transaction gains of banks
A proposed measure that would tax realized profits of banks from all foreign exchange transactions in financial year 2023
July 18, 2024
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Tanzania: Waiver of late fees for company documents
The Minister issued notice No. 40 waiving the late filing fee for government documents filed at the Business Registration and Licensing Agency.
July 18, 2024
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Nigeria: New withholding tax regulations
The regulations became effective July 1, 2024.
July 9, 2024
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Southern Africa: Summary of grants and tax incentives
Current grants and tax incentives available in Botswana, Mauritius, Mozambique, South Africa, Zambia, and Zimbabwe
May 20, 2024
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Kenya: Gains on petroleum products not subject to additional import duties (High Court decision)
Tax authority could not levy additional import duties on product gains on petroleum products after initial duties were already paid
May 20, 2024
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Kenya: Tax proposals in Finance Bill, 2024 include implementation of Pillar Two global minimum tax
Changes to tax framework
May 16, 2024
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Nigeria: Guidance on executive order providing new tax incentives for petroleum sector
The order provides for gas credits and allowances for non-associated gas greenfield developments.
May 9, 2024
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Nigeria: Insurance companies subject to generally applicable excess dividend tax rule (Tax Appeal Tribunal decision)
Insurance companies are liable to tax under section 16 of the CITA and other non-conflicting provisions of the CITA
May 6, 2024
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South Africa: FATCA and CRS third party data submission period
The South Africa Revenue Service announced the opening of its third party data annual submissions process.
March 28, 2024
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South Africa: Comparable uncontrolled price method held most reliable method (court decision)
A court decision concerning whether comparable uncontrolled price method was the most reliable method.
March 28, 2024
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Kenya: Affordable Housing Act signed by president
The president signed the Affordable Housing Act.
March 28, 2024
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Zambia: VAT on cross-border provision of digital services
Regulations require non-resident digital services providers to register for, collect, and remit VAT using a simplified registration system
March 21, 2024
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Nigeria: Executive orders relating to petroleum sector include new tax incentives
The orders became effective 28 February 2024.
March 21, 2024
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Kenya: New platform for non-VAT registered taxpayers to electronically generate and send invoices
Compliance deadline remains unchanged
March 13, 2024
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Namibia: Tax measures in budget 2024-2025
Budget for 2024-2025 includes tax-related proposals
March 13, 2024
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Nigeria: Introduction of self-registration module on electronic platform
A public notice on the introduction of a self-registration module on electronic platform issued.
March 12, 2024
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Angola: Revisions to VAT law, including taxation of e-commerce transactions
Law No. 14/23 revises the value added tax (VAT) law
March 6, 2024
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Morocco: VAT on cross-border provision of digital services
Provisions clarifying VAT obligations of nonresident digital services providers effective 1 January 2024
March 4, 2024
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