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Africa tax in brief

South Africa

This briefing includes an update on tax issues in Namibia, Nigeria, Rwanda and Zambia. Taxand South Africa takes a look at the developments in these jursidictions.

Namibia: Large Taxpayers’ Office launched

The Large Taxpaer's Office is planning to introduce specialised units focusing on mining taxation, transfer pricing and thin capitalisation.

Nigeria: Non-resident companies to file tax returns with audited financial statements

The Federal Inland Revenue Service announced that the income tax returns filed by foreign companies doing business in Nigeria will no longer be accepted unless accompanied with audited financial statements.

Rwanda: New double tax agreement with Mauritius in operation

The provisions of the new treaty shall apply in Rwanda in respect of any year of income commencing on or after 1 January 2013 and in Mauritius in respect of any period commencing on or after 1 July 2013.

Zambia: Tax rules on copper exports to be relaxed

The Zambian government announced on 26 August 2014 that it intends to ease the tax rules on copper exports by scrapping the requirement that copper mining companies are to present import certificates from destination countries.

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Celia Becker
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Also published in Thomson Reuters' Taxnet Pro

Taxand's Take

Corporations operating or with these countries should take note and amend tax policy as appropriate.

Taxand's Take Author

Celia Becker
South Africa
Sub-Saharan Africa

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