Welcome to Africa’s legal blog

Never miss a beat on Africa's legal and regulatory landscape.

Webber Wentzel

Tax consequences of riot insurance payments | Tax Chronicles

​Businesses that are able to claim from the South African Special Risks Insurance Association (Sasria) for damage to premises or equipment from the July 2021 unrest need to be aware of the tax implications of ..

Read More
Udo Udoma & Belo-Osagie

Finance Act 2021 – Major Highlights

The Finance Act 2021 (“FA 2021”) was signed by President Muhammadu Buhari on the 31st of December 2021 and took effect on the 1st of January 2022. The primary objective of the Act is to implement the 2022 Federal Budget of Economic Growth a..

Read More
AVM Legal Network

Legal Regime of the Tax Identification Number

The Presidential Decree nr. 245/21, of October 4, regarding the Legal Regime of the Tax Identification Number, currently in force, aims, among others, to broaden the taxpayer base, establishing the procedures regarding the attribution, comp..

Read More
Vieira de Almeida

Angola: Proposal for the 2022 General State Budget Law

lt has recently been made available the Proposal for the 2022 General State Budget Law ("State Budget Proposal"). Among the proposed measures the following are to be highlighted:

Read More
PLMJ

50% reduction in the VAT rate for products of the basic food basket

The Angolan Draft General State Budget for 2022 was approved at a meeting of the Council of
Ministers on 28 October. Among other provisions, it introduces a change to Value Added Tax (VAT) that is intended to boost the purchasing power ..

Read More
ENSafrica

Carbon Tax: Summary of selected recent developments

The Carbon Tax Act is a relatively recent piece of legislation having been passed into law with effect from 1 June 2019. It is likely that the pace of legislative amendments and administrative guidance will remain strong in the foreseeable ..

Read More
MMAN Advocates

Highlights of proposed changes to the Tax Appeals Tribunal Act

The Tax Appeals Tribunal (Amendment) Bill, 2021[1] (hereinafter, “the Bill”) proposes a raft of changes to the Tax Appeals Tribunal Act, 2013 (hereinafter, “the TAT Act”). The amendments are geared towards handing over the stewardship of th..

Read More
ENSafrica

SCA decision in CSARS v Spur Group (Pty) Ltd

Taxpayers who have made contributions to, in particular, share incentive trusts and claimed a deduction under section 11(a) of the Income Tax Act, 1962 (“the Act”) on the basis that such payment was, inter alia, aimed at creating a “happy a..

Read More
FB Attorneys

Various Tax Regulations Issued

  • Remission of Interest and Penalties Regulations revoked
  • VAT General Regulations amended
  • VAT Exemption Management Procedures Regulations promulgated

 

Read More
1 2
Subscribe to our newsletter