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Morais Leitão Legal Circle

Angola: The Tax Benefits Code, 21 April

The Tax Benefits Code (TBC) published in the Angolan Official Gazette by Law no. 8/22, of April
14, is the result of a long legislative process resulting from the Draft Law published on 15 September 2020 (available here). The TBC emerges as a unique instrument for the ..

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FB Attorneys

Tax Ombudsman Regulations Issued

To enhance and protect tax payers’ rights against potential abuse by tax officers, in 2019, the Parliament of Tanzania made amendments to the Tax Administration Act of 2015 (the Act) to establish the office of Tax Ombudsman Service (the Service). The office is man..
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N. Dowuona & Company

Electronic Transfer Levy Act, 2022 (Act 1075) to Take Effect in May 2022

The Government of Ghana has passed the Electronic Transfer Levy (E-Levy) Act, which imposes a levy of 1.50% on electronic transfers at the time of transfer. This initiative by the Government is meant to broaden the tax base in the country and generate revenue. 
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Oraro & Co.

Tax Highlights of the Finance Bill, 2022

The Finance Bill, 2022 went through the First Reading on 13 April 2022. We provide below a summary of the proposed amendments the Bill seeks to make to various Tax Laws.

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Bowmans

South Africa: National Budget Speech, 2022 – Highlights

Today, 23 February 2022, South African Finance Minister Enoch Godongwana delivered his inaugural Budget Speech. Due to a growth in tax-revenue, largely thanks to strong commodity prices, the Minister announced several tax relief measures to assist in the country’s economi..

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ENSafrica

Rental Income Tax

Following the Minister of Finance pronouncements in his 2021 budget speech, effective 1 January 2022, rental income now falls under the turnover tax regime with the obligation t..

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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 payouts.

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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 and Sustainability by amending 13..

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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, composition, obligatory mention, use..

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