ARTICLE · 22 AUGUST 2016

Africa Tax In Brief -16 August 2016

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At its 27th summit recently held in Rwanda, the African Union decided to implement an import tax of 0.2% to be charged on all imports of goods (excluding basic necessities) in each member state.

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African Union: Import tax introduced

At its 27th summit recently held in Rwanda, the African Union ("AU") decided to implement an import tax of 0.2% to be charged on all imports of goods (excluding basic necessities) in each member state. It is expected that EUR1-billion will be collected through this tax, making the AU financially autonomous. Morocco, the only African country currently not a member of the AU, is in the process of being reintegrated into the AU.

Angola: Inclusive framework for implementing measures against BEPS joined

Angola joined the inclusive framework for the global implementation of the Organisation for Economic Co-operation and Development's ("OECD's") Base Erosion and Profit Shifting ("BEPS") Project on 7 July 2016.

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