ANGOLA: Introduction of transfer pricing unit
A transfer pricing unit, set up as an administrative technical
structure forming part of the Large Taxpayers Directorate of the
General Tax Administration, was launched on 25 September 2017 and
will be responsible for monitoring compliance with Angola's
transfer pricing regime introduced by Presidential Decree No.147/13
of 1 October 2013.
ETHIOPIA: Treaty with Cyprus enters into force
The Cyprus/Ethiopia Income Tax Treaty, 2015 entered into force
on 19 October 2017 and will generally apply from 1 January 2018 in
Cyprus and from 8 July 2018 in Ethiopia.
GHANA: Amended VAT Regulations for the pharmaceutical industry
approved
The Value Added Tax ("VAT")
(Exemption of Active Ingredients, Selected Inputs and Selected
Drugs or Pharmaceuticals) (Amendment) Regulations, 2017 were
approved by parliament on 3 November 2017. In terms of the
Regulations, the 17.5% VAT/National Health Insurance Levy on
selected imported
