Global Expansion Updates - November 2018

We are pleased to present the November issue of SKP Global Updates – our newsletter that covers employment, payroll, Goods and Services Tax (GST)/Value Added Tax (VAT) and corporate tax-related developments globally.

The key highlights of this issue are - South Africa Postpones e- Services VAT Changes, New-employer tax credit for paid family and medical leave available for 2018 and 2019 in the United States, New Tax Revenue Portal in Australia and Norway National Budget 2019.

Africa

Kenya

Kenya Publishes Finance Act 2018

Key highlights of the Finance Act 2018 include:

• The definition of dividends has been widened to include a crucial aspect that any amount paid by a company on behalf of its shareholder or a person related to the shareholder will be deemed a dividend.