AFRICA
Mauritius
VAT Act Section 14 amendment
Recently, Section 14 of the Value Added Tax (VAT) Act has been
amended. Post amendment, individuals owing businesses who are not
registered under VAT are required to account for VAT on services
received from abroad.
Effective date: 2 February 2017
For more information, click here.
Nigeria
Change in the withholding tax rate on payments for
buildings and construction related aspects
The Nigerian Finance Minister issued the amended regulations to
reverse the reduced withholding tax (WHT) rate of 2.5% to the
initial rate of 5% for all aspects of building and construction
related activities.
The new regulations specifically state that all relevant
transactions which were subjected to the 2.5% rate, under the 2015
regulations, should remain valid.
