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Azwinndini Magadani a Partner in the Tax business at SNGGT published the article named 2023 Budget analysis on 23 February 2023.

Angola's tax reform included the adoption of three new laws and a reduction in the corporate income tax rate from 35 to 30 percent.

The Tax Administration Act 28 of 2011 although promulgated, will only come into operation on a date to be determined by the President by proclamation in the Government Gazette.

A number of amendments made at the end of 2016 take effect from 1 March 2017. This includes amendments relating to PAYE.

In February 2021, for the first time in its history, Rwanda enacted a law governing partnerships (law no 0082021 of 16/02/2021) aimed at providing more structuring options for investors intending to use Rwanda as a holding jurisdiction.

Judgment was delivered by Acting Judge of Appeal, Boruchowitz AJA in the Supreme Court of Appeal ("SCA") ((132/11) [2012] ZASCA 61) between the Commissioner for the South African Revenue Service ("Commissioner") and Tradehold Limited ("Tradehold") on 8 May 2012.

The various changes to the so-called debt waiver provisions in section 19 of the South African Income Tax Act, 1962 (the "Act")

The South African Revenue Service (SARS) has just released two publications regarding the revised foreign earnings exemption, namely a draft version of Interpretation Note 16 (Issue 3) ...

East African governments have increased their annual budgets for 2015/16 with more spending directed towards security and key sectors expected to drive growth.

These strategies fall into three broad categories, being spouse transfer, investment and estate freezing.

Auditing firm KPMG has laid out its 2012 Budget Speech wish list for job creation.

In the 2013 Budget Speech, the Minister of Finance announced that restricting the deduction of excessive interest expenditure claimed by taxpayers in debt financing schemes has been on the tax policy agenda for a number of years and accordingly, legislative steps are now being taken to limit the interest deductions claimed by taxpayers in such schemes.

The Tax Administration Bill, 2011, (TAB) which is expected to be enacted later this year contains a permanent Voluntary Disclosure Programme (TAB VDP) which provides relief to non-compliant taxpayers, albeit on less favourable terms than the current VDP under the Voluntary Disclosure Programme and Taxation Laws Second Amendment Act No. 8 of 2010.

The South African regulatory environment governing cross-border financial transactions has recently undergone a dramatic and unexpected overhaul.

The notice was issued in terms of s69 of the Income Tax Act, No 58 of 1962, which section has been superseded by s26 of the Tax Administration Act, No 28 of 2011 (TAA).

Section 24J of the Income Tax Act, 1962 (the "Act") is one of the more complicated sections of the Act.

Since the introduction of dividends tax in 2012, in particular the company to company exemption, taxpayers have employed a number of methods to convert taxable proceeds upon the sale of shares...