With ICT set to become the engine of development in Cameroon in its role as a hub in the Central Africa sub-region, the 2021 tax scheme has been updated to promote innovative ICT start-ups.
The Federal Inland Revenue Service (“FIRS”) recently issued a circular, Value Added Tax (VAT) on Services Rendered by Financial Institutions No: 2021/04 (“the Circular”), to clarify the VAT treatment of services rendered to and by Financial Institutions (“FIs”) in Nigeria.
Apart from SADC and COMESA, Mauritius is now part of the African Continental Free Trade Area (AFCFTA). Launched on 1 January 2021, the African Continental Free Trade Area (AfCFTA) is an exciting game changer for African trade.
There are various spheres to guarantee protection against the tort of “passing off” in Mauritius, which include some provisions of the Civil Code, and other statutes which have been enacted by Parliament in Mauritius.
A re-definition of the term “public character” and its impact on the taxability of Non-governmental organisations in Nigeria
The Federal Inland Revenue Service (“FIRS”) recently issued a Revised Information Circular on the Tax Treatment of Non-Governmental Ogranisations (NGOs), hereafter referred to the as “Revised Information Circular” or “the Circular”.
The African Continental Free Trade Area (AfCFTA) to boost Small and Medium-sized Enterprises (SMEs) in Mozambique
In Mozambique, SMEs play a crucial role in the economic development of the country. They are at the heart and soul of the Mozambican economy. They comprise no less than 98.7% of the market but contribute only 28% to GDP.
The Senegalese legislator has strengthened and finalized the fiscal measures on transfer pricing.
In January 2021 almost seven years after the promulgation of the competition legislation in Mozambique, the Competition Regulatory Authority (CRA) in Mozambique has finally became operational.
The apex regulator of securities in Nigeria, the Securities and Exchange Commission (“SEC”) has issued a circular, with respect to technology investment platforms providing the Nigerian public with access to foreign securities.
The COVID-19 pandemic exposed the importance of moving away from traditional law firm set-up to the NewLaw. The Centurion Plus model which is based on the NewLaw has been the perfect response
With a considerable amount of its population in the diaspora, Nigeria is one of the top three African destinations receiving the largest inflow of foreign remittances at over USD 24 Billion in the last quarter of 2020.
Before the 2021 financial law, the trend for tax Authorities was to collect VAT no matter the location of the beneficiary.