On 8 December, the National Assembly received the 2021 Finance Bill (the Bill) for consideration and eventual passage. As a build-on of the 2020 version, the Bill seeks to amend multiple laws such as the; the Capital Gains Act; Stamp Duties Act, Personal Income Tax Act; Companies Income Tax Act; Tertiary Education Trust Fund (Establishment Act) etc.
South African Revenue Service (Sars) Implements New Rules for the Customs and Excise Client Accreditation
The South African Revenue Service (SARS) is established in terms of the South African Revenue Service Act 34 of 1997 as an autonomous agency, which is responsible for administering the South African tax system and customs service. SARS recently implemented new rules under section 64E of the Customs and Excise Act No.91 of 1964 (“the Act”). The old Rules which provided for accredited client status have been repealed in their entirety and replaced by a new set of Rules. This new set of rules became effective on 23 July 2021.
On 3 August 2021, the Central Bank of Nigeria (CBN) issued new guidelines (the Guidelines) with the aim to further regulate and set up a
Mauritius Offers a Plethora of Schemes and Facilities for the Entertainment Industry; Recently Premiered Netflix Film, “resort to Love” Entirely Filmed in Mauritius
Mauritius does not only offer beautiful scenery for film production but offers ‘The Mauritius Film Rebate Scheme’ which is a project of the Economic Development Board (EDB), in association with the Mauritius Film Development Corporation (MFDC).
The apex regulator of banking activities in Nigeria has released new guidelines to further regulate the services provided by mobile money operators (MMOs) in Nigeria (“the new guidelines”).
Investment has played a pivotal role in the economic development of Mozambique. It has been recorded that the country has been one of the ‘fastest-growing economies’ on the African continent for the last two and a half decades wherein it has outdone both regional and global growth averages with its rich oil and gas reserves that
The Mauritian Global Business regime has currently been undergoing various changes designed at enhancing the attractiveness and competitiveness of the Mauritius International Financial Centre (IFC), in line with the Organization for Economic Cooperation and Development (OECD)’s BEPS initiatives.
A considerable amount of literature has been developed on the role of IP rights in the fight against the spread of COVID-19, with much of the focus on how to leverage pre-existing public interest mechanisms to provide quick access to life-saving information.
The Protection of Personal Information Act (POPIA); mandatory appointment of information officer – what you need to know
The main aim of the POPIA is to protect data subjects from security breaches, theft, and discrimination. The POPIA also aligns South Africa’s privacy laws with international standards and international best practices.
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.