Understanding the Arm’s Length Principle. Have you ever wondered how global giants like Google, Apple, and GlaxoSmithKline manage their taxes across different countries? The answer lies in the Arm’s Length Principle (ALP),…
Author: Jeremiah Amosu
South Africa Plans Major VAT Changes to Ease Financial Pressure on Households
South Africa Plans Major VAT Changes. President Cyril Ramaphosa has unveiled a significant plan to expand the list of food items exempt from value-added tax (VAT) in an effort to alleviate the…
Ghana Has 7.9 Million Taxpayers Registered, Only 1.5 Million Pay
Ghana Has 7.9 Million Taxpayers Registered, Only 1.5 Million Pay Tax. The Ministry of Finance in Ghana has recently revealed that of the 7.9 million registered taxpayers in Ghana, only about 1.5…
Kenya Announces Reforms for Ksh 400B VAT Refunds to Enhance Accountability
Kenya Announces Reforms for Ksh 400B VAT Refunds. In a significant policy shift aimed at improving the transparency and accountability of public resource management, President William Ruto announced on recently announced new…
Tax Clearance Now Compulsory For Housing Transactions In Lagos
Tax Clearance Now Compulsory For Housing Transactions In Lagos. The Lagos State Government has mandated tax clearance for all housing transactions. To stop fraud and protect allottees, the Sanwo-Olu-led administration has made…
Nigeria: Kano Market Unions Pocket Cattle Tax
Nigeria: Kano Market Unions Pocket Cattle Tax. Market unions in Kano state impose a ₦500 weekly levy on individual cattle but end up remitting nothing to the state government. Investigations have revealed…
IMF Advices Kenya on the Best Tax Approach
IMF Advices Kenya on the Best Tax Approach. In a significant move following the recent political shake-up in Kenya, the International Monetary Fund (IMF) has called on the government to engage citizens…
213 Tax Waiver Applications in Nigeria Still Pending Five Years Later
213 Tax Waiver Applications in Nigeria Still Pending Five Years Later. The applications for tax waivers submitted by 213 companies pending for five years after the Nigerian Investment Promotion Commission received them….
Nigeria to Impose 50% Tax on Banks’ FX Gains Under Amended 2023 Finance Act
Nigeria to Impose 50% Tax on Banks’ FX Gains. In a move to bolster national infrastructure and public services, the federal government has proposed a 50% tax on profits realized by banks…
Real Estate Stakeholders in Ghana Oppose 17.5% VAT
Real Estate Stakeholders in Ghana Oppose 17.5% VAT. Stakeholders in Ghana’s Real Estate Sector in a recent communique kicked against the imposition of a 17.5 % Value Added Tax, VAT on the…