Tax updates across Africa, simplified
Nigeria Enforces 10% Withholding Tax on Short-Term Investment Interest. The Federal Inland Revenue Service (FIRS) has directed banks, stockbrokers, and financial institutions to begin deducting a 10% withholding tax (WHT) …
Nigeria Enforces 10% Withholding Tax on Short-Term Investment Interest Read More
The Federal Inland Revenue Service (FIRS) has issued a stern directive to banks, discount houses, stockbrokers, bond issuers, market makers, and government agencies, mandating strict compliance with withholding tax rules …
Nigeria: Banks and Agencies to Enforce Withholding Tax on Short-Term Securities Read More
South Africa Enhances Tax Accessibility with Sign Language Services. The South African Revenue Service (SARS) has announced the availability of South African Sign Language (SASL) interpreters at selected branches, reinforcing …
South Africa Enhances Tax Accessibility with Sign Language Services Read More
Kenya Approves Tax Exemptions for Disaster Relief Items. In a decisive move to enhance emergency preparedness, Kenya’s National Assembly has approved amendments to the National Disaster Risk Management Bill, introducing …
Kenya Approves Tax Exemptions for Disaster Relief Items Read More
Nigeria Crosses Mid-Year Tax Milestone. Nigeria has recorded a remarkable leap in tax revenue collection for the first half of 2025, exceeding half of its annual target despite challenges in …
Nigeria Crosses Mid-Year Tax Milestone, Hits Over ₦14 Trillion in Revenue Read More
Nigeria Moves to Strengthen Tax Compliance Through Strategic Agency Synergy. In a renewed effort to enhance Nigeria’s tax system, the Federal Inland Revenue Service (FIRS) and the Office of the …
Nigeria Moves to Strengthen Tax Compliance Through Strategic Agency Synergy Read More
Nigeria: FIRS Set to Evolve Under New Tax Laws. The International Monetary Fund (IMF) has reaffirmed its commitment to supporting Nigeria’s tax reform journey through the Federal Inland Revenue Service …
Nigeria: FIRS Set to Evolve Under New Tax Laws with IMF’s Continued Partnership Read More
Nigeria Banks Resume International Transactions on Naira Cards. In a move that reflects growing confidence in Nigeria’s foreign exchange reforms and broader fiscal environment, Nigerian banks have resumed international transactions …
Nigeria Banks Resume International Transactions on Naira Cards Amid Renewed FX Stability Read More
South Africa Moves to Impose Chrome Export Tax. The South African government’s proposed export tax on chrome ore is generating concern across the mining sector, with industry representatives warning of …
South Africa Moves to Impose Chrome Export Tax Amid Job Loss Warnings Read More
Nigeria: IMF Endorses New Tax Law. Following the signing into law of the Nigerian Tax Law last week, the International Monetary Fund (IMF) expressed support for Nigeria’s sweeping tax reforms, …
Nigeria: IMF Endorses New Tax Law, Flags Delay in Revenue Impact Read More