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
South Africa Considers Taxing Foreign Pension Benefits. A proposal to withdraw the long-standing tax exemption on foreign retirement income for South African tax residents has triggered major concern among tax …
South Africa Considers Taxing Foreign Pension Benefits, Stakeholders Warn of Fallout Read More
Nigeria’s Capital Gains Tax Reform. Recently, investors have expressed growing frustration after a recent virtual engagement with Taiwo Oyedele, Chairman of Nigeria’s Presidential Committee on Fiscal Policy and Tax Reforms. …
Nigeria’s Capital Gains Tax Reform Sparks Concern Among Foreign Investors Read More
Nigeria is set to triple the Capital Gains Tax (CGT) on profits earned by foreign investors trading in local equities — from 10% to 30%, effective January 2026. The new …
Nigeria to Raise Capital Gains Tax on Foreign Equity Investors to 30% by 2026 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 Faces 30% U.S. Tariff as Trade Tensions Escalate. South African exports to the United States will now face a steep 30% tariff, effective August 7, 2025, following a …
South Africa Faces 30% U.S. Tariff as Trade Tensions Escalate 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