Kagame Proposes Church Tax. Rwandan President Paul Kagame has announced the possibility of imposing a tax on church collections, a move aimed at curbing the exploitative practices of certain evangelical leaders. In…
Assessing the Impact of the 70% Tax on Banks’ FX Gains: A Call for Reconsideration and Stakeholder Collaboration
Assessing the Impact of the 70% Tax on Banks’ FX Gains: A Call for Reconsideration and Stakeholder Collaboration. The recent introduction of a 70% tax on banks’ foreign exchange (FX) gains under…
World Bank Warns of Revenue Loss in Ghana Due to Excessive Tax Exemptions
World Bank Warns of Revenue Loss in Ghana. The World Bank has expressed serious concerns about the detrimental effects of tax exemptions on Ghana’s ability to generate revenue. The institution highlighted that…
Zimra Considers Tough Tax Penalties to Recover Overdue Debts Amid Economic Stability
Zimra Considers Tough Tax Penalties. The Zimbabwe Revenue Authority (Zimra) is exploring the implementation of strict tax penalties aimed at pressuring both public and private entities to settle large amounts of overdue…
Review of 70% Windfall Tax on Banks- Nigerian Bank Directors
Review of 70% Windfall Tax on Banks. Bank directors in Nigeria have called on the National Assembly to revisit the recently imposed 70% windfall tax on commercial banks, urging lawmakers to engage…
South Africa to Enforce VAT on Low-Value E-Commerce Imports
South Africa to Enforce VAT on Low-Value E-Commerce Imports. South Africa’s tax authority has announced that importers of low-value parcels destined for the country will soon be required to pay value-added tax…
[VIDEO] Implication of Global Minimum Tax on Economic Activity in Nigeria
Implication of Global Minimum Tax on Economic Activity in Nigeria. As the world moves towards establishing a global minimum tax rate of 15%, Nigeria faces a crossroads with potential impacts on foreign direct investment (FDI), tax…
Tax Benefits for Startups in Nigeria: What You Need to Know
Tax Benefits for Startups in Nigeria: What You Need to Know. Starting a business in Nigeria has numerous challenges, but the Nigerian government provides various tax incentives to support startups. These benefits…
Nigeria Exempts VAT on CNG Products, Pharmaceuticals, Imported Food Items to Boost Economy
Nigeria Exempts VAT on CNG Products, Pharmaceuticals, Imported Food Items to Boost Economy. The Nigerian federal government has announced a significant exemption from Value Added Tax (VAT) on Compressed Natural Gas (CNG)…
Tanzania to Reform VAT on Clean Cooking Appliances to Boost National Strategy
Tanzania to Reform VAT on Clean Cooking Appliances to Boost National Strategy. The Tanzanian Ministry of Finance has committed to continuing its reforms on Value Added Tax (VAT) for clean cooking appliances…