Most Read Contributor in South Africa, September 2016
LESOTHO: Revenue Authority issues notices on customs procedures
The Lesotho Revenue Authority ("LRA")
published notices on its website regarding changes to commercial
procedures and processes at the ports of entry/exit for customs
purposes, including the introduction of computerized declarations
and documentation, simplified procedures and advanced clearance.
The procedures are to be introduced with effect from 22 August 2015
at entry/exit points in the Maseru region.
LRA Customs will also introduce a new customs procedures system
(ASYCUDAWorld) in Maseru on 22 August 2015. Clearing agents and
self-declarants need to register on the system in order to clear
MAURITIUS: New tax objections procedures introduced
The Mauritius Revenue Authority on 1 July 2015 launched
E-objection, a dedicated platform allowing for the electronic
filing of objections against tax assessments in terms of the Income
Tax Act, Value Added Tax Act, Environment Protection Act, Gambling
Regulatory Authority Act, Customs Act, Excise Act and Customs
New tax objection guidelines also became effective as of 1 July
2015. Guidance is provided in respect of instances where an amount
equal to 10% of the tax assessment is to be paid in order for the
objection to be valid, as well as possible methods of payment of
the 10% of the tax assessment and the conditions under which a bank
guarantee may be provided should the taxpayer be unable to pay 10%
of the tax assessment because of cash flow issues.
NIGERIA: Taxability of Educational Institutions
The Lagos Tax Appeal Tribunal ("TAT")
ruled on 29 July 2015 in the case of American International
School of Lagos versus the Federal Inland Revenue Service that
an educational institution rendering services of a public
character, regardless of whether their services are affordable to
the general public, is exempt from companies income tax
("CIT") and tertiary education tax
TANZANIA: Notification of VAT input credit
The Tanzania Revenue Authority
("TRA") recently released new VAT
Regulations (2015), in terms of which any taxpayer carrying forward
a VAT input tax credit from 30 June 2015 (under the previous VAT
legislation), was required to submit a notification of such credit
in the prescribed form to the TRA by no later than 31 July
Following the approval from the TRA, the brought forward input
tax credit can either be offset against tax payable or applied to
be refunded subject to the conditions stipulated in the new VAT
ZAMBIA: Treaty between United Kingdom and Zambia enters into
The expansion of the West African regional market to foreign investors, and the search for emerging markets has led to a continuous increase in business mobility and cross border investments with Nigeria.
Effective collaboration amongst government agencies, automation of processes and capacity building by tax authorities have always been identified by stakeholders as strategies for achieving an efficient tax system.
The major objective of the waiver is to promote voluntary compliance and consequently generate revenue for government which otherwise, could have been lost.
Some comments from our readers… “The articles are extremely timely and highly applicable” “I often find critical information not available elsewhere” “As in-house counsel, Mondaq’s service is of great value”
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).