Country |
Topic |
|
Ghana |
National Fiscal Stabilisation Levy due |
The National Fiscal Stabilisation Levy ("NFSL") Act,
2013 (Act 862) which was gazetted on 15 July 2013, requires certain
entities to pay 5% of their profit before tax as a NFSL levy on a
quarterly basis. |
Ghana |
Potential waiver for handset import tax |
In terms of the Customs and Excise (Duties and Other Taxes)
Amendment Act, gazetted in September 2013, a 20% import duty is to
be levied on telephone sets, including mobile, cellular and
satellite phones. |
Kenya |
VAT exemption for fresh milk |
Since the implementation of the Kenya VAT Act at the beginning
of September, the price of packeted milk has increased
significantly. Traders blame the price increase on the
introduction of 16% VAT. |
Namibia |
Compliance notice to taxpayers |
In a press release published by the Ministry of Finance on 20
September 2013, taxpayers not in good standing with the Receiver of
Revenue are warned to settle their tax accounts within a period of
one month. |
Tanzania |
Business license requirements |
In a General Public Notice of July 2013 the Ministry of Trade
and Industry announced that all business licenses in Tanzania have
to be renewed prior to 31 December 2013 in terms of the Business
Licensing Act No 25 of 1972. |
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.