African Tax Newsalert

The international tax services network provides access to recent tax news and advice on holding company structure, cross border financing and treasury solutions, controlled foreign company planning, profit repatriation, loss utilization, inbound and outbound structuring, managing intellectual property, tax efficient supply chain and shared services. This publication provides updates that affect companies operating in Africa.

April 2013

• South Africa releases draft guidance on thin capitalization

March 2013

• South Africa proposes 15% withholding tax on cross-border service fees, delays introduction of withholding tax on interest

February 2013

• Zambia-Mauritius tax treaty provides new alternatives for investing into Zambia

January 2013

• South Africa delays the withholding tax on interest until July 1, 2013 and increases the rate to 15%
• Tax treaty with South Africa provides new alternatives for structuring investment into Democratic Republic of Congo

September 2012

• South African tax legislation: Key issues for US companies

May 2012

• Ghana amends provisions of Internal Revenue Act

April 2012

• Liberia: Reduced withholding tax rates on mining, petroleum or renewable resource

February 2012

• Highlights of South African 2012 budget speech

January 2012

• Dividends Tax replaces Secondary Tax on April 1, 2012