Tax First Newsletter

Providing you with informed commentary on current developments in the local tax and business arena.

Our monthly analysis and comments on new law and administrative changes assist business executives to identify developments and trends in law and Inland Revenue practice that might impact their business.

Tax First Newsletter - April 2021

Inter-Africa Trade gets a boost under the African Continental Free Trade Area

The Minister of Finance in his Budget Statement of 17 March 2021 referred to the establishment of the African Continental Free Trade Area (“AfCFTA”). This milestone for the African continent was brokered by the African Union (“AU”) in 2018 and following months of negotiations, launched on 1 January 2021.

The purpose of the Agreement signed by 55 African countries with a combined GDP of US$3.4 trillion is to accelerate intra-African trade and boost Africa’s trading position in the global market by strengthening Africa’s common voice and policy space in global trade negotiations.

Also in this issue:

  • VAT in the Healthcare Industry
  • New Tax Legislation Tracker
  • Tax Calendar: April 2021

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Chantell Husselmann

Chantell Husselmann

Country Senior Partner and Tax Leader, PwC Namibia

Tel: +264 61 284 1327

Johan Nel

Johan Nel

Partner/Director, PwC Namibia

Tel: +264 61 284 1122

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