The report shares insight about the constantly changing tax environments in Africa that can have a significant impact on business operations.
PwC’s eighth edition of the VAT in Africa Guide shares insight about the changing tax environments in Africa that can have a significant impact on business operations. With the theme: Africa Re-emerging, the publication focuses on the re-emergence of African economies and societies which have been affected by the COVID-19 pandemic.
This edition, which has been compiled by PwC Africa’s indirect tax experts, covers a total of 41 African countries. It is geared towards sharing insight with our clients based on the constantly changing tax environments that can have a significant impact on business operations.
As we continue to monitor regional changes across the continent, we have noted some atypical taxes on certain transaction types. In Ghana, the government has proposed an electronic transactions levy on the value of digital transactions above a daily threshold, and Chad has similarly introduced a tax that applies to transactions carried out such as by electronic means, mobile telephone, telegraph, fax or cash withdrawals.
The continent of Africa has over the last couple of years experienced stability within its political, social and economical environs. With such steadiness, Africa is ranked as one of the continents with accelerating economies.