Kenya has deposited its instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) on 8 January 2025. This follows after Kenya’s National Assembly

The Kenya Sugar Board has released a draft legal notice inviting public feedback on the proposed sugar development levy as outlined in the Sugar Act (Act No. 11 of 2024), which was published in November 2024. The levy, introduced under Section 40

The Kenya Revenue Authority (KRA) has released a public notice informing taxpayers that the Tax Procedures (Amendment) Act 2024 has introduced a tax amnesty on interest, penalties or fines on tax debt for periods up to 31 December 2023. The tax

The South African Revenue Service has released the Taxation Laws Amendment Act 2024 which  introduces a new investment allowance for automotive companies investing in the production capacity for electric and hydrogen-powered vehicles in the

The South African Revenue Service (SARS) has lowered interest rates on outstanding taxes and overpayments, effective as of 7 January 2025.  Interest rates charged in terms of the legislation administered by SARS are split into three main

South Africa published the Global Minimum Tax Act, 2024 (the GMT Act), in the Official Gazette on 24 December 2024. The legislation introduces two main components: an Income Inclusion Rule and a Domestic Minimum Top-up Tax, while notably