The South African National Treasury published its 2024 Medium Term Budget Policy Statement (MTBPS) On 30 October 2024, which includes key legislative proposals such as the Global Minimum Tax Bill and the Global Minimum Tax Administration Bill. These

The 2024 Taxation Laws Amendment Bill, introduced in South Africa's Parliament, on 30 October 2024, by allowing them to carry forward foreign exchange losses. This change addresses an existing imbalance in the taxation of foreign exchange gains and

The Kenya Revenue Authority has released a public notice regarding the market interest rate applicable to fringe benefit tax and the deemed interest rate for specific non-resident loans for October, November, and December 2024, which has been

South African President, Cyril Ramaphosa, announced that he is considering the introduction of tax rebates or subsidies to encourage local manufacture of electric and hybrid vehicles on Thursday, 17 October 2024. "Consideration must be given to

Jordan’s Cabinet approved signing an income tax treaty with Kenya on 19 October 2024. This treaty, a first between the two nations, will require signing and ratification before it becomes effective. The tax treaty aims to eliminate double

The Kenya Revenue Authority (KRA) Commissioner General (CG) HE Dr Musalia Mudavadi plans to use artificial intelligence (AI), the Internet of things (IoT), big data, and blockchain to improve tax administration, enhance transparency, and tackle tax