UAE: MoF issues new rules on qualifying and excluded activities in free zones
UAE issues Ministerial Decision No. 229 of 2025 on Free Zone corporate tax activities, effective from 1 June 2023. The UAE Ministry of Finance ( MOF) issued Ministerial Decision No. 229 of 2025 on 28 August 2025, which repeals Ministerial
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Iraq, Oman sign tax treaty
Iraq and Oman sign income and capital tax treaty Iraq and Oman signed the income and capital tax treaty on 3 September 2025. The agreement aims to eliminate double taxation and preventing evasion. It will take effect once the ratification
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Oman ratifies income tax treaty with Kazakhstan
Oman ratifies income tax treaty with Kazakhstan. Oman has issued a royal decree for the ratification of the income tax treaty with Kazakhstan on 4 September 2025. Signed on 29 May 2025, the agreement aims to eliminate double taxation and
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Turkey issues general communiqué on corporate tax amendments
Turkey clarifies corporate tax reductions for certified investments in new Communiqué No. 24. The Ministry of Treasury and Finance issued General Communiqué No. 24 on 4 September 2025, amending the General Communiqué on Corporate Tax (No.
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Tanzania: TRA introduces 16% VAT on B2C online payments
The Tanzania Revenue Authority (TRA) has announced that a reduced VAT rate will apply to B2C online purchases made through banks or approved electronic payment platforms, effective 1 September 2025. TRA will implement a new VAT rate of 16%
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Kenya: KRA imposes new cap on carryforward of prior losses
The ruling limits loss carryforwards, applying to losses from 1 July 2025 onward and retrospectively disallowing deductions for losses before the 2020 income year. The Kenya Revenue Authority (KRA) issued a private ruling on 1 September 2025
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Rwanda completes ratification of tax treaty with Nigeria
The tax treaty is the first between the two countries, aiming to prevent double taxation and combat fiscal evasion between Rwanda and Nigeria. Rwanda has published Law No. 020/2025 in the Official Gazette on 28 August 2025, ratifying its
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Oman ratifies income tax treaty with Bahrain
This is the first income tax treaty between the two jurisdictions. The Sultan of Oman issued the royal decree 62/2025 for the ratification of the income tax treaty with Bahrain on 2 September 2025. The treaty, signed on 15 January 2025, is
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Zambia introduces 1% minimum tax, raises withholding tax on government bonds
Zambia’s 2025 tax update introduces a 1% turnover tax and raises government bond withholding tax to 20%. Zambia passed the Income Tax (Amendment) Act 2025 on 8 August 2025, with its publication in the Official Gazette following on 19 August
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Zambia: Supreme Court rules in ZRA v. Nestlé transfer pricing case
Zambia’s Supreme Court upholds ZRA’s transfer pricing audit on Nestlé Zambia, confirming low-risk distributor status and reinstating a ZMW 13.8 million tax assessment. The Supreme Court of Zambia delivered its decision on transfer pricing in
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Nigeria, Singapore IPA enters into force
Nigeria and Singapore first signed the IPA in November 2016. The 2016 Nigeria-Singapore Investment Protection Agreement (IPA) entered into force on 22 August 2025. Signed in November 2016, the agreement will remain valid for 10 years and can
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Botswana: Government proposes imposing VAT on digital services from nonresident providers
The key amendments focused on implementing a reverse-charge mechanism, setting rules for remote services, registration, tax periods, electronic fiscal devices, foreign currency reporting, and VAT representatives. Botswana’s Minister of Finance,
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Algeria launches UNCTAD eTrade Readiness Assessment to strengthen small business growth
Algeria initiated the UNCTAD’s eTrade Readiness Assessment to strengthen small enterprises and advance regional integration. Micro, small and medium-sized enterprises (MSMEs), the backbone of Africa’s economy, continue to face persistent
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UAE: FTA issues guidance on tax group financial reporting, audit rules
Tax Groups are required to prepare Aggregated Financial Statements under Article 3 of Ministerial Decision No. 114 of 2023. This requirement applies to all Tax Periods commencing on or after 1 June 2023. The UAE Federal Tax Authority (FTA)
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Zambia: ZRA advocates compliance through trust-based approach
The ZRA hosted a cooperative compliance conference from 25 to 27 August to promote trust-based initiatives for improved trade facilitation and tax compliance. The Zambia Revenue Authority (ZRA) announced on 27 August 2025 that it is hosting a
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Qatar: General Tax Authority extends submission period for 100% Financial Penalty Exemption Initiative until end of 2025
The extension is in response to the growing interest in benefiting from the initiative, and in line with the Authority’s commitment to supporting taxpayers and enabling them to regularise their status. The General Tax Authority announced the
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Tanzania, Qatar conclude negotiations for DTA
The talks, hosted by the Tanzanian Embassy and Qatar’s General Tax Authority, aimed to prevent double taxation and strengthen measures against tax avoidance and evasion between the two nations. Tanzania and Qatar completed the third round of
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Angola, UAE sign CEPA to strengthen trade
Angola and the UAE signed a CEPA on 25 August 2025 to boost trade, investment, and sectoral cooperation. Angola and the UAE signed a Comprehensive Economic Partnership Agreement (CEPA) on 25 August 2025 in Angola. The agreement aims to reduce
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