Cameroon: Senate approves tax treaty with Czech Republic
The Cameroon Senate has approved the law to ratify the income tax treaty with the Czech Republic on 8 April 2025. The agreement was signed by Cameroon by the Minister of Finance, MINFI, Louis Paul Motaze and Czech Republic Ambassador to Cameroon
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UAE: Tax Authority issues guide on interest deduction limitations
The UAE Federal Tax Authority (FTA) issued a corporate tax guide (CTGIDL1) on 7 April 2025, outlining the rules for interest deduction limitations. The guide clarifies how businesses should calculate interest expenditures when determining taxable
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Cameroon: Senate approves tax treaty with China
Cameroon’s Senate has approved the ratification of the income tax treaty with China on 8 April 2025. Signed on 17 October 2023, this treaty is the first of its kind between the two nations and aims to eliminate double taxation on income and
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South Africa: Parliament approves 2025 budget with controversial VAT hike
South Africa’s parliament approved the 2025 budget which was presented by Finance Minister Enoch Godongwana on Wednesday, 2 April 2025, despite strong opposition to a controversial increase in value-added tax (VAT). To address government
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Angola set to launch e-invoicing
Angola’s Government announced plans to implement e-invoicing through Presidential Decree No. 71/25, published on 20 March 2025. The Decree sets the Legal Framework for Tax Invoices for resident taxpayers in Angola. It replaces the previous
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Saudi Arabia: ZATCA urges taxpayers to benefit from fines cancellation initiative until June 2025
The Saudi Zakat, Tax and Customs Authority (ZATCA) has urged all taxpayers to leverage from the “Cancellation of Fines and Exemption of Penalties Initiative" which ends on 30 June 2025. This announcement was made by ZATCA on 6 April
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Algeria clarifies flat-rate tax regime measures under 2025 Finance Law
Algeria’s National Tax Administration (NTA) announced new measures on 31 March 2025 affecting the Unique Flat-Rate Tax (IFU) regime under the 2025 Finance Law. These amendments will enhance tax compliance while streamlining the IFU regime. The
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Angola ratifies tax treaty with Rwanda
Angola’s President, Joao Lourenco, has signed Ratification Letter No. 1/25 and published it in the Official Gazette on 31 March 2025, ratifying the income tax treaty with Rwanda. Signed on 15 April 2022, it is the first treaty between the two
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Nigeria lifts import duty, VAT on pharma raw materials
The Nigeria Customs Service in a press release on X on 26 March 2025 announced that a two-year exemption from import duty and VAT will apply to raw materials used in pharmaceutical production. This benefit is limited to pharmaceutical manufacturers
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South Africa raises eligibility for carbon offset allowances in updated tax regulations
The South African National Treasury has updated the Carbon Offset Regulations under Section 19(c) of the Carbon Tax Act, 2019, on 14 March 2025. The amendments raise the eligibility threshold for energy projects qualifying for carbon offset
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Turkey opens corporate tax filing period for 2024
Turkey’s Revenue Administration has opened the corporate income tax filing period for the 2024 fiscal year. Corporate taxpayers must file their returns electronically via the Digital Tax Office between 1 and 30 April 2025. This announcement
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Ghana: Parliament passes 2025 budget measures
Ghana's Ministry of Finance announced that the Parliament approved several 2025 Budget measures on 26 March 2025. The passage of these bills marks a major leap for economic reform and a significant step in fulfilling the government’s commitment
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Namibia announces tax proposals in 2025-26 budget
Namibia’s Ministry of Finance unveiled the 2025-26 budget on 27 March 2025, outlining several tax proposals, including corporate tax reductions, VAT changes, and higher excise duties. Namibia’s national budget has risen to NAD 106.3 billion,
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South Africa: SARS updates guidance on capital gains
The South African Revenue Service (SARS) has released updated guidance on capital gains tax (CGT) for individuals and businesses on 18 March 2025. This guide provides a basic introduction to capital gains tax (CGT) for companies as defined in
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Saudi Arabia: ZATCA announces criteria for 22nd wave of e-invoicing compliance
The Saudi Zakat, Tax, and Customs Authority (ZATCA) announced on 21 March 2025 the criteria for the 22nd group of taxpayers required to comply with the second phase of the electronic invoicing (e-invoicing) system which includes all taxpayers
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Turkey: Ministry of Treasury and Finance issues guidance on tax deferral, instalment plans
The Turkish Ministry of Treasury and Finance has issued a guide explaining how taxpayers can defer or pay their tax debts in installments under Law No. 6183. This guide details eligibility criteria, application steps, required documents, interest
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Norway: Parliament approves amending protocol to tax treaty with Qatar
Norway’s parliament approved the amending protocol to the 2009 income tax treaty with Qatar on 25 March 2025. The protocol, signed on 4 September 2024, is the first amendment to the agreement. It will take effect 30 days after ratification
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Sweden clarifies scope of MFN clause in tax treaty with South Africa
The Swedish Tax Agency released updated guidance on the application of the Most-Favoured-Nation (MFN) clause in the 1995 tax treaty with South Africa on 18 March 2025. According to updated guidance, The Swedish Tax Agency has stated that the MFN
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