With insights from Africa-focused tax advisers from Baker McKenzie and our network of African hub firms, we aim to provide you with regional updates and practical guidance on the tax implications of doing business across the large and diverse African continent. In this special edition of the Baker McKenzie Africa Tax Newsletter, we focus on the most recent tax-related developments in Ethiopia as well as other news and updates from the African region. Ethiopia enacts…
The COVID-19 pandemic continues to have a heavy impact on the global economy. The spread of the virus is constraining the supply and demand for goods and services. As a result, companies are considering the potential cancellation of contracts and the impact on their cash flows. In this special edition of the Middle East Tax Newsletter, we set out the VAT aspects of the potential cancellation of contracts. We also provide suggestions to optimize cash…
The taxation of the digital economy is one of the focus areas of the OECD’s BEPS project, and many countries in the Middle East and Africa are increasingly introducing changes to their tax rules or considering avenues for imposing taxes in relation to digital economy earnings. It is critical for companies to fully understand the local tax regimes across the region and the impact of global developments on the future of taxation of digital services.
2019 has been marked with continued geopolitical uncertainty and market volatility. The projections for and opportunities in 2020 provide a more promising outlook, but there are a number of challenges locally and globally on the horizon, that all companies in the region need to be aware of.
Welcome to our inaugural Baker McKenzie Africa Tax Newsletter. With insights from Africa-focused tax advisers from Baker McKenzie and our network of African hub firms, we aim to provide you with regional updates and practical guidance on the tax implications of doing business across the large and diverse African continent.