Friday, June 27, 2008

Double taxation still stalks East Africa

27 June 2008 (Daily Nation)
East African finance ministers announced a number of tax reforms in their budget proposals, but yet again remained silent on the double taxation. The continued absence of double taxation agreements among East African Community member states means that companies with branches in other countries within the region will continue to pay stipulated corporate tax in the country hosting their subsidiaries besides the tax they pay in the country where they are headquartered.

No comments: