30 July 2008 (Observer)
Payment of tax is an ancient practice entrenched in the economic systems of civilizations. Revenue accrued from tax goes to ensure that the authority concerned meets the demands of its citizens in terms of service delivery.
Wednesday, July 30, 2008
Monday, July 28, 2008
Nigeria: FG Seeks Input Into Tax Policy Document
28 July 2008 (Allafrica.com)
The Federal Government has commenced the process of sensitization and mobilization of the Nigerian populace, in order to collate ideas and perspectives towards fashioning a National Tax Policy that would support the dream of Nigeria becoming one of the top economies by the year 2020
The Federal Government has commenced the process of sensitization and mobilization of the Nigerian populace, in order to collate ideas and perspectives towards fashioning a National Tax Policy that would support the dream of Nigeria becoming one of the top economies by the year 2020
Thursday, July 24, 2008
Zimbabwe: Taxes probe: Zimplats speaks out
24 July 2008 (The Herald)
ZIMBABWE Platinum Holdings Ltd, the number one producer of platinum in the country, on Tuesday played down allegations that it siphoned US$115 million from Zimbabwe in unpaid taxes.
ZIMBABWE Platinum Holdings Ltd, the number one producer of platinum in the country, on Tuesday played down allegations that it siphoned US$115 million from Zimbabwe in unpaid taxes.
Wednesday, July 23, 2008
Treasury chief urges on taxes
23rd July 2008 (The Monitor)
“It’s incumbent upon those who formulate our taxation policies and the pillar of this economy to exercise prudence, fairness in narrowing the often wide gap between the rich and very poor,” said Deputy Secretary to the treasury, Mr Keith Muhakanizi while presenting a key note address at a Uganda Debt Network (UDN) public dialogue held at Hotel Africana Friday July 18.
.
“It’s incumbent upon those who formulate our taxation policies and the pillar of this economy to exercise prudence, fairness in narrowing the often wide gap between the rich and very poor,” said Deputy Secretary to the treasury, Mr Keith Muhakanizi while presenting a key note address at a Uganda Debt Network (UDN) public dialogue held at Hotel Africana Friday July 18.
.
Tuesday, July 22, 2008
Namibia: Govt Explains VAT-Free Rating
22 July 2008 (Allafrica.com)
The Ministry of Finance says the VAT exemption of certain basic food items will not apply to prepared foods that contain these ingredients. The products that will be tax free from August 1 are fresh and dried beans (excluding canned and frozen beans), sunflower cooking oil, processed animal fat (lard), bread, and bread and cake flour (sifted and unsifted).
The Ministry of Finance says the VAT exemption of certain basic food items will not apply to prepared foods that contain these ingredients. The products that will be tax free from August 1 are fresh and dried beans (excluding canned and frozen beans), sunflower cooking oil, processed animal fat (lard), bread, and bread and cake flour (sifted and unsifted).
Namibia: Zero Tax to Be Effected in August
22 July 2008 (Allafrica.com)
Beginning 1 August, 2008, consumers will pay less on selected basic food items; more than a month after President Hifikepunye Pohamba directed an amendment to the VAT Bill.
Beginning 1 August, 2008, consumers will pay less on selected basic food items; more than a month after President Hifikepunye Pohamba directed an amendment to the VAT Bill.
Namibia: Govt Explains VAT-Free Rating
22 July 2008 (Allafrica.com)
The Ministry of Finance says the VAT exemption of certain basic food items will not apply to prepared foods that contain these ingredients. The products that will be tax free from August 1 are fresh and dried beans (excluding canned and frozen beans), sunflower cooking oil, processed animal fat (lard), bread, and bread and cake flour (sifted and unsifted).
The Ministry of Finance says the VAT exemption of certain basic food items will not apply to prepared foods that contain these ingredients. The products that will be tax free from August 1 are fresh and dried beans (excluding canned and frozen beans), sunflower cooking oil, processed animal fat (lard), bread, and bread and cake flour (sifted and unsifted).
Monday, July 21, 2008
Uganda: Kacita Complains of High Tax Burden amidst Narrow Base
21 July 2008 (Allafrica.com)
THE finance ministry has failed to widen the tax base but has increased the tax burden, Issa Ssekitto, the Kampala City Traders Association's (KACITA) spokesman, has said. Referring to the new local service tax, he said:" It is just a duplication of Pay As You Earn and income tax but won't increase tax revenue
THE finance ministry has failed to widen the tax base but has increased the tax burden, Issa Ssekitto, the Kampala City Traders Association's (KACITA) spokesman, has said. Referring to the new local service tax, he said:" It is just a duplication of Pay As You Earn and income tax but won't increase tax revenue
Friday, July 18, 2008
Rwanda: Paying Taxes for Economic Independence
18 July 2008 (Allafrica.com)
President Paul Kagame has urged tax payers to be more compliant, as it is the only way for Rwanda to be economically independent. Kagame was speaking at the 7th Taxpayers' Day, during which Rwanda Revenue Authority (RRA) also celebrated its 10th anniversary.
President Paul Kagame has urged tax payers to be more compliant, as it is the only way for Rwanda to be economically independent. Kagame was speaking at the 7th Taxpayers' Day, during which Rwanda Revenue Authority (RRA) also celebrated its 10th anniversary.
Nigeria: NNPC Rejects Tax Exemption for NLNG Contractors
18th July 2008 (Leadership Nigeria)
The House of Representatives Committee on Gas has expressed deep concern over the attitude of Nigerian Agip Oil Company Limited (NAOC) for its poor response to the efforts to amend the Nigeria Liquefied Natural Gas (NLNG) fiscal incentives, guarantees and assurances Act by the House
The House of Representatives Committee on Gas has expressed deep concern over the attitude of Nigerian Agip Oil Company Limited (NAOC) for its poor response to the efforts to amend the Nigeria Liquefied Natural Gas (NLNG) fiscal incentives, guarantees and assurances Act by the House
Thursday, July 17, 2008
Nigeria: Citizens to Pay More Tax
17th July 2008 (Allafrica.com)
If the proposed National Tax Policy scales through, Nigerians are to pay more of Value Added Tax and Customs Duties. A highlight of the draft document made available to Daily Trust suggests a low Companies Income Tax and Personal Income Tax, while jerking up the Value Added Tax (VAT).
If the proposed National Tax Policy scales through, Nigerians are to pay more of Value Added Tax and Customs Duties. A highlight of the draft document made available to Daily Trust suggests a low Companies Income Tax and Personal Income Tax, while jerking up the Value Added Tax (VAT).
Wednesday, July 16, 2008
Sierra Leone: Why Tax?
16th July 2008 (Allafrica.com)
What is tax?
Why should we pay tax?
What is the essence of tax? These are some of the numerous questions, frequently asked by many people especially during the just concluded local council elections although there was a time when it was politically twisted for political supremacy by the two political parties, some comment negatively whiles the other party comment on it negatively.
What is tax?
Why should we pay tax?
What is the essence of tax? These are some of the numerous questions, frequently asked by many people especially during the just concluded local council elections although there was a time when it was politically twisted for political supremacy by the two political parties, some comment negatively whiles the other party comment on it negatively.
Tuesday, July 15, 2008
Copper Mining in Zambia
July 2008 (Institute of Security Studies)
The last four years have seen a surge in mining activities throughout sub-Saharan Africa, partly in response to policies of economic liberalisation, privatisation and favourable conditions for foreign investment. The renewed interest in mining activities comes as a result of a boom in commodity prices occasioned by increased demand from China and India. Thus, foreign investors have arrived on the scene to either buy former state mining companies, now privatised, or to start new mining companies, often protected by favourable mining policies and legislation (Campbell 2004).
The last four years have seen a surge in mining activities throughout sub-Saharan Africa, partly in response to policies of economic liberalisation, privatisation and favourable conditions for foreign investment. The renewed interest in mining activities comes as a result of a boom in commodity prices occasioned by increased demand from China and India. Thus, foreign investors have arrived on the scene to either buy former state mining companies, now privatised, or to start new mining companies, often protected by favourable mining policies and legislation (Campbell 2004).
Monday, July 14, 2008
Tanzania: Company Wins Reprieve on Tax
14 July 2008 (The Citizen)
Oil marketing company TIOT got a temporal tax relief after the Tax Revenue Appeals Board issued an order allowing it to deposit a half of Sh900 million demanded by Tanzania Revenue Authority. TRA has been engaged in the tax row with TIOT since 2003 after a tax assessment at its office in Tanga that found out that the oil company had a tax liability of slightly over Sh901 million
Oil marketing company TIOT got a temporal tax relief after the Tax Revenue Appeals Board issued an order allowing it to deposit a half of Sh900 million demanded by Tanzania Revenue Authority. TRA has been engaged in the tax row with TIOT since 2003 after a tax assessment at its office in Tanga that found out that the oil company had a tax liability of slightly over Sh901 million
Kenya: MPs Willing to Pay Taxes, Says Kalonzo
14 July 2008 (East African Standard)
Vice President Kalonzo Musyoka has re-ignited the debate of taxing allowances of members of Parliament, saying the MPs were willing to pay taxes. "All of us in Parliament are willing to be taxpayers," Mr Musyoka said yesterday. "We have to lead from the front. That's what the 10th Parliament intends to do." The vice president was speaking at KICC at the launch of a new logo and ISO certification award for the Kenya Revenue Authority.
Vice President Kalonzo Musyoka has re-ignited the debate of taxing allowances of members of Parliament, saying the MPs were willing to pay taxes. "All of us in Parliament are willing to be taxpayers," Mr Musyoka said yesterday. "We have to lead from the front. That's what the 10th Parliament intends to do." The vice president was speaking at KICC at the launch of a new logo and ISO certification award for the Kenya Revenue Authority.
Thursday, July 10, 2008
Tanzania: MPs May Debate Bomani Mining Review Proposals
10th July 2008 (Daily)
A report by the Bomani Commission, which was appointed last year by President Jakaya Kikwete to review the mining sector, may be tabled for discussion in parliament before the end of the current session. This follows pressure from members of parliament who have been lobbying to have the report's recommendations debated in the House among other issues, including the government's mining contracts, policy and laws.
A report by the Bomani Commission, which was appointed last year by President Jakaya Kikwete to review the mining sector, may be tabled for discussion in parliament before the end of the current session. This follows pressure from members of parliament who have been lobbying to have the report's recommendations debated in the House among other issues, including the government's mining contracts, policy and laws.
Wednesday, July 9, 2008
Tanzania: No Tax Holidays, Report Says
July 09 2008 (Daily News)
THE President's Committee on the Mining Sector has advised the government to stop throwing away the country's riches in lavish tax exemptions, saying the investors don't need any such coaxing. Instead, the Committee recommends increased royalties based on gross rather net-back values, which often suffer from under-declarations and other ways employed to evade tax.
THE President's Committee on the Mining Sector has advised the government to stop throwing away the country's riches in lavish tax exemptions, saying the investors don't need any such coaxing. Instead, the Committee recommends increased royalties based on gross rather net-back values, which often suffer from under-declarations and other ways employed to evade tax.
Tuesday, July 8, 2008
Kenya: Taxman Surpasses Target by Sh9.2 Billion
8 July 2008 (Daily Nation)
Kenya Revenue Authority collected Sh118.4 billion between April and June to bring the total collection for the year ended June to Sh433.9 billion, surpassing the 2007/2008 financial year target by Sh9.2 billion. KRA Commissioner-General Michael Waweru addresses the press at Times Towers during Monday's announcement of the revenue performance report for the period between July 2007 and June 2008.
Kenya Revenue Authority collected Sh118.4 billion between April and June to bring the total collection for the year ended June to Sh433.9 billion, surpassing the 2007/2008 financial year target by Sh9.2 billion. KRA Commissioner-General Michael Waweru addresses the press at Times Towers during Monday's announcement of the revenue performance report for the period between July 2007 and June 2008.
Subscribe to:
Posts (Atom)