BOTSWANA
Legislation changes
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Supporting Legislation
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Interesting News
To read the full article, click here Source: Botswana Daily News, article by Pako Lebanna
He believes the bill is a step forward in the country’s drive to increase tax transparency through sharing information with other countries. “It comes at a time when the country amended the Income Tax Act back in 2012 to provide for it to enter into international treaties called Exchange of Tax Information Agreements with other countries,” said Hore.
The bill is expected to allow for enhanced tax transparency and international exchange of tax information, regardless of what other statutes may prescribe
To read the full article, click here
Source: The Voice Business, article by Kabelo Adamson
Legislation changes
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MADAGASCAR
Legislation changes
No changes
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MOZAMBIQUE
Legislation changes
No changes
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NAMIBIA
Legislation changes
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TANZANIA
Legislation Change
With the release of the Finance Act 2020, the Vocational Education and Training Act was amended to decrease the Training Levy Rate (SDL). The Training Levy Rate (SDL) decreased from 4.5% to 4%, effective 1 July 2020. Supporting Legislation Finance Act, 2020 Interesting News
Introduction of Electronic Filing (E-Filing) of Tax Returns in Tanzania by TRA
The Tax Revenue Authority (TRA) in Tanzania has issued directives regarding its newly introduced tax returns filing system from the old manual filing system to an improved electronic filing system (e-filing). This new e-filing system is set to be effective from August 2020. All individuals and entities in Tanzania are required to file their tax returns through the electronic filing system before making any payments. The filing of tax returns is now made through an electronic system, to wit, e-Filing system therefore, users can access the system wherever they are. In order for the user to register into the system, an individual must possess a Tax Identification Number (TIN) that has been registered for business purposes. As for corporate bodies (companies, NGOs, Partnerships etc.), a TIN for the Director or Representative will be required. The e-filer will use the TIN and a generated password as log-in details at all times. Aside from filing tax returns, the e-filing system provides a buffet of tax type assessments for various filed returns and enables users to select the said assessments and make direct payments without login into a separate portal for payment. To read the full article, click here Source: Breakthrough Attorneys
Tanzania’s new Online Content Regulations Tanzania recently published new Online Content Regulations under the Electronic and Postal Communications Act. The Online Content Regulations apply to online content service providers, internet service providers, application services licensees, online content users and any other related online content.
The Online Content Regulations cover: · licence categories · licence application procedure · obligations of online content service providers · online content users and hosts · prohibited content · complaints and penalties
To read the full article, click here
Source: Clyde & Co, Market Insight
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