NEWS: Botswana | Kenya | Madagascar | Mozambique | Namibia | Tanzania

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BOTSWANA

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Interesting News

 Parliament passes Income Tax Amendment Bill The National Assembly on August 6 voted to pass an Income Tax Amendment Bill as presented by the Minister of Finance and Economic Development, Dr Thapelo Matsheka. Members of Parliament from both sides of the political aisle were unanimous in voicing their support for the bill. Having passed through the committee stage, it was put to a vote, where all 50 MPs present elected to pass the bill and none voting against it with 13 other members absent. Dr Matsheka had told the Parliament that the objective of the amendment was to allow the country to meet its international obligations with regard to the effective exchange of tax information and transparency in tax issues.

To read the full article, click here Source: Botswana Daily News, article by Pako Lebanna

 Income tax amendment to help shed ‘tax haven’ tag The amendment of the Income Tax Act is meant to deter tax evasion and money laundering. The bill, published in the government gazette in April, seeks to amend section 5(4) A of the Income Tax Act to make it clear that the country will still be able to share tax information with any other country. According to Jonathan Hore, a tax consultant at Aupracon Tax Specialists, the new bill seeks to make Botswana more transparent. “The amended Income Tax Act will override any law which may provide for secrecy in information sharing when requested by another country,” explained Hore.

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

 KENYA

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MADAGASCAR

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MOZAMBIQUE

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NAMIBIA

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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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