As more companies invest in sub-Saharan Africa they encounter the uncertainties connected to the tax and legal regulations when extracting profits to be repatriated. But, with Africa fast becoming the alternative to India and China as an attractive location for its low cost labour, taxpayers are advised to keep their structures in line with the region’s developing tax systems.
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The OECD’s project was up for debate as Matt Williams spoke to ITR following BDO’s tax strategist survey, which uncovered increased complexity and costs among multinationals