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 firms made senior hires in Los Angeles and Cleveland respectively; in other news, South Korea reported an 11% rise in tax income, fuelled by a corporation tax boom
While the manual should be consulted for any questions around MAPs, the OECD’s Sriram Govind also emphasised that the guidance is ‘not a political commitment’
The landmark Indian Supreme Court judgment redefines GAAR, JAAR and treaty safeguards, rejects protections for indirect transfers and tightens conditions for Mauritius‑based investors claiming DTAA relief
As tax teams face pressure from complex rules and manual processes, adopting clear ownership, clean data and adaptable technology is essential, writes Russell Gammon, chief innovation officer at Tax Systems