In conjunction with Deloitte, OBG explores the taxation system, examining Egypt’s investor-friendly environment.
Located at a crossroads between Africa, Asia and Europe, Egypt remains one of the world’s most strategically important countries, as it has been for millennia. Egypt has the third-largest GDP in the Arab world, after oil-rich Saudi Arabia and the UAE. It is considerably more diversified than many economies in the region, with manufacturing and agriculture key contributors, making up 14.5% and 15.7% of GDP, respectively, according to the Central Bank of Egypt, as well as oil and gas extraction.
Articles & Analysis | Kenya's recent tax changes and regulations from The Report: Kenya 2016
Kenya has a broad taxation system covering income taxes, value-added tax (VAT) and Customs and excise duty. These are governed by independent legislations that make provisions for the charge, assessment and collection of the respective taxes. The Kenya Revenue Authority (KRA) has different sections that deal with the above taxes and have...
Articles & Analysis | Modernising Kenya's tax processes from The Report: Kenya 2016
A modern tax framework should make tax systems, processes, methods and laws more convenient to all taxpayers. In the 21st century, modernisation through IT platforms has reduced the number of inconveniences faced by taxpayers in the past.
Interviews & Viewpoints | Gitahi Gachahi, CEO, EY Eastern Africa, on curbing tax avoidance techniques: Viewpoint from The Report: Kenya 2016
The Kenya Income Tax Act requires that transactions carried out between non-resident and resident-related parties be conducted at arm’s length. The act further empowers the commissioner to adjust the returns earned by the resident company from such transactions to reflect returns conducted between independent parties. Until the enactment of...
Senegal’s population of 16m is situated on the Atlantic Coast of West Africa. With robust and sustained annual economic growth at 6% or above since 2014, and a considerable multifaceted investment and reform programme under way, the country is well positioned to see a sustained influx of foreign capital as economic momentum builds. Senegal’s solid macroeconomic performance is underpinned by its relatively strong and long-running status as one of the most stable countries in the region.