This chapter contains an overview of the tax framework within which local and international investors operate in Kenya, including an examination of the free trade agreements in place and how they are enabling more foreign investments. A rundown of the proposed changes to tax laws currently under examination is also included.
This chapter contains a...
Kenya is one of the economic and political heavyweights of East Africa. Despite recent security issues, it is recording strong economic growth and maintaining its leading position in the region. Recent discoveries of new oil, gas and water reserves and a young population give further cause for optimism, and the government is working to put the right policies into place to maximise the country’s potential.
Although 2015 will be recalled as a sensitive year for the Algerian economy, given the ongoing impact that the global drop in oil prices has had on the state budget, no significant increase in taxes has occurred and the Algerian tax system remains oriented around incentives for boosting manufacturing activity.
Many stakeholders have viewed the Voluntary Tax Compliance Programme (Programme de Conformité Fiscale Volontaire, CFV), which has been set up under the provisions of the Supplementary Finance Law 2015, as a tax amnesty. However, these are different matters that should not be conflated. Article 43 of the Supplementary Finance Law allows any...
In conjunction with Mazars, OBG explores the taxation system, examining Algeria’s investor-friendly environment. OBG talks to Samir Hadj Ali, Chartered Accountant and Managing Partner, Mazars, on Algeria’s voluntary tax compliance programme.
Algeria is a country rich in history and situated in a strategically important region. While its past has at times been turbulent, the last decade has been one of relative peace. Economic growth and development has followed, driven primarily by advances in the hydrocarbons sector.
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