South Africa

South Africa raises VAT to 15% April 2018

February 21st, 2018

South Africa today announced an increase in its VAT rate from 14% to 15% on 1 April 2018. This is the first increase in 25 years since the ending of apartheid in the country. Growth in the country has been slowing for a number of years, and the government deficit opening up to 4.3% in …


Ghana

Ghana to raise VAT to 17%

February 17th, 2018

Ghana has proposed a Value Added Tax rate increase of 2% to 17%. The rate was last increased from 12.5% to the current 15% in  January 2014. Last year, the government introduced a 3% flat rate for small companies.


South Sudan

South Sudan Sales Tax rise

December 14th, 2017

South Sudan has proposed raising its Sales Tax levy from 18% to 20%. Sales Tax applies to domestically produced goods, hotel and accommodation services and imports. It was raised from 15% to 18% earlier in 2017.


Ghana

Ghana VAT Split Payments

November 26th, 2017

Ghana is the latest country to propose Split Payments on VAT transactions in an attempt to limit fraud. Split payments involve the payment by customers of the VAT element of the consideration directly to the government – instead of to the vendor.  It has already been adopted in Italy and Austria. The European Union is …


South Africa

South African VAT on digital services

November 9th, 2017

In June 2014, South Africa made income earned by non-resident providers of electronic services to consumers liable to Value Added Tax. Electronic services liable to South African VAT South Africa includes the following services in its definition of e-services: Online gaming and games of change Internet-based auctions Online journals, blogs, newspapers, social media, webcasts, apps …


Ghana

Ghana VAT e-cash register

October 27th, 2017

Ghana has introduced mandatory ‘Fiscal Electronic Devices’ (FED) for the recording of secure VAT transactions.  These are similar to e-cash registers, which live report to tax authorities cash payments in the retail, restaurant and other services sectors.  The aim is to reduce the incidence of VAT avoidance by non or partial recording of cash payments. …


Nigeria

Nigeria 15% Luxury VAT

April 9th, 2017

Nigeria has proposed the introduction of new luxury goods VAT rate of 15%.  The standard VAT rate is 5%.  If approved, the new rate would be implemented from 2018. Goods targeted will include champagne and yachts. Nigeria’s budget deficit has suffered in the past three years with the decline in oil prices.