The authorized and institutional framework underpinning South Africa’s common service obligations in telecommunications is now not match for objective, trade leaders have warned. The levy paid by licence holders more and more resembles a normal tax fairly than a ring-fenced contribution to closing the nation’s connectivity gaps, they mentioned. Telecoms licensees pay 0.2% of their…
By Kate Abnett BRUSSELS, April 14 (Reuters) – The European Union plans to cut back electrical energy taxes and develop clear applied sciences sooner to chop shoppers’ publicity to hovering oil and gasoline costs, as a part of its plan to offsetthe Iran conflict’s vitality affect, a draft doc confirmed. Europe’s heavy reliance on oil…
A strong carbon tax retains extra income in South Africa and encourages native corporations to scale back product emissions to enhance competitiveness in worldwide markets, and it aligns with worldwide assist for decarbonisation efforts right here. The carbon tax is a vital financial instrument in South Africa. But it’s now unsure whether or not the…
India and France signed a sweeping modification to their 34-year-old bilateral tax treaty on February 17 throughout French President Emmanuel Macron’s state go to to New Delhi, restructuring the phrases underneath which French corporations and buyers are taxed on dividends and capital positive aspects from Indian investments, and completely resolving a authorized dispute over the…
By JAMES ANYANZWA Kenya’s President William Ruto, bowing to stress from an offended public, rejected the contentious Finance Invoice 2024 in its entirety and referred to as for austerity measures to compensate for the potential income shortfall in his Ksh3.99 trillion ($30.93 billion) price range for the 2024/2025 fiscal yr. The choice got here within…
Artwork and Crafts from the West Nile sub area being exhibited on the latest Pearl of Africa Tourism Expo held in Munyonyo this yr. PHOTO URN ARUA, UGANDA | THE INDEPENDENT | The Ministry of Commerce Business and Cooperatives has introduced a tax waiver for Small and Medium Enterprises (SMEs) from Northern Uganda who will take…