China-Africa Investment Forum Beijing June 2013 FOCUS: MAURITIUS. A presentation by Mardemootoo Solicitors
|
|
- Ashlee Shields
- 6 years ago
- Views:
Transcription
1
2 China-Africa Investment Forum Beijing June 2013 FOCUS: MAURITIUS A presentation by Mardemootoo Solicitors
3 Mauritius...Star & Key of the Indian Ocean
4 Mauritius: a strategic stop-over into Africa
5 Mauritius
6 Tax treaty network Mauritius has ratified (r), awaiting ratification (a), awaiting signature (s) or is negotiating (n) tax treaties with 24 African countries. These countries are Botswana (r), Lesotho (r), Madagascar (r), Mozambique (r), Namibia (r), Rwanda (r), Senegal (r), Seychelles (r), South Africa (r), Swaziland (r), Tunisia (r), Uganda (r), Zimbabwe (r), Zambia (r), Republic of Congo (a), Egypt (a), Kenya (a), Nigeria (a), Ghana (s), Gabon (s), Algeria (n), Burkina Faso (n), Tanzania (n), Malawi (n). Mauritius
7 African Country Corporate Income Tax Rate Capital Gains Branch Tax Rate Dividends Interest Royalties Botswana /10 (1) Mozambique Namibia /20 (2) 10/20 (4) 8/10 (3) /10 (5) of the gross amount of the dividends if the beneficial owner is a company which owns at least 25 of the capital in the company paying the dividends; 10 of the gross amount of the dividends in all other cases rate applies to dividends paid on shares listed on the Mozambique stock exchange 3. 8 of the gross amount of the dividends if the beneficial owner is a company which holds at least 25 of the capital of the company paying the dividends; 10 of the gross amount of the dividends if the beneficial owner is a company which holds less than 25 the capital of the company paying the dividends 4. This is a final tax applicable to nonresidents. Dividends paid to nonresidents are subject to a final 10 withholding tax if the recipient of the dividend is a company that holds at least 25 of the capital of the company paying the dividend and if it is the beneficial owner of the shares. For all other cases, the dividend withholding tax rate is 20. Dividends paid out of oil and gas profits are exempt from withholding tax of the gross amount of the dividends if the beneficial owner is a company which holds directly at least 25 of the capital of the company paying the dividends; 10 of the gross amount of the dividends in all other cases.
8 African Country Corporate Income Tax Rate Capital Gains Branch Tax Rate Dividends Interest Royalties Uganda Zimbabwe 25 1/5/20 (1) 25 10/15 (2) 10/20 (3) Rwanda Tax is imposed on capital gains on sales of immovable property and listed and unlisted marketable securities. The tax on the disposal of assets acquired before 1 February 2009 are 1 for listed marketable securities and 5 for unlisted marketable securities and immovable property. The tax on disposal of assets acquired on or after 1 February 2009 are 1 for listed marketable securities, 5 for unlisted marketable securities and 20 for immovable property. 2. The 10 rate applies to dividends paid by companies listed on the Zimbabwe Stock Exchange to resident individuals and nonresidents. The 15 rate applies to other dividends paid to resident individuals and nonresidents. 3. Lower rate applies to companies holding at least 25 of capital.
9 African Country Corporate Income Tax Rate Capital Gains Branch Tax Rate Dividends Interest Royalties Lesotho Madagascar (1) 5/10 (2) Senegal /8/ 16/20 (3) The withholding tax on dividends was repealed in However, withholding tax on dividends continues to apply to certain entities of the gross amount of dividends if the company paying the dividends is a company eligible under the Investment Code or a venture capital company 3. The 6 rate applies to interest on long-term bonds. The 8 rate applies to bank interest. The 20 rate applies to interest on deposit receipts. The 16 rate applies to other interest payments.
10 African Country South Africa 28 Corporate Income Tax Rate Capital Gains (1) Branch Tax Rate Dividends Interest Royalties 5/10 (2) 0 (3) 10 (4) 12 (5) 5 (6) 1. The current DTA provides protection against South African capital gains tax ( CGT ) for a Mauritian company owning shares in a South African company holding immovable property. However, the capital gains article of the new DTA now specifically provides that a country may tax gains derived from the alienation of shares deriving more than 50 of their value directly or indirectly from immovable property situated in such country. 2. Dividends: In terms of the current DTA, the South African withholding tax on dividends will be reduced to 5 if the beneficial owner is a Mauritian company which holds at least 10 of the capital of the company paying the dividends, while in all other instances, the dividends tax may not exceed 15. The fall-back position has now been amended to reduce the maximum dividends tax rate to South Africa does not levy a withholding tax on interest. However, with effect from 1 July 2013, a 15 withholding tax will be levied (subject to certain exemptions) on interest paid to a nonresident, unless the rate is reduced under a tax treaty. 4. Interest: The current DTA provides for the country of residence of the recipient of interest to have the taxing rights if such recipient is the beneficial owner of the interest. A Mauritian lender would thus not be subject to the new South African withholding tax on interest (once it comes into effect) if the Mauritian lender is the beneficial owner of the interest. However, the new DTA does not provide for an exemption but instead caps the tax on interest which may be imposed by the source country, to 10 of the gross amount of the interest. Mauritius does not currently impose a withholding tax on interest paid by so-called GBL1 or GBL2 companies. South African lenders to Mauritian borrowers would thus as a general rule not be negatively affected by the amendment of the interest article, while Mauritian lenders to South African borrowers would on the other hand be prejudiced. 5. The withholding tax on royalties paid to a nonresident is 12 unless the rate is reduced under a tax treaty. The rate is proposed to be increased to 15 as from 1 July 2013 to be in line with the withholding taxes on dividends and interest. 6. Royalties: The current exemption from royalties withholding tax has been replaced with a 5 maximum rate. Source of update on the DTA with South Africa: Bowman Gilfillan tax team
11 African Country Corporate Income Tax Rate Capital Gains Branch Tax Rate Dividends Interest Royalties Swaziland Tunisia Zambia 15 to 40 (1) 0 15 to /15 (2) Resident and nonresident companies are subject to tax on their income derived from Zambian sources. Resident companies are also subject to tax on profits derived from a business carried on partly inside, and partly outside, Zambia. A company is considered resident in Zambia if it is incorporated in Zambia or if the central management and control of the company s business or affairs are exercised in Zambia of the gross amount of the dividends if the beneficial owner is a company which holds at least 25 per cent of the capital of the company paying the dividends; or 15 of the gross amount of the dividends in all other cases. Source for figures: Ernst & Young 2013 Worldwide Corporate Tax Guide.
12 Additional Investment Benefits & Protection: Southern African Development Community (SADC) Common Market for Eastern and Southern Africa (COMESA) Indian Ocean Commission (IOC) Africa Growth and Opportunity Act (AGOA) African-Pacific-Caribbean (ACP) L'Organisation pour l'harmonisation en Afrique du Droit des Affaires (OHADA)
13 SADC
14 SADC: Common Free Trade Area with 15 countries Population: 258 million GDP: USD 472 billion
15 COMESA
16 COMESA: Common Free Trade Area with 13 African countries Population: 430 million Annual import bill: USD 152 billion Annual export bill: USD 157 billion
17 In addition to double taxation avoidance agreements, Mauritius has signed Investment Protection and Promotion Agreements (IPPAs) with 19 African Countries of which 6 are already in force and 13 are awaiting ratification
18 IPPAs: Free repatriation of investment capital and returns Guarantee against expropriation Most favoured nation rule with respect to investment and compensation for losses due to war and riots
19 In Force Burundi Madagascar Mozambique Senegal South Africa Tanzania Awaiting Ratification Benin Botswana Cameroon Comoros Ghana Guinea Republic Mauritania Republic of Congo Rwanda Swaziland Chad Zimbabwe Kenya
20 Investment into Zimbabwe as at March 2013: Mauritius: USD 3.4 Billion China: USD 1.7 Billion South Africa: USD 0.4 Billion
21 Setting up an operational base for Africa in Mauritius
22 Investment vehicles: Global Business Company- GBC1 and GBC2 Domestic Companies Trusts Limited Liability Partnerships Foundations Sociétés
23 International Rankings: Index Global Rank Africa Rank Environmental Performance Index th 1st Fraser institute economic freedom 9th 1st 2012 Index of Economic Freedom 8th 1st Forbes Survey of Best Countries for Business th 1st World Bank Ease of Doing Business rd 1st Democracy Index th 1st Global Enabling Trade Index 33rd 1st Knowledge Economy Index nd 1st Mo Ibrahim Index of African Governance 1st 1st
24 Holistic Investment Environment: Socio-Economic stability High standard work and live environment Rule of law Easy access / favourable timezone
25
Investing in Africa through Mauritius
Investing in Africa through June 2013 A strategic access to Africa. A unique fiscal and non-fiscal base with preferential market access to African Countries. Parallel fiscal and non-fiscal network to couple
More informationSTRUCTURING INVESTMENTS INTO AFRICA THROUGH MAURITIUS/ESTATE PLANNING AND WEALTH MANAGEMENT FOR HIGH NET WORTH INDIVIDUALS IN EAST AFRICA (KENYA)
STRUCTURING INVESTMENTS INTO AFRICA THROUGH MAURITIUS/ESTATE PLANNING AND WEALTH MANAGEMENT FOR HIGH NET WORTH INDIVIDUALS IN EAST AFRICA (KENYA) Presentation by Mona K. Doshi Senior Partner Anjarwalla
More informationAfrica: An Emerging World Region
World Affairs Topical Series Africa: An Emerging World Region (Table of Contents) July 18, 2018 TABLE OF CONTENTS Evolution of Africa Markets.. Early Phase... Maturation Phase... Stumbles Phase.... Population...
More informationAfrican Financial Markets Initiative
African Financial Markets Initiative African Domestic Bond Fund Feasibility Study Frankfurt, November 2011 This presentation is organised into four sections I. Introduction to the African Financial Markets
More informationMauritius: An Investment Gateway to Africa
Gary Gowrea, Managing Director, Cim Tax Services With its strategic geographic location between Asia and Africa and its stable regulatory environment, Mauritius looks set to strengthen its position as
More informationBUSINESS BRIEFING SEMINAR Mauritius: Opportunities for Jersey Trust Companies
BUSINESS BRIEFING SEMINAR Mauritius: Opportunities for Jersey Trust Companies Assad Abdullatiff, TEP, LLB(Hons), LLM, Bar Ex-Chair STEP Mauritius & Council Member STEP Worldwide Managing Director, AX1S
More informationImproving the Investment Climate in Sub-Saharan Africa
REALIZING THE POTENTIAL FOR PROFITABLE INVESTMENT IN AFRICA High-Level Seminar organized by the IMF Institute and the Joint Africa Institute TUNIS,TUNISIA,FEBRUARY28 MARCH1,2006 Improving the Investment
More informationCountry Update: Mauritius
Country Update: Mauritius Mauritius, Opening doors to Africa and Beyond STEP MAURITIUS CONFERENCE 2015 Shammeem Abdoolakhan ABC Global Management Services Ltd/ABC International Services ( Seychelles) Ltd
More informationFINANCIAL INCLUSION IN AFRICA: THE ROLE OF INFORMALITY Leora Klapper and Dorothe Singer
FINANCIAL INCLUSION IN AFRICA: THE ROLE OF INFORMALITY Leora Klapper and Dorothe Singer OVERVIEW Global Findex: Goal to collect comparable cross-country data on financial inclusion by surveying individuals
More informationWorld Bank Group: Indira Chand Phone:
World Bank Group: Indira Chand Phone: +1 202 458 0434 E-mail: ichand@worldbank.org PwC: Rowena Mearley Tel: +1 646 313-0937 / + 1 347 501 0931 E-mail: rowena.j.mearley@pwc.com Fact sheet Paying Taxes 2018
More informationFinancial Development, Financial Inclusion, and Growth in Africa
International Monetary Fund African Department Financial Development, Financial Inclusion, and Growth in Africa ECOWAS Regional Conference, Dakar, Senegal, Roger Nord Deputy Director African department
More informationPwC Tax Calendar 2016
www.pwc.com/ng PwC Tax Calendar 2016 The PwC experience Our brand The PwC brand is the major unifying force for our network across the world. A clear indication of the value and reputation of the global
More informationInnovative Approaches for Accelerating Connectivity in Africa. - One Stop Border Post (OSBP) development-
High Level Side Event At the 1st TICAD V Ministerial Meeting Innovative Approaches for Accelerating Connectivity in Africa - One Stop Border Post (OSBP) development- Saturday, 3 May 2014 @Palais des Congres,
More informationREGIONAL MATTERS ARISING FROM REPORTS OF THE WHO INTERNAL AND EXTERNAL AUDITS. Information Document CONTENTS BACKGROUND
2 June REGIONAL COMMITTEE FOR AFRICA ORIGINAL: ENGLISH Sixty-seventh session Victoria Falls, Republic of Zimbabwe, 28 August 1 September Provisional agenda item 19.9 REGIONAL MATTERS ARISING FROM REPORTS
More informationTunis, Tunisia 17 June 2005
Tunis, Tunisia 17 June 2005 United Nations Department of Economic and Social Affairs United Nations Development Programme UNDP Africa Presented by John M. Kauzya The Africa Governance Inventory (AGI) Portal
More informationPaying Taxes 2019 Global and Regional Findings: AFRICA
World Bank Group: Indira Chand Phone: +1 202 458 0434 E-mail: ichand@worldbank.org PwC: Sharon O Connor Tel:+1 646 471 2326 E-mail: sharon.m.oconnor@pwc.com Fact sheet Paying Taxes 2019 Global and Regional
More informationFAQs The DFID Impact Fund (managed by CDC)
FAQs The DFID Impact Fund (managed by CDC) No. Design Question: General Questions 1 What type of support can the DFID Impact Fund provide to vehicles selected through the Request for Proposals ( RFP )?
More informationNEPAD-OECD AFRICA INVESTMENT INITIATIVE
NEPAD-OECD AFRICA INVESTMENT INITIATIVE 1 Presentation outline 1. CONTEXT 2. GOALS & DESIGN 3. ACTIVITIES & WORK METHODS 4. EXPECTED IMPACT 5. GOVERNANCE 2 1. CONTEXT Investment is a driver of economic
More informationLusaka, 7 May Note: The original of the Agreement was established by the Secretary-General of the United Nations on 2 June 1982.
. 2. b) Agreement establishing the African Development Bank done at Khartoum on 4 August 1963, as amended by resolution 05-79 adopted by the Board of Governors on 17 May 1979 Lusaka, 7 May 1982. ENTRY
More informationEffects of Transfer Pricing in developing countries: Cases in Africa
ACCOUNTANTS ANNUAL CONFERENCE 2016 Effects of Transfer Pricing in developing countries: Cases in Africa APC- Bunju 3 rd December, 2016 CPA Ahmad Mohamed (MARLA, ADA, Dip-Edu) Disclaimer This presentation
More informationChallenges and opportunities of LDCs Graduation:
Challenges and opportunities of LDCs Graduation: UNDP as a Strategic Partner in the Graduation Process Ayodele Odusola, PhD Chief Economist and Head Strategy and Analysis Team UNDP Regional Bureau for
More information30% DEPOSIT BONUS FOR OUR TRADERS IN AFRICA PROMOTION. Terms and Conditions
30% DEPOSIT BONUS FOR OUR TRADERS IN AFRICA PROMOTION Terms and Conditions INTRODUCTION FXTM 1 is running the 30% Deposit Bonus for Our Traders in Africa Promotion (hereinafter referred to as the Promotion
More informationPerspectives on Global Development 2012 Social Cohesion in a Shifting World. OECD Development Centre
Perspectives on Global Development 2012 Social Cohesion in a Shifting World OECD Development Centre Perspectives on Global Development Trilogy through the lens of Shifting Wealth: 1. Shifting Wealth 2.
More informationPaying Taxes An African perspective. Paying Taxes An African perspective 1
Paying Taxes 2010 An African perspective Paying Taxes 2010 - An African perspective 1 2009 PricewaterhouseCoopers. All rights reserved. PricewaterhouseCoopers refers to the network of member fi rms of
More informationInnovative Financing for Energy Projects
Innovative Financing for Energy Projects ABOUT COFIDES The Spanish Financing Company for Development, COFIDES, S.A., S.M.E., is a state-owned company incorporated by: ICEX 25,74% ICO BBVA BANCO BANCO BANCO
More informationIncident Response. We ve had a privacy breach now what?
Incident Response We ve had a privacy breach now what? The threat of information breaches is well known and much discussed. The classification of the breach as a privacy breach may very well introduce
More informationRegional Economic Outlook for sub-saharan Africa. African Department International Monetary Fund November 30, 2017
Regional Economic Outlook for sub-saharan Africa African Department International Monetary Fund November 3, 217 Outline 1. Sharp slowdown after two decades of strong growth 2. A partial and tentative policy
More informationBuilding Resilience in Fragile States: Experiences from Sub Saharan Africa. Mumtaz Hussain International Monetary Fund October 2017
Building Resilience in Fragile States: Experiences from Sub Saharan Africa Mumtaz Hussain International Monetary Fund October 2017 How Fragility has Changed since the 1990s? In early 1990s, 20 sub-saharan
More informationInternational Comparison Programme Main results of 2011 round
1. Introduction International Comparison Programme Main results of 2011 round The 2011 International Comparison Program (ICP) is a global statistical program managed and coordinated by the World Bank.
More informationCOMESA CLEARING HOUSE
Regional Payment & Settlement System (REPSS) COMESA CLEARING HOUSE COMESA Common market of eastern and southern Africa is a free trade area with nineteen member states stretching from Libya to Swaziland.
More informationAfrica Business Forum, Energy Industry Session
African Development Bank Energy Financial Solutions, Policy & Regulation Africa Business Forum, Energy Industry Session May 3 rd, 2018 OUTLINE THE ENERGY SECTOR, A STRATEGIC PRIORITY FOR THE AFRICAN DEVELOPMENT
More informationPROGRESS REPORT NATIONAL STRATEGIES FOR THE DEVELOPMENT OF STATISTICS. May 2010 NSDS SUMMARY TABLE FOR IDA AND LOWER MIDDLE INCOME COUNTRIES
NATIONAL STRATEGIES FOR THE DEVELOPMENT OF STATISTICS PROGRESS REPORT NSDS SUMMARY TABLE FOR IDA AND LOWER MIDDLE INCOME COUNTRIES May 2010 The Partnership in for in the 21 st Century NSDS STATUS IN IDA
More informationInvestment Guide - Mauritius
Investment Guide - Mauritius The information contained in this report is of a general nature and is not intended to address the circumstances of any particular individual or entity. While the information
More informationFiscal Policy Responses in African Countries to the Global Financial Crisis
Fiscal Policy Responses in African Countries to the Global Financial Crisis Sanjeev Gupta Deputy Director Fiscal Affairs Department International Monetary Fund Outline Global economic outlook Growth prospects
More informationComplexities of using African comparable companies
Arm s Length Standard Complexities of using African comparable companies There have been repeated requests from clients for Deloitte to use African comparable companies in our search strategies in order
More informationCapital Markets Development. Frankfurt, Germany. 12 th April 2018
Capital Markets Development Frankfurt, Germany. 12 th April 2018 The African Development Bank Transforming Africa since 1964 Our mission is to promote sustainable economic development and social progress
More informationAfrica Evacuation Benefit
Africa Evacuation Benefit 2016 You can read this document to find out everything about Discovery Health Medical Scheme s ( DHMS/Scheme ) Africa Evacuation Benefit ( Africa Benefit ) for 2016. It will give
More informationin Africa since the early 1990s.
Revenue Administration Reforms in Africa since the early 1990s..and Tax Administration Benchmarking David Kloeden IMF Fiscal Affairs Department Francophone & Anglophone Sub-Saharan Africa with apologies
More informationExports under Preferential Trade Agreements
Exports under Preferential Trade Agreements Presenter: Mr R. NABEE- Team Leader Origin Unit Date: 17-18 July 2017 Overview Preferential Trade Agreements How to determine Rules of Origin Registration of
More informationSotiris A. Pagdadis, Ph.D.
www.pwc.com Leveraging PPPs for Airport Management and Development ACI 21 st African Region Annual Assembly, Conference and Exhibition: Overcoming the challenges of Airport development in Africa 28 August,
More informationThe Landscape of Microinsurance Africa The World Map of Microinsurance
Published by Study conducted by MICRO INSURANCE CENTRE Developing partnerships to insure the world s poor The Landscape of Microinsurance Africa 2015 Preliminary Briefing Note The World Map of Microinsurance
More informationInternational Investment Arbitration in Africa: Year in Review 2016
INTERNATIONAL ARBITRATION TEAM International Investment Arbitration in Africa: Year in Review 2016 International investment arbitration also known as investment treaty arbitration or investor- State arbitration
More informationPrinciples of and Lessons from Regional Harmonization of Tax System
The 5 th IMF-Japan High-Level Tax Conference for Asian Countries Principles of and Lessons from Regional Harmonization of Tax System Kiyoshi Nakayama IMF Fiscal Affairs Department Tokyo, Japan April 21,
More informationPension Patterns and Challenges in Sub-Saharan Africa World Bank Pensions Core Course April 27, 2016
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Pension Patterns and Challenges in Sub-Saharan Africa World Bank Pensions Core Course April 27, 2016 Mark C. Dorfman
More informationInternational Investment Arbitration in Africa: Year in Review 2015
INTERNATIONAL ARBITRATION TEAM International Investment Arbitration in Africa: Year in Review 05 International investment arbitration also known as investment treaty arbitration or investor- State arbitration
More informationLiving Conditions and Well-Being: Evidence from African Countries
Living Conditions and Well-Being: Evidence from African Countries ANDREW E. CLARK Paris School of Economics - CNRS Andrew.Clark@ens.fr CONCHITA D AMBROSIO Université du Luxembourg conchita.dambrosio@uni.lu
More informationDomestic Resource Mobilization in Africa
Domestic Resource Mobilization in Africa Yiagadeesen (Teddy) Samy Associate Professor Norman Paterson School of International Affairs and Institute of African Studies Carleton University March 12, 2015
More informationArgentina Bahamas Barbados Bermuda Bolivia Brazil British Virgin Islands Canada Cayman Islands Chile
Americas Argentina (Banking and finance; Capital markets: Debt; Capital markets: Equity; M&A; Project Bahamas (Financial and corporate) Barbados (Financial and corporate) Bermuda (Financial and corporate)
More informationw w w. k u w a i t - f u n d. o r g
w w w. k u w a i t - f u n d. o r g Introduction A few months after gaining independence, the State of Kuwait established Kuwait Fund for Arab Economic Development on st December 96 to assist other
More informationIan Kirk, Sanlam Group CEO. 28 August 2017
Ian Kirk, Sanlam Group CEO 28 August 2017 Group strategic positioning Brief SEM overview The opportunity before us as an Industry Key priorities for SEM Expanding onto the African Continent and other Emerging
More informationWILLIAMS MULLEN. U.S. Trade Preference Programs & Trade Agreements
WILLIAMS MULLEN U.S. Trade Preference Programs & Trade The attached listing reflects the status of special U.S. trade programs or free trade agreements ("FTA") between the U.S. and identified countries
More informationAscoma, your insurance solutions in Africa
, your insurance solutions in Africa Overview has been present in Africa as an insurance broker for over six decades. This long history allows us to deliver a tailored service throughout the continent,
More informationEconomic Landscape of South Africa
Economic Landscape of South Africa INTRODUCTION One of the leading economies in Africa, with a well-developed infrastructure and established trade links with the rest of the continent, South Africa is
More informationAFRICAN DEVELOPMENT FUND. Decentralization Progress Report (Background Paper #4)
AFRICAN DEVELOPMENT FUND Decentralization Progress Report (Background Paper #4) ADF-XI Replenishment Meeting 14 15 March 2007 Dar-es-salaam, Tanzania 1 1. BACKGROUND 1.1 By Resolutions adopted on 27 September
More informationOur winning strategy is all about profitable investments. Graham Shuttleworth
Our winning strategy is all about profitable investments Graham Shuttleworth Investor Days November 2016 Changes in African mining codes AFRICA Mining code legislation changes Mining codes currently under
More informationReport to Donors Sponsored Delegates to the 12th Conference of the Parties Punta del Este, Uruguay 1-9 June 2015
Report to Donors Sponsored Delegates to the 12th Conference of the Parties Punta dell Este, Uruguay 1-9 June 2015 1 Contents Details of sponsorship Table 1. Fundraising (income from donors) Table 2. Sponsored
More informationFinancial Market Liberalization and Its Impact in Sub Saharan Africa
Financial Market Liberalization and Its Impact in Sub Saharan Africa Hamid Rashid, Ph.D. Senior Adviser for Macroeconomic Policy UN Department of Economic and Social Affairs, New York This does not represent
More informationNSDS STATUS IN IDA AND LOWER MIDDLE INCOME COUNTRIES
NSDS STATUS IN IDA AND LOWER MIDDLE INCOME COUNTRIES Progress report as of November 2010 The following table presents the status of National Strategies for the of (NSDS) in International Association (IDA)
More informationBuilding the most valuable pan-african reinsurance brand
Building the most valuable pan-african reinsurance brand Who we are We are the private sector champion of the pan-african reinsurance industry. With a history spanning more than 30 years, we have developed
More informationMauritius as a base for Regional Headquarters Companies
as a base for Regional Headquarters Companies 1 Scope of the presentation Regional business schemes Regional Headquarters Scheme Regional Development Scheme Business opportunities in the Region Other headquarters
More informationTrade Note May 16, 2005
Trade Note May 16, 2005 The World Bank Group www.worldbank.org International Trade Department By Paul Brenton and Takako Ikezuki These notes summarize recent research on global trade issues. They reflect
More informationRoad Maintenance Financing in Sub-Saharan Africa: Reforms and progress towards second generation road funds
Sub-Saharan Africa Transport Policy Program, SSATP Road Maintenance Financing in Sub-Saharan Africa: Reforms and progress towards second generation road funds M. BENMAAMAR, SSATP WB Transport Learning
More informationDRAFT RATES AND MONETARY AMOUNTS AND AMENDMENT OF REVENUE LAWS BILLS
DRAFT RATES AND MONETARY AMOUNTS AND AMENDMENT OF REVENUE LAWS BILLS Standing Committee on Finance Presenters: National Treasury and SARS 19 April 2016 Contents 1. Introduction 2. Tax revenue trends and
More informationLet s look at the life cycle of a gold project from discovery to closure
Risks and rewards of gold mining i in Africa Indaba 2011 Let s look at the life cycle of a gold project from discovery to closure Production value Discovery Feasibility Capital Recoupment Reinvestment
More informationTACKLING THE HOUSING AFFORDABILITY CHALLENGE : NIGERIA EXPERIENCE
TACKLING THE HOUSING AFFORDABILITY CHALLENGE : NIGERIA EXPERIENCE by MRS. WINIFRED EKANEM OYO-ITA, FCA The Head of the Civil Service of the Federation, The Presidency, Abuja, Nigeria. Presented at the
More information4 th Session of the Continental Steering Committee (CSC) for the African Project on the Implementation of the 2008 System of National Accounts
4 th Session of the Continental Steering Committee (CSC) for the African Project on the Implementation of the 2008 System of National Accounts Report on the Survey of The Current Status and Needs Assessment
More informationHIPC DEBT INITIATIVE FOR HEAVILY INDEBTED POOR COUNTRIES ELIGIBILITY GOAL
GOAL To ensure deep, broad and fast debt relief with a strong link to poverty reduction. ELIGIBILITY IDA-Only & PRGF eligible Heavily indebted (i.e. NPV of debt above 150% of exports or above 250% of government
More informationTitle of presentation
Title of presentation An Absa Capital Presentation - Financing Power in Africa Anand Naidoo - Head : Power & Energy, Absa Capital 1 Table of contents Electricity and the Economy World Capacity Requirements
More informationTRENDS AND MARKERS Signatories to the United Nations Convention against Transnational Organised Crime
A F R I C A WA T C H TRENDS AND MARKERS Signatories to the United Nations Convention against Transnational Organised Crime Afghanistan Albania Algeria Andorra Angola Antigua and Barbuda Argentina Armenia
More information53 rd UIA CONGRESS Seville - Spain October 27-31, 2009 FOREIGN INVESTMENT COMMISSION INVESTING IN SUB-SAHARAN AFRICA: DEVELOPMENT AND OR PROTECTIONISM
53 rd UIA CONGRESS Seville - Spain October 27-31, 2009 FOREIGN INVESTMENT COMMISSION Date of the session: Friday, October 30, 2009 INVESTING IN SUB-SAHARAN AFRICA: DEVELOPMENT AND OR PROTECTIONISM AFRICA'S
More informationPart One Introduction
Part One Introduction 1. Background The International Comparison Program (ICP) is a global statistical initiative set up on the recommendation of the United Nations Statistical Commission to enable international
More informationAFRICA TAX TALK EDITOR S COMMENT. LATEST TAX CHANGES All African countries TREATIES SIGNED OR COME INTO FORCE EDITOR S COMMENTS QUICK LINKS TRAINING
AUGUST 2012 ISSUE NO. 3 WWW.BDO.CO.ZA AFRICA TAX TALK EDITOR S COMMENTS READ MORE 1 LATEST TAX CHANGES All African countries READ MORE 2 TREATIES SIGNED OR COME INTO FORCE READ MORE 7 EDITOR S COMMENT
More informationRegulatory & Compliance: Data privacy: a global perspective on application and future regulation
Regulatory & Compliance: Data privacy: a global perspective on application and future regulation Daniella Kafouris Associate Director Deloitte Risk Advisory Data Privacy in South Africa 2 2014 Deloitte
More informationThe African Development Bank Group. Financial Products and Services. BOS Presentation. March 22, 2018
The African Development Bank Group Financial Products and Services BOS Presentation March 22, 2018 OUTLINE OF THE PRESENTATION 1 2 3 The Bank Group Syndications, Co-financing and Client Solutions Department
More informationThe Changing Wealth of Nations 2018
The Changing Wealth of Nations 2018 Building a Sustainable Future Editors: Glenn-Marie Lange Quentin Wodon Kevin Carey Wealth accounts available for 141 countries, 1995 to 2014 Market exchange rates Human
More informationLegal Indicators for Combining work, family and personal life
Legal Indicators for Combining work, family and personal life Country Africa Algeria 14 100% Angola 3 months 100% Mixed (if necessary, employer tops up social security) Benin 14 100% Mixed (50% Botswana
More informationSmall States - Performance in Public Debt Management
Small States - Performance in Public Debt Management Jeffrey D. Lewis Director Economic Policy, Debt and Trade Department World Bank Small States Forum October 12, 2013, Washington DC Outline 1. The small
More informationLessons of Regional Harmonization of Tax System & Tax Incentives and WTO rules
Lessons of Regional Harmonization of Tax System & Tax Incentives and WTO rules Kiyoshi Nakayama Tokyo, Japan April 24, 2014 Views are authors alone, and should not be attributed to the IMF, its Executive
More informationFinancial Inclusion in SADC
Financial Inclusion in SADC Mbabane, Swaziland December 2017 Contents FinMark Trust FinScope as a tool of Financial Inclusion Current FinScope initiatives in SADC FinScope insights MSME Studies in SADC
More informationSECURED TRANSACTIONS AND COLLATERAL REGISTRIES PEER TO PEER LEARNING EVENT
SECURED TRANSACTIONS AND COLLATERAL REGISTRIES PEER TO PEER LEARNING EVENT Presentation Title: Overview of Credit Reporting Worldwide Moyo Violet Ndonde Accra, Ghana - 3-5 July, 2012 -Session no. 2 Summary
More informationSANLAM EMERGING MARKETS INVESTOR DAYS
SANLAM EMERGING MARKETS INVESTOR DAYS 16 th & 17 th October 2018 Agenda Our Vision Our Pan-African opportunity The Saham rationale How we will deliver on the Pan-African opportunity The SEM business model
More informationDoing Business in Africa Focus on Ghana
www.pwc.com Doing Business in Africa Focus on Ghana Agenda Why this seminar? Africa Desk Doing business in Ghana Doing Business in Mozambique 2 March 2016 Why this seminar? 3 The interest in investing
More informationHIPC HEAVILY INDEBTED POOR COUNTRIES INITIATIVE MDRI MULTILATERAL DEBT RELIEF INITIATIVE
GOAL To ensure deep, broad and fast debt relief and thereby contribute toward growth, poverty reduction, and debt sustainability in the poorest, most heavily indebted countries. GOAL To provide additional
More informationG20 Leaders Conclusions on Africa
G20 Leaders Conclusions on Africa 2008-2010 Zaria Shaw and Sarah Jane Vassallo G20 Research Group, August 8, 2011 Summary of Conclusions on Africa in G20 Leaders Documents Words % of Total Words Paragraphs
More informationAfrica s Willing Taxpayers Thwarted by Opaque Tax Systems, Corruption Rose Aiko & Carolyn Logan 5 March 2014 Policy Paper #7
Africa s Willing Taxpayers Thwarted by Opaque Tax Systems, Corruption Rose Aiko & Carolyn Logan 5 March 2014 Policy Paper #7 Introduction Afrobarometer survey data, covering 29 countries in sub-saharan
More informationWorkshop on Trade Finance in Africa
Workshop on Trade Finance in Africa ATI & Export and Domestic Trade Credit Insurance Nairobi 15 th March 2006 Roland C. J. Pladet Chief Underwriting Officer Objectives of Presentation 1. Introduction to
More informationUpdate: Interim Economic Partnership Agreements
TRADE POLICY in PRACTICE GLOBAL EUROPE 13 December 2007 Update: Interim Economic Partnership Agreements The EU and the African, Caribbean and Pacific countries (ACP) have been working to put in place new
More informationThe State of the World s Macroeconomy
The State of the World s Macroeconomy Marcelo Giugale Senior Director Global Practice for Macroeconomics & Fiscal Management Washington DC, December 3 rd 2014 Content 1. What s Happening? Growing Concerns
More informationAssessing Fiscal Space and Financial Sustainability for Health
Assessing Fiscal Space and Financial Sustainability for Health Ajay Tandon Senior Economist Global Practice for Health, Nutrition, and Population World Bank Washington, DC, USA E-mail: atandon@worldbank.org
More informationMDRI HIPC. heavily indebted poor countries initiative. To provide additional support to HIPCs to reach the MDGs.
Goal To ensure deep, broad and fast debt relief and thereby contribute toward growth, poverty reduction, and debt sustainability in the poorest, most heavily indebted countries. HIPC heavily indebted poor
More informationSao Tome and Principe
Sao Tome and Principe A. Definitions and sources of data The Investment Code of Sao Tome and Principe (Lei n.o 13/92) of 1995 does not provide a specific definition of foreign direct investment (FDI).
More informationAnnex Supporting international mobility: calculating salaries
Annex 5.2 - Supporting international mobility: calculating salaries Base salary refers to a fixed amount of money paid to an Employee in return for work performed and it is determined in accordance with
More informationLiberty Holdings Limited. Supplementary. information. For the six months ended 30 June
Liberty Holdings Limited Supplementary information Liberty an Authorised Financial Services Provider In terms of the FAIS Act (Licence No. 2409). For the six months ended Liberty Holdings Limited Financial
More informationLeading global banking practices Emilio Pera, May 2013
Leading global banking practices Emilio Pera, May 203!@# Agenda Banking in Africa 2 Global Banking Outlook 3 Questions/discussion 2 Africa Attractiveness Getting down to business!@# How Infrastructure
More informationCAADP MDTF: NEPAD Planning and Coordinating Agency (NPCA) Child Trust Fund (P121914)
Public Disclosure Authorized AFRICA Africa Agriculture Global Practice Recipient Executed Activities Specific Investment Loan FY 2011 Seq No: 4 ARCHIVED on 28-Dec-2015 ISR22333 Implementing Agencies: Public
More informationRegional Profile: Sub-Saharan Africa (SSA)
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Regional Profile: Sub-Saharan Africa (SSA) 2 2013 The International Bank for Reconstruction
More informationWithholding Tax Rates 2018*
Withholding Tax Rates 2018* Jurisdiction Dividends Interest Royalties Notes Albania 15% 15% 15% Algeria 15% 10% 24% Andorra 0% 0% 5% Angola 10% 5%/10%/15% 10% Anguilla 0% 0% 0% Antigua & Barbuda 25% 25%
More informationWithholding Tax Rates 2017*
Withholding Tax Rates 2017* International Tax Updated March 2017 Jurisdiction Dividends Interest Royalties Notes Albania 15% 15% 15% Algeria 15% 10% 24% Andorra 0% 0% 5% Angola 10% 15% 10% Anguilla 0%
More informationThe 2016 results. of the CIAN survey
The results of the CIAN survey Every year since 1979, CIAN has questioned the heads of foreign companies established in about the prospects for their business: are they expecting profit growth? Are they
More informationDeclaration: Michelle Lombaard
A research report submitted to the Faculty of Commerce, Law and Management, University of Witwatersrand, Johannesburg, in partial fulfilment of the requirements for the degree of Master of Commerce (Specialising
More information