The paper focuses on the nine African jurisdictions covered in the Corporate Tax Haven Index of 2019: Botswana, Gambia, Ghana, Kenya, Liberia, Mauritius, Tanzania, the Seychelles and South Africa.
The rise in the tax rate came as no surprise since Kenya has maintained a low rate compared to the rest of the region. Uganda and Rwanda, for example, apply Capital Gains Tax (CGT) rates of 30 percent.
Although the purchase was done from his base in Lagos, Peters dodged the value-added tax (VAT) on the laptop purchase, making the government to lose tax revenue.
Vehicles with engine capacities of 3.0 – 3.5 liters were to pay an annual tax of GH¢1,000.00; those with engine capacities of 3.6 – 4.0 liters will pay GH¢1,500.00 annually, and 4.1 liters and above are to pay a yearly tax of GH&
The firm, which invests in African start-ups, began setting up subsidiaries in Mauritius, “an offshore jurisdiction with a wide network of double taxation treaties in interesting markets.”
The Ministry has given recognition to 160 loyal tax payers, including the ruling party trading company, Trans Ethiopia, which paid a total of 417 million birr (around $14.4 million) from its operations in Mekele, Tigray.