n Tax Breaks Newsletter - Know your VAT risks when doing business in Africa : value-added tax
|Article Title||Know your VAT risks when doing business in Africa : value-added tax|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Tax Breaks Newsletter|
|Publication Date||Jan 2006|
Extracted from text ... VALUE-ADDED TAX Moneyweb's TAX BREAKS October 2006 3 KNOW YOUR VAT RISKS WHEN DOING BUSINESS IN AFRICA COMPANIES involved in crossborder trade in Africa need to carefully manage Value-Added Tax risks properly to avoid incurring unnecessary VAT costs, says Charles de Wet, a tax partner at PricewaterhouseCoopers. VAT compliance risks are increasing as more and more African countries adopt VAT regimes. So it is essential to ensure correct documentation is maintained to manage the VAT risk of pan-African transactions for the supply of goods and services, VAT risks include the disallowance of zero-rating of exports where a complete set of ..
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