Telecom

East African countries to set common digital economy tax strategy

East African countries to set common digital economy tax strategy
Monday, 16 November 2020 17:07

Member countries of the East African Community announced on Nov. 11 they will set a common strategy for digital economy taxation. This decision made during the 48th meeting of the countries’ tax authorities seeks to safeguard the interest of all.

In the final communiqué issued at the end of the meeting, the tax authorities said they agreed to develop a common strategy “to deal with the taxation of the digital economy by addressing the problems linked to the legal framework, in terms of definitions, identification of actors and legal mechanisms.”

Through this united vision, the ECA members want to put pressure on the global tech giants that are making profits in their various markets. Forced to deal with all, these companies will not have the opportunity to take advantage of the weaknesses and other grey areas of the different tax systems.

On the same topic
MTC Namibia and Botswana Fibre Networks (BoFiNet) signed a memorandum of understanding to expand cross-border fibre connectivity. The partnership...
Como em muitos países africanos, as autoridades da RDC apostam na transformação digital para apoiar o desenvolvimento socioeconômico. Elas contam, em...
Initiative targets 100 African AI deployments by 2030 Focus on multilingual, low-bandwidth AI for key sectors Kenya, India and Italy on Thursday...
Togo creates National Geographic Institute by ministerial decree Reform grants legal, financial autonomy to new body Institute to modernize...
Most Read
01

ECOWAS central bank governors reaffirm a 2027 target for launching the Eco. Nigeria signals...

ECOWAS Eco Currency May Launch Without WAEMU in 2027 Push
02

South Africa led with 35% of total deal value, ahead of Kenya and Egypt Inbound deal value ro...

Three Countries Drove 70% of Africa’s M&A Deal Value in 2025
03

Safran invests €280m to build one of the world's largest landing gear plants in Morocco, crea...

Morocco: Safran Announces $305 Million Investment to Build One of the World's Largest Landing Gear Plants
04

This week in Africa, Africa CDC is stepping up its drive for health sovereignty, building new partne...

Weekly Health Update | Africa CDC Advances Health Sovereignty Efforts
05

South Africa will remove transmission control from Eskom and create a separate public grid operato...

South Africa accelerates Eskom reform to ease crisis and attract capital
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.