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.
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...
Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...
Guinea has launched a national school mapping initiative to guide education reforms and investment. About 60% of youth aged 15–24 remain unemployed or...
The world lost 4.3 million hectares of primary tropical forest in 2025, down 36% from 2024. Brazil drove the improvement, cutting forest loss to 1.63...
Bridge Bank Group plans to open a Guinea subsidiary in January 2027 as part of regional expansion. The group reported net profit of CFA27.2 billion...
The World Bank will provide $250 million to improve waste management and create jobs in Kinshasa. Kinshasa produces about 12,000 tonnes of waste...
UK museum to return 45 Botswana artifacts after 150 years Items collected in 1890s; restitution follows Botswana request Return tied to...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....