The Republic Of South Sudan – Tax Issues For Government And Investors

Following a five-decade civil war in Sudan ended by a peace agreement and new constitution in 2005, the Republic of South Sudan (South Sudan) became the world’s 196th country on 9 July 2011.

Although South Sudan is new, it has all-too-familiar needs. The majority of its population is extremely poor, it has high child mortality, erratic and inadequate electricity supplies, paucity of clean water and roads, inadequate health and schooling resources, and a continuing need […]

By |October 24th, 2012|

Nigeria: Diversity Of VAT Laws Make Compliance Difficult For Multinationals

The multiplicity of Value Added Tax (VAT) systems across Africa exposes multinational companies to tax risk, errors and inconsistencies in the application of the law, according to a new report issued recently by Professional Services Firm PwC.

Most of Africa’s 54 countries have VAT systems in place which foreign investors and businesses cannot afford to be ignorant about, according to PwC’s report entitled an Overview of VAT, 2011.

Taiwo Oyedele, Tax Partner, PwC Nigeria, says: “A […]

By |October 19th, 2012|

India: Indirect Taxes: Taxability Of Vocational Education Courses/Training/Skill Development Courses

Edited by Hitender Mehta

CBEC has clarified that when a Vocational Education Courses/ training/ skill development courses (VEC) is offered by an institution of the Government or a local authority, question of service tax does not arise. In terms of Section 66D (a), only specified services provided by the Government are liable to tax and VEC is excluded from the service tax.

However, if the VEC is offered by an institution, as an independent entity in […]

By |October 18th, 2012|