Overview

Africa's profile as a leading contender for foreign direct investment has been growing. Recent discoveries of large oil, gas and mineral deposits, untapped agricultural production capacity, and a growing population that offers affordable labour and a market of about a billion consumers, have all attracted investors into Africa.

However, with greater customs integration, relatively narrow tax base and increased accountability for public spending, tax regimes in Africa have become more aggressive in enforcing tax regulations. This tax guide for investors and entrepreneurs gives an overview of the basic tax provisions, incentives and potential pitfalls that any investor needs to consider before establishing a presence in Africa. Countries examined in detail are:

● Ghana;

● Kenya;

● South Africa;

● Tanzania;

● Uganda; and

● Zambia.

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