COVID-19
Tax measures to address COVID-19 crisis across Africa
30 April 2020
Introduction
PwC
Introduction
• These are unprecedented times and uncharted waters with COVID-19 and low commodity prices.
• Companies are facing many challenges globally due to the COVID-19 restrictions
• The African Continent can be challenging for remote working
• Many African countries rely heavily on revenue from oil & gas.
• Some governments have issued new provisions and incentives during these difficult times
• Our teams will focus on these provisions across Africa, the impact to operations and dealing with Tax
Authorities
3
April 2020Tax measures to Address COVID-19
PwC
Tax and Trade implications of COVID-19
4
April 2020Tax measures to Address COVID-19
Risks
Common Challenges + Worries
• Income tax, transfer pricing, indirect tax and tariff
issues that are due to disrupted supply chains and
shifts in operations
• Addressing income tax implications of repatriating
or redeploying key personnel
• Cross-border tariff and compliance implications of
getting needed emergency exports to and from
specific territories
• Understanding impacts of disruption on tax
attributes, losses, recoveries and reinvestment
plans
• Impacts of costs and risk on transfer pricing
policies
• Potentially lasting impacts on tax footprint and
operating models
• Reporting and disclosures to ensure tax and
customs compliance
Suggested Next Steps
• Evaluate tax, trade and tariff implications of
alternatives to your global supply chain
• Track business travelers, provide immigration
assistance, address income tax implications of
repatriating global employees
• Understand how to get needed goods and
equipment in and out of different locations
around the globe quickly
• Seek advice on utilizing tax losses, other tax
attributes and tax impact of cash repatriation
that may arise from the emergency
• Assess structure and review other plans to
diversify operating models, while considering
cross-boarder tax and transfer pricing issues
• Understand any required changes in reporting
and disclosures required for tax and customs
compliance
Through a holistic approach to global structuring, we
have provided the world’s top businesses with tax
and trade advice to optimize their global and regional
value chains and operating models, including supply
chains.
We bring an unmatched combination of industry,
strategy, global mobility, HR, immigration, tax,
analytics and technology expertise from around the
world to assist clients in critical people and
organization situations.
Our global network of customs experts utilizes our
relationships and expertise to facilitate import/ export
of goods for our clients.
We help companies determine proper tax treatment
of losses and other attributes, when emergencies
occur.
Our technology-enabled quantitative solutions
practice helps the world’s largest companies model
the impacts of cross-border tax regimes on their tax
attributes and financial cost.
How we’ve helped others
PwC
Country updates
5
April 2020Tax measures to Address COVID-19
COVID -19 pandemic
Nigeria
PwC
West Market Area - Nigeria
7
April 2020Tax measures to Address COVID-19
• Extension for filing VAT and Withholding tax (due to the Federal Tax Authority) from 21st of
every month to the last working day of the month, following the month of deduction
• Nigeria has extended the due date for filing Companies Income Tax returns by one month
• The Lagos Inland Revenue Service (LIRS) has extended filing of annual returns for
Individuals, including self-employed person(s) from 31 March 2020 to 31 May 2020
• The FCT IRS has extended filing of annual returns for Individuals, including self-employed
person(s) from 31 March 2020 to 30 June 2020
• Corporate taxpayers may file their returns using unaudited accounts but subsequently
submit audited accounts within two months after the revised due date of filing
• Waiver of penalty and interest on tax arrears arising from desk reviews, tax audits or tax
investigations which are paid in full on or before 31 May 2020
PwC
West Market Area - Nigeria
8
April 2020Tax measures to Address COVID-19
• Visits to Federal Inland Revenue Service’s offices are to adhere strictly to globally
recommended social distancing rules
• Field Audits, Investigations and Monitoring visits have been suspended until further notice
• The FIRS plans to publish information requests for desk reviews and tax audits on its website
and create a portal where such information can be uploaded by taxpayers for online review
• Taxpayers are mandated to use available electronic platforms for filing tax returns, paying
taxes and application for Tax Clearance Certificates (TCCs). Email correspondence is also
permitted based on the Finance Act 2020
• Taxpayers can pay foreign currency tax liabilities in naira. The exchange rate to be used is
the prevailing Investors and Exporters forex window rate on the payment date
PwC
West Market Area - Nigeria
9
April 2020Tax measures to Address COVID-19
• In March 2020, the Nigerian house of representatives passed the stimulus package bill aimed
at stimulating economy, discouraging employee furlough among other intentions.
• The Bill grants an income tax credit at 50% of annual PAYE for employers (excluding
upstream petroleum employers) who retain employees between 1 March and 30 December
2020
• The second incentive includes a waiver on import duties related to medical equipment,
personal protective care etc.
• Introduce a new moratorium on mortgage obligations of Nigerians under the National
Housing Fund
• The second stimulus bill is being arranged given the loopholes of the first bill.
PwC
West Market Area
10
Nigeria – Key messages & Practical issues
April 2020Tax measures to Address COVID-19
Effectiveness of the
technology platforms to
aid compliance
Balancing the need for
revenue and tax
palliatives by the Federal
Government
Lack of income tax
measures for the upstream
oil & gas companies
Lack of clarity around
certain measures
Dynamic fiscal
environment (Stay
informed)
Tax strategy
(business continuity,
depositary of information,
Tax risk register)
COVID -19 pandemic
Ghana
PwC
West Market Area - Ghana
12
April 2020Tax measures to Address COVID-19
• Annual returns: Self assessment filing extended from March to 30 April 2020; Annual filing
due date extended by 2 months
• Tax adjustments: Penalties on principal debts will be cancelled upon payment of
outstanding debts due to the GRA by 30 June 2020; alternative means of paying taxes and
filing returns provided
• Donation incentives: VAT on goods donated in support of efforts against COVID-19 to be
removed; donation will be treated as an allowable expense for income tax purposes
• Individual relief: Withdrawal of non-exempt accrued benefits from some selected
approved schemes to be exempted from the 15% tax; 3 months employment tax
exemption for health workers
PwC
West Market Area
13
Ghana – Key messages & Practical issues
April 2020Tax measures to Address COVID-19
Some of the
initiatives require
Parliament’s
approval
Historically,
electronic
compliance was
practically not
available
GRA public notice
issued – but not
enough guidelines
Next round for fiscal
policy review is July
2020
Keep adequate
records to support
incentive claims
GRA working on
improve its online
platform for tax
compliance
COVID -19 pandemic
Chad
PwC
Francophone Sub Saharan Africa - Chad
15
April 2020Tax measures to Address COVID-19
• 50% reduction of Business License Tax (“Patente”) and flat tax contribution (“Impot General
Liberatoire”) for the 2020 fiscal year
• Suspension of tax and custom audits (including general and spot audits) for 3 months, with
the exception of audits which had already started and desk audits.
• Tax administration will review requests from taxpayers facing financial difficulties (filing,
payment and request for penalties/interest waivers).
• A number of relevant food & medical products are being exempt from import duties
COVID -19 pandemic
Gabon
PwC
Francophone Sub Saharan Africa - Gabon
17
April 2020Tax measures to Address COVID-19
• 50% reduction of the business license tax (“patente”)
• 50% reduction of the withholding synthetic tax (“impot synthetique)
• Filing deadline for tax return, DAS Forms and TP documentation pushed back from April 30
to July 31, 2020.
• Option to pay FY19 Corporate Income payments (generally due on 30th April) into three
equal monthly instalments: 30 April 2020, 31 May 2020 and 30 June 2020
COVID -19 pandemic
Equatorial Guinea
PwC
Francophone Sub Saharan Africa - Equatorial Guinea
19
April 2020Tax measures to Address COVID-19
• Extension of the deadline for the declaration of the Minimum Income Tax & Company Income
Tax was granted for non oil & gas Small and Medium Businesses (SMB)
• Deferral of payment of the Minimum Income Tax (MIT) to June 30, 2020 and reduction of
the rate of the MIT from 3% to 1.5% until September 30, 2020, for non oil & gas SMB only
• Extension of the deadline of CIT filing up to July 31, 2020 for SMB.
• The Ministry of Mines and Hydrocarbons waived its regulatory fees from oil services
companies for a period of three months. However, a Ministerial Order confirming the entry
in force of this information is still expected from the Government.
• 100% exoneration from social security contributions until September 30, 2020, for companies
that will hire new employees to increase their headcount
COVID -19 pandemic
Mauritania
PwC
Francophone Sub Saharan Africa - Mauritania
21
April 2020Tax measures to Address COVID-19
• The Mauritanian government has taken tax measures to facilitate the supply of foodstuffs,
including the exemption from taxes and customs duties on wheat, oils, powdered milk,
vegetables and fruits for the rest of the year to reduce the price of these basic products.
• Tax relief for a period of 2 months for the liberal professions and small businesses from all
municipal taxes.
• An exemption from all taxes and fees resulting for the rest of the year for heads of families
working in the traditional fishing sector
COVID -19 pandemic
Senegal
PwC
Francophone Sub Saharan Africa - Senegal
23
April 2020Tax measures to Address COVID-19
• Suspension of the collection of taxes debts of the companies most affected by COVID-19
during the pandemic period.
• A partial remission of the tax debt recorded as at 31 December 2019 will be granted to
companies and individuals for a total amount of XOF 200 billion. Fully tax deductible
donations made to the treasury account in the framework of the COVID-19 pandemic.
• The Government will refund the VAT credits within the shortest possible time. Extension of
the general deadline for payment of suspended VAT recovered by the customs and tax
authorities from 12 to 24 months.
• Small and medium sized and certain other companies (sector of tourism, hotels, catering,
transportation, press, culture, education, agriculture) will benefit from a deferred payment of
taxes until 15 July 2020.
• Allocation to individuals and companies whose activities are directly affected by the COVID-
19 of a direct subsidy corresponding to the amount of the payroll taxes due from March 2020
until the end of the pandemic.
COVID -19 pandemic
Republic of Congo
PwC
Francophone Sub Saharan Africa - Republic of Congo
25
April 2020Tax measures to Address COVID-19
• Extension for filing the annual Statistical & Fiscal Declaration and payment of the liquidation
balance of the corporate income tax and tax on industrial and commercial profits from 20 May
to 25 August.
• Possibility to agree a monthly schedule with a deadline extended to 31 December, 2020 for
the payment of the balance of FY19 CIT.
• Extension for filing tax returns for the first quarter from 10 - 20 April 2020 to 10 - 20 June
2020
• 1 month deadline extension for filing monthly direct taxes returns during the confinement
period until further notice
• Non-application of penalties, fines and interests for late payment for a renewable period of 2
months, where necessary
• Payment deferral of Single Tax on Wages (TUS) until 30 June 2020 from April onwards
• Payment deferral for 2 months from April onward for occupancy taxes for business premises
(TOL), tax on certain entertainment etc.
• From April 1st, 2020, suspension of ongoing “in officio” and “ex officio” tax audits for a
period of three months.
PwC
Francophone Sub Saharan Africa - Republic of Congo
26
April 2020Tax measures to Address COVID-19
• Deadlines to respond to tax assessments and statutory limitation periods are extended
accordingly.
COVID -19 pandemic
Madagascar
PwC
Francophone Sub Saharan Africa - Madagascar
28
April 2020Tax measures to Address COVID-19
Deferral of returns and payments of
certain taxes.
Tax authorities are encouraging the use
of electronic and mobile platforms
Full tax deduction for donations to
address COVID 19
Suspension of penalties on late
payment of VAT and Salaries taxes
01 02
03 04
PwC
Francophone Sub Saharan Africa - Madagascar
29
April 2020Tax measures to Address COVID-19
Deferral until 30 June 2020 of income
tax returns and payments due after
March 23, 2020 (partial lockdown
starting period) for the tourism sectors
(hotels, restaurants, tourist operators,
travel agencies, air transport) and
industrial free-zone enterprises
Applications for VAT credits refunds
must be submitted on the 10th day
following the end of partial lockdown
(exporters and large investors)
Applicants for VAT credits refunds are
invited to contact the competent tax
authority for the appropriate
organization
Suspension of corporate income tax
bimonthly advance instalments
05 06
07 08
PwC
Francophone Sub Saharan Africa - Madagascar
30
April 2020Tax measures to Address COVID-19
The tax office opened in the morning for
half a day since 7 April 2020
Returns and payment of the Synthetic
Tax are deferred until 15 May 2020
The deadline for the declaration of
payments made in prior year to third
parties, due on 30 March 2020, is
extended until 15 May 2020 Tax audits and notices to third-parties
(ATD) are suspended until 31 May 2020
09 10
11 12
PwC
Francophone Sub Saharan Africa
31
Key messages and Practical issues:
April 2020Tax measures to Address COVID-19
Uncertainty around automatic
extensions and deferrals vs
approval required
Efficiency of dealing with Tax
Administration remotelyCompliance Issues:
Payment & Filing
Adequacy of measures to
meet needs of low income
and vulnerable classes
COVID -19 pandemic
Kenya
PwC
East Market Area - Kenya
33
April 2020Tax measures to Address COVID-19
VAT rate dropped from 16% to 14%
Individual income dropped from 30% to 25%
Personal tax relief increased to KES 28,800
Corporation rate dropped from 30% to 25%
Promise to paid VAT refunds
Turnover tax down from 3% to 1%
Use of emails and video conferencing now
acceptable for dispute resolution
Tax payments continue being paid electronically
via iTax portal – no change in tax deadlines
Income tax exemptions removed
Capital allowances overhauled and ‘simplified’
VAT on transfer of business imposed
Zero rated VAT to VAT exemption increased
VAT on certain services imposed
No change in taxation of upstream oil
Capital allowance on petroleum storage and
pipeline reduced from 150% to 50% (then 25%)
01 02
0304
COVID -19 pandemic
Uganda
PwC
East Market Area - Uganda
35
April 2020Tax measures to Address COVID-19
Uganda announced extension for filing of
provisional tax returns and certain monthly
returns.
Taxpayers with MOUs requiring payments in
March and April may apply to restructure terms.
A 15-day extension to 30 April 2020 was granted
to taxpayers who are unable to file the March
monthly compliance returns by 15 April 2020
A two-month extension to 31 May 2020 was
granted to September year-end taxpayers who
were unable to file the FY19 final tax and FY20
provisional tax returns by 31 March 2020.
Ugandan taxpayers who make voluntary
disclosures in March and April 2020 and settle
the principal tax will have their penalty and
interest waived
01 02
0304
PwC
East Market Area
36
Key messages and Practical issues:
April 2020Tax measures to Address COVID-19
Tax revenues will
reduce due to lower
economic activity
Investment in
technology by tax
authorities has come
in handy
The informal sector
and specific sectors
like tourism need
specific support, not
just tax reductions.
COVID -19 pandemic
Angola
PwC
South Market Area - Angola
38
April 2020Tax measures to Address COVID-19
• Deadline for filing company income tax returns extended: (i) Group B from 30 April to 29 May
2020, (ii) Group A from 31 May to June 30 2020.
• Q2 2020 Employer Social Security contributions (8%) postponed. Payable in 6 months
interest-free instalments from July-December
• Employee SS contribution (3%) in the months of April, May and June are to be transferred to
the employee
• Companies granted a 12-month tax credit on the value of VAT incurred on the import of
capital goods and of raw materials that are used for the production of goods from the basic
basket and other priority goods of national origin.
• Real Estate Income Tax payments can be made in 4 instalments - April, June, August, and
October.
• Tax Authorities have implemented reduced business hours & provided a support center
contacts and remote channels for taxpayers.
PwC
South Market Area - Angola
39
April 2020Tax measures to Address COVID-19
• An exemption from VAT, customs duties and any other fees due for supply of services is
granted on the import of goods used in containing COVID-19.
• Imported (and locally produced) goods donated for the prevention and expansion of
COVID-19, are considered as a deductible cost for the purposes of Corporate Income Tax.
• Statute of Limitation period is suspended during the emergency period.
COVID -19 pandemic
Mozambique
PwC
South Market Area - Mozambique
41
April 2020Tax measures to Address COVID-19
• Deadlines for judicial and administrative proceedings are suspended for as long as the State
of Emergency remains in force
• All tax audits have been suspended
• Amnesty for fines and interest resulting from lack of or delay in payment of social security
contributions due before 23 April 2020, provided the regularization is made until 23 July 2020
• The issuing of tax registration numbers NUITs is suspended
• Tax compliant businesses with a turnover of less than MZN 2,5 million in 2019 are eligible to
a waiver of advance payments due in May, July and Sep 2020 re 2021 FY
• Until 31 Dec 2020, food commodities, medicines and other essential goods are allowed to
clear customs with payments of VAT and custom duties being deferred to maximum period
of 90 days, post-clearance
• Until 31 Dec 2020, Taxpayers with recognized VAT credit can offset it against other taxes.
COVID -19 pandemic
South Africa
PwC
South Market Area - South Africa
43
April 2020Tax measures to Address COVID-19
Tax return filings (apart from carbon tax) are required as normal, i.e. filings (and payments due)
should be timely.
• Tax compliant businesses with a turnover of less than R100 million will be allowed to defer
a proportion of a) PAYE liabilities over the next four months and b) provisional corporate
income tax payments without penalties or interest over the next six months.
• Larger businesses may apply directly to SARS to defer tax payments without incurring
penalties. Smaller business may also request more relief.
• Measures announced in the 2020 Budget to broaden the corporate income tax base by (i)
restricting net interest expense, and (ii) limiting the use of assessed losses will be
postponed by at least 1 year .
• Taxpayers who donate to the Solidarity Fund will be able to claim up to an additional 10% as
an income tax deduction. Employees' tax relief is available for donations to the Solidarity
Fund of up 33.3% of the monthly salary.
• From 1 May 2020, there will be a 4 month holiday for Skills Development Levy contributions
(1% of total salaries) to assist all businesses with cashflow.
PwC
South Market Area - South Africa
44
April 2020Internal
• Wage subsidies - Companies that are in distress (not operating for at least 3 months)
because of COVID-19, will receive wage payment through the Temporary Employee Relief
Scheme.
• A tax subsidy of up to R750 per month will be provided for the next 4 months to those
private sector employees earning below R6,500.
• VAT refunds to be fast-tracked. Smaller VAT vendors that are in a net refund position will be
temporarily permitted to file monthly instead of once every two months.
• An extension of time has been granted for the timeframes for obtained prescribed
documents relating to the export of goods. Essential goods may only be exported under an
ITAC permit.
• The importation of ‘critical supplies’ (as listed by ITAC) qualifies for exemption from import
VAT and a full rebate of import duty.
• The importation of ‘essential goods’ (as listed) qualify for import VAT exemption. The
current list of ‘essential goods’ includes fuel (including coal and gas).
PwC
South Market Area - South Africa
45
April 2020Internal
• Payment of excise taxes on alcoholic beverages and tobacco products, due in May 2020 and
June 2020, will be deferred for 90 days. Deferral may be applied to other items as well.
• Three-month deferral for filing and first payment of carbon tax liabilities.
COVID -19 pandemic
Namibia
PwC
South Market Area - Namibia
47
April 2020Internal
Namibia - taxpayers to enjoy accelerated payment of overdue and undisputed VAT & Introduction
of tax-back loan scheme for non-mining corporates
PwC
South Market Area
48
Key messages and Practical issues
April 2020Tax measures to Address COVID-19
Meeting tax
compliance
deadlines
Reduced / deferred
tax payments
(reputational risks)
Various incentives
and restrictions –
need to stay abreast
COVID -19 pandemic
Algeria
PwC
North Market Area - Algeria
50
April 2020Tax measures to Address COVID-19
• Postponement deadlines for filling annual Corporate Income Tax declarations for the
companies under “DGE” scope until 31 may 2020. For other taxpayers the deadline is fixed
to 30 June 2020. The CIT liquidation balance is due 20 days later. (i.e. 20 June or 20 July).
TPD filling date is aligned with that of CIT annual return.
• Postponement of payment and filling of monthly tax returns “G50” and “G50 ter”, of
February, March and April 2020 up to 20 may 2020. Postponement of the 1st CIT/PIT
instalment to 20 June 2020. Postponement of Annual Personal Income Tax declaration G
N°01 to 30 June 2020 instead of 30 April 2020.
• Postponement of payment of social security contributions CNAS due for 2020 first quarter by
30 days, (i.e. 30 May 2020 instead of 30 April 2020). CASNOS contribution is postponed by
90 days, i.e. 30 September 2020.
• Suspension of taxation of unallocated profits - provided for in the provisions of Article 15 of
the Finance Act for 2020. Deferral of the application of zero rate VAT instituted by art. 42 of
the LF 2020.
PwC
North Market Area - Algeria
51
April 2020Tax measures to Address COVID-19
• Tax on foreign partner's remuneration: The deadlines for declaring and paying the instalments
by SONATRACH (on the 25th of the month) and the liquidation balance (before April 30th of
year N+1) are maintained and are not affected by this deferral.
• Additional Income Tax (ICR): Filing date is scheduled for April 30 of year N+1, by way of G
N°04 (same deadline as that of common tax regime annual CIT return ); Postponement of
the deadline for the annual declaration to 31 May 2020 for companies subject to the DGE;
Thus we believe that the Additional Income Tax declaration may be concerned by this
postponement
• Other taxes: With regard to the other taxes under the hydrocarbon tax regime that are paid
monthly, notably the hydrocarbon royalty, the tax on oil revenues, no extension of time is
provided for by the tax administration (DGI) or the hydrocarbon authority (ALNAFT).
COVID -19 pandemic
Morocco
PwC
North Market Area - Morocco
53
April 2020Tax measures to Address COVID-19
• A deadline extension was granted for the CIT return, additional CIT due for fiscal year 2019
and the first instalment due for the current fiscal year till 30 June 2020
• This extension applies for companies with turnover not exceeding MAD 20 million.
• Companies with a turnover of MAD 20m and above, suffering significant harm due to the
drastic drop in activity and facing financial difficulties, should formally request form the
ministry of finance a deferred payment of tax.
• The Economic Monitoring Committee (CVE) suspended payment of employer social
security contributions until 30 June 2020 for certain companies and independent
professions facing difficulties
• Tax audits are suspended until June 30th, 2020.
• Employees in temporary work stoppage registered under the National Social Security Fund
(“CNSS”) and working for companies facing difficulties, will enjoy certain benefits.
PwC
North Market Area - Morocco
54
April 2020Tax measures to Address COVID-19
• The CVE decided to exempt from Individual Income Tax any additional compensation paid to
employees (affiliated to the CNSS) by their employers, in the limit of 50% of the average net
monthly salary.
• CIT levied on hydrocarbon revenues provided in the hydrocarbon code follows the same
modalities of payment as of those prescribed for corporate income tax, the CIT
postponement above can be relevant to the hydrocarbon sector as well
COVID -19 pandemic
Tunisia
PwC
North Market Area - Tunisia
56
April 2020Tax measures to Address COVID-19
Deadline for filing the corporate income
tax return due on the results for the
fiscal year of 2019 is extended until
May 31, 2020, except of companies
subject to corporate income tax at a
rate of 35%.
VAT due on the import, manufacture
and sale of personal protection
products as well as on their inputs is
reduced to 7%
Deadline for filing the monthly tax
declarations extended to March 19,
2020.
Certain penalties as well as the
circulation tax were also extended till
the end of April.
Inputs for the manufacture of the
individual protection products shall be
exempt from customs duties and any
other taxes and duties due on
importation. Individual protection
products are exempt from Industrial
Competitiveness Development Fund.
01 02
03 04
PwC
North Market Area - Tunisia
57
April 2020Tax measures to Address COVID-19
Penalties for late recovery of
established debts extended from 1 April
2020 till 15th day post lockdown
The modalities of payment and
declaration under CIT purposes for
hydrocarbon-derived income differs
from those introduced in the common
law, therefore, the deadline relief
measures should not apply as per the
COVID-19 adaptive tax measures.
Tax audit and ex officio taxation
procedures shall be suspended during
the period from 23 March 2020 till 15th
day post lockdown
Application of the late payment
penalties for the payment of the tax
suspended for the period from 1 April
2020 until 30 June 2020
05 06
07 08
COVID -19 pandemic
Egypt
PwC
North Market Area - Egypt
59
April 2020Tax measures to Address COVID-19
• Deadline for filing individuals' income tax returns extended from 1 April to 16
April 2020
• Three-month extension for the payment of property taxes for companies in the
industrial and tourism sector. The taxes payable in (6) monthly installments.
• Exemption from taxation of capital gains on securities listed on the Egyptian
stock exchange (EGX) for Egyptian residents extended from 17 May 2020 to 1
January 2022
• Exemption from taxation of capital gains on securities listed on the Egyptian
stock exchange (EGX) for non-residents will be made permanent
• On spot transactions on the EGX will be exempt from stamp duty
• Withholding tax on dividends paid by companies listed on the EGX will be
reduced from 10% to 5%
PwC
North Market Area - Egypt
60
April 2020Tax measures to Address COVID-19
• Stamp duty on transactions on the Egyptian stock exchange (EGX) will
be reduced from 0.15% to 0.125% for non-residents for both buyer and
seller
• Stamp duty on EGX transactions will be reduced from 0.15% to 0.05%
for Egyptian residents; for buyers and sellers
• Documents, such as commercial invoices, would be accepted without
being accredited by the Chambers of Commerce (this usually being a
requirement)
• Certificates of origin would be accepted without authorization from the
Egyptian Embassy abroad
• Citizens filing taxes online will not be charged the subscription fee for the
use of the online filing portal
PwC
North Market Area
61
Key messages and Practical issues:
April 2020Tax measures to Address COVID-19
Efficacy of the
measures to achieve
desirable objectives
Reduced
bureaucracy on
essential imports
Leveraging on
technology
Questions and Contributions
Africa Energy and Utilities
Publication 2019
Closing remarks & wrap up
PwC
You are not alone. We are here to help.
65
April 2020Tax measures to Address COVID-19
Proactive customs and tariff strategies
Global trade policy consulting
Regulatory risk remediation
Global structuring
Value chain transformation
Transfer pricing planning
Tax and tariff-efficient supply chain strategies
Global trade services
Global mobility consulting
Immigration services
Tax planning
Hedging and cash planning
pwc.com
Thank you
© 2020 PwC. All rights reserved. Not for further distribution without the permission of PwC. “PwC” refers to the network of member firms of PricewaterhouseCoopers
International Limited (PwCIL), or, as the context requires, individual member firms of the PwC network. Each member firm is a separate legal entity and does not act as
agent of PwCIL or any other member firm. PwCIL does not provide any services to clients. PwCIL is not responsible or liable for the acts or omissions of any of its
member firms nor can it control the exercise of their professional judgment or bind them in any way. No member firm is responsible or liable for the acts or omissions of
any other member firm nor can it control the exercise of another member firm’s professional judgment or bind another member f irm or PwCIL in any way. 715220-2020