The VAT Digital Toolkit for Africa is a valuable resource for tax policymakers and revenue administrations in Africa, and ATAF encourages revenue administrations to take advantage of this resource, including the tailor-made support provided by ATAF.
This Suggested Approach to Tax Audit Preparation and Execution has been prepared to guide tax administrations in Africa in the conduct of tax audits. It focuses on the essentials of tax audits that are common in most tax administrations in Africa and discusses the fundamentals that are necessary in conducting an effective, efficient, and professional tax audit exercise.
This paper will explore the adoption of risk management techniques by tax administrations in their bid to manage the compliance of their taxpayers.
The profit and loss account which is also known as Income Statement indicates net profits earned by company during current financial year.
Value-added tax (VAT) is an indirect tax on goods and services. The rate of VAT applicable on standard rated supplies is as per VAT Act/ Regulations of relevant tax jurisdictions.
The main aim of this Guide is to provide direction to tax administrations in Africa on the ideal treatment of VAT in the construction sector, i.e. treatment that befits international good practices.
Value-added tax (VAT) fraud constitutes a substantial drain on the revenue potentials of many countries, and it is generally believed that the fraud is large scale and widespread.
Advancement in technology and the advent of the internet has given rise to business models that enable entities to conduct business across many jurisdictions without having any physical nexus in these jurisdictions.
This technical note was developed to help revenue authorities to articulate the basic VAT policy and administration considerations regarding cryptocurrencies.