Be Informed’s Post

Global efforts to combat banking secrecy, illicit financial flows, and tax evasion have made significant progress. Blyce has played a small but vital role in these efforts by supporting various authorities with the software for exchange of tax-related information. We are immensely proud of our team's growth and the software's evolution over the years. While reflecting on our past is gratifying, our focus remains firmly on the future. The addition of KRA to our user community is a major milestone, not only for us, but also for Kenya. Tax transparency will undoubtedly bring significant advantages to Kenya and the combined KRA and Blyce team is looking forward to making this project a showcase for the region. Hopefully the results Kenya will obtain, will inspire more countries to responsibly join the cross-border cooperation among tax authorities.

EXCITING NEWS! I'm honored and grateful to share that I'll be representing TAXATION HELPDESK and joining the respected and renowned panelists at the prestigious SAIT - 13th Annual Africa Transfer Pricing Summit 2024! Join me and other industry experts as we delve into the latest transfer pricing trends, challenges, and opportunities in the world. I'm looking forward to sharing my insights and learning from others in the field. The summit promises to be an enriching experience, with thought-provoking discussions, networking opportunities, and expert analysis on transfer pricing issues affecting businesses. Let's connect and exchange ideas on how to navigate the complex world of transfer pricing! #TaxationHelpdesk #TransferPricing #AfricaSummit #SAIT #TaxExperts #Networking #LearningOpportunity"

Exciting News for Namibia's Business Community! Namibia is embracing digital transformation with the introduction of e-Invoicing in the 2024/25 financial year! Spearheaded by Finance Minister Iipumbu Shiimiin and in partnership with NamRA, this move aims to integrate cash registers with ITAS, promising streamlined VAT data collection, reduced fraud, and lower compliance costs. What's more, the VAT registration threshold for SMEs is now doubled, providing significant relief and support for growth. Stay ahead, #NamibiaBusinesses, as we move towards a more efficient and transparent tax environment! 🔗READ FULL >> https://lnkd.in/gTJGpA5P #DigitalNamibia #EInvoicing #VATReform

TAINA Technology is working closely with local FATCA and CRS experts and consultancies, including Avril Bell from Complere Consulting Pty Ltd as we expand into new markets, including Africa, Middle East, Caribbean and Latin America. By leveraging our combined expertise in regulatory compliance we can offer enhanced support and solutions to our clients. This effort is expected to set new standards in compliance by combining cutting-edge technology with comprehensive regulatory knowledge. Read More: https://hubs.li/Q02KqDlx0 #TAINA #Complere #Complere #FATCA #CRS #RegulatoryCompliance #TaxCompliance Abdelkader Benhima Sarah Cooper

Streamline your EUC application by having all required documents ready: Incorporation Certificate, Articles/Memorandum, Director’s Profile, and Tax Clearance. Remember, business names can't apply for EUCs. Locally rooted – Globally connected #wtsafrica #wtsglobal #wtsblackwoodstone #taxadvisors #businesafrica #taxleaders #africabusiness #EUC #BusinessCompliance #BusinessTips #BusinessEssentials

Accountants drive Africa's transformation by helping secure funding and innovative finance solutions. Click below to learn more in @IFAC's report with the @Pan African Federation of Accountants.

IFRS 17 was introduced to replace IFRS 4, which previously governed insurance contract reporting. The new standard, effective from 1 Jan. 2023, aims to provide a more consistent accounting framework for insurance contracts, improving comparability and transparency in the financial statements of insurance companies globally. South Africa is setting the benchmark for IFRS 17 implementation in Africa. With strong regulatory oversight and robust financial systems, the country's insurance industry has made significant strides in adopting this new standard. Heavy investments in IT upgrades, extensive staff training and alignment with operational requirements have solidified South Africa's position as a model for the continent. Meanwhile, Nigeria is also making progress, particularly through NAICOM’s efforts. However, South Africa’s mature market and advanced regulatory framework continue to give it a leading edge. As companies navigate this complex transition, I am committed to supporting their journey, ensuring a smooth and efficient implementation phase. #IFRS17 #InsurTech #InsuranceAfrica #FinancialStandards #IASB

Accountants are key to enabling Africa's transformation. As trusted advisers, professional accountants can support governments and businesses to access funding and to secure alternative sources of finance, including through innovative public private partnerships and delivering information to enable informed decision making. Read more in our report with the PAN AFRICAN FEDERATION OF ACCOUNTANTS: https://lnkd.in/eFVKThC6

[#LetsTalkGlobalTax] The case between Checkpoint Technologies Kenya Limited (CTK) and the Commissioner of domestic taxes KRA(KENYA REVENUE AUTHORITY) is an illustrative example of how the jurisdictions that implement #transferpricing rules applying the OECD guidelines will be held to account in line with those guidelines. Ishmael Masangu, Senior Transfer Pricing Consultant, Forvis Mazars in South Africa, shares the details of the case: https://lnkd.in/eevNrrR7

[#LetsTalkGlobalTax] The case between Checkpoint Technologies Kenya Limited (CTK) and the Commissioner of domestic taxes KRA(KENYA REVENUE AUTHORITY) is an illustrative example of how the jurisdictions that implement #transferpricing rules applying the OECD guidelines will be held to account in line with those guidelines. Ishmael Masangu, Senior Transfer Pricing Consultant, Forvis Mazars in South Africa, shares the details of the case: https://lnkd.in/dTZZW6UU