1. [Home](https://www.meijburg.nl/) 2. [Nieuws](https://www.meijburg.nl/nieuws) 3. NL-Africa Tax Newsletter – November 2024 # NL-Africa Tax Newsletter – November 2024 29 november 2024 ![NL-Africa Tax Newsletter](https://www.meijburg.nl/sites/default/files/styles/detail_banner_xl/public/2023-10/capture_1_0.png) Dear business relation, This month’s NL-Africa Tax Desk newsletter includes, amongst others, a notice of tax incentives in the Nigerian oil and gas industry. Next to that and referring to [October’s NL-Africa Tax Desk newsletter](https://www.meijburg.nl/nieuws/nl-africa-tax-newsletter-october-2024), the South African dividends tax rate under the South Africa-NL, South Africa-Sweden and South Africa-Kuwait tax treaty is anticipated to increase. This newsletter includes an update on this too. If you would like to know more about the matters addressed in this newsletter or have any feedback, you are welcome to contact [**Sebastiaan Paling**](mailto:paling.sebastiaan@kpmg.com) (Head of the NL-Africa Tax Desk). Please visit [**our website**](https://meijburg.nl/over-ons/contact-kantoren/internationale-markten-en-landendesks/nl-africa-tax-desk)[ ](https://meijburg.com/about-us/offices-country-desks/international-markets-and-country-desks/nl-africa-tax-desk)for more information on the NL-Africa Tax Newsletter and the services we offer or to download our factsheet. Best regards, NL-Africa Tax Desk team Meijburg & Co \------------------------------------------------------------------------------------------------------ **Africa** - [KPMG BEPS 2.0 (Pillar Two) tracker](https://digitalgateway.kpmgservices.tech/en-US/news/beps) - [OECD update on transparency and exchange of information on request in respect of Rwanda, Senegal and Uganda ](https://web-archive.oecd.org/tax/transparency/documents/peer-reviews-transparency-exchange-of-information-on-request-azerbaijan-bosnia-and-herzegovina-colombia-grenada-guyana-montenegro-rwanda-senegal-uganda.htm) - [Taxation of the digitalized economy](https://kpmg.com/kpmg-us/content/dam/kpmg/pdf/2023/digitalized-economy-taxation-developments-summary.pdf) - [Transfer pricing documentation summaries by jurisdiction](https://kpmg.com/kpmg-us/content/dam/kpmg/pdf/2023/kpmg-global-transfer-pricing-review.pdf) **Egypt** - [New VAT rules on exported services](https://kpmg.com/us/en/taxnewsflash/news/2024/11/tnf-egypt-new-vat-rules-on-exported-services.html) **Kenya** - [Kenya publishes overview of proposed new tax measures](https://www.treasury.go.ke/wp-content/uploads/2024/11/0000356420-01.pdf) - [Supreme Court holds Finance Act, 2023 constitutional, overturns Court of Appeal](https://kpmg.com/us/en/taxnewsflash/news/2024/11/tnf-kenya-supreme-court-holds-finance-act-2023-constitutional-overturns-court-of-appeal.html) **Nigeria** - [Article on impact Investing and tax transparency in Africa ](https://www.taxnotes.com/tax-notes-international/tax-reform/impact-investing-and-tax-transparency-africa-must-go-hand-hand/2024/11/04/7m6j7)(Pdf version available upon request) - [Notice of tax incentives on deep offshore oil and gas production ](https://assets.kpmg.com/content/dam/kpmg/ng/pdf/2024/11/Notice%20of%20Tax%20Incentives%20on%20Deep%20Offshore%20Oil%20and%20Gas%20Production,%202024.pdf) **South Africa** - [Conduit principle does not apply when capital gains are realized by a trust](https://kpmg.com/us/en/taxnewsflash/news/2024/11/tnf-south-africa-conduit-principle-does-not-apply-capital-gains-realized-trust.html) - [National Treasury publishes discussion paper for public comment on phase two of Carbon Tax ](https://www.gov.za/news/media-statements/treasury-publication-discussion-documents-comment-taxation-alcoholic) - [Proposal to apply official rate of interest rule to loans to trusts](https://kpmg.com/us/en/taxnewsflash/news/2024/11/tnf-south-africa-proposal-to-apply-official-rate-of-interest-rule-to-loans-to-trusts.html) - [Proposed changes to foreign exchange loss carryforward rule for non-trading companies ](https://kpmg.com/us/en/taxnewsflash/news/2024/10/tnf-south-africa-changes-foreign-exchange-loss-carryforward-rule-non-trading-companies.html) - [Protocol to South Africa-Kuwait tax treaty entered into force on October 2, 2024](https://www.sars.gov.za/wp-content/uploads/Legal/Agreements/Legal-IntA-DTA-2024-01-%E2%80%93-DTA-Kuwait-Protocol-GG-51637.pdf) This amended treaty also amends the rates at which Dutch and Swedish shareholders of South African will be subject to dividends tax in future. Thus, there is now a withholding tax obligation in respect of dividends paid (or becoming due and payable) to Kuwaiti, Dutch and Swedish shareholders on or after this date. Please also refer to: [South Africa-Kuwait protocol ratified by Kuwait](https://kpmg.com/us/en/taxnewsflash/news/2024/10/tnf-south-africa-kuwait-protocol-ratified-by-kuwait.html) - [Updated legislation implementing Pillar Two global minimum tax rules submitted to Parliament](https://kpmg.com/us/en/taxnewsflash/news/2024/11/tnf-south-africa-updated-legislation-implementing-pillar-two-global-minimum-tax-rules-submitted-to-parliament.html) Lees verder: - [ Afrika ](https://www.meijburg.nl/landendesk/afrika) - [ NL-Africa Tax Desk ](https://www.meijburg.nl/internationaal/landendesks/africa-desk) - [ NL-Africa Tax Newsletter ](https://www.meijburg.nl/internationaal/landendesks/africa-desk) - [ ![Linkedin](https://www.meijburg.nl/themes/custom/openworld/static/images/icon_linkedin.svg) ](http://www.linkedin.com/shareArticle?mini=true&url=https://www.meijburg.nl/markdownify/node/2635&title=NL-Africa Tax Newsletter – November 2024&source=https://www.meijburg.nl/markdownify/node/2635 "Linkedin") - [ ![Email](https://www.meijburg.nl/themes/custom/openworld/static/images/icon_email.svg) ](mailto:?subject=NL-Africa Tax Newsletter – November 2024&body=Check out this site https://www.meijburg.nl/markdownify/node/2635 "Email") - [ ![Print](https://www.meijburg.nl/themes/custom/openworld/static/images/icon_print.svg) ](# "Print") - [ ![whatsapp](https://www.meijburg.nl/themes/custom/openworld/static/images/icon_whatsapp.svg) ](https://api.whatsapp.com/send?text=https://www.meijburg.nl/markdownify/node/2635 "whatsapp") [ ](https://www.meijburg.nl/houd-mij-op-de-hoogte) [ Houd mij op de hoogte ](https://www.meijburg.nl/houd-mij-op-de-hoogte) [## Want to stay up to date on tax in Africa? ### NL-Africa Tax Newsletter ](https://m10.mailplus.nl/wp8EzymIImJV-5915-31000308-test-1) [ To register ](https://m10.mailplus.nl/wp8EzymIImJV-5915-31000308-test-1) [## More information on the NL-Africa Tax Newsletter? ](https://www.meijburg.nl/over-ons/contact-kantoren/internationale-markten-en-landendesks/nl-africa-tax-desk) [ Read more ](https://www.meijburg.nl/over-ons/contact-kantoren/internationale-markten-en-landendesks/nl-africa-tax-desk) [ ![Sebastiaan Paling](https://www.meijburg.nl/sites/default/files/styles/person_search_result/public/2022-07/Sebastiaan%20Paling%20profiel.jpg) ](https://www.meijburg.nl/over-ons/onze-mensen/sebastiaan-paling) [ Sebastiaan Paling ](https://www.meijburg.nl/over-ons/onze-mensen/sebastiaan-paling) Director paling.sebastiaan \[at\] kpmg.com [ Meijburg Rotterdam ](https://www.meijburg.nl/houd-mij-op-de-hoogte/contact-kantoren/meijburg-rotterdam) [## Factsheet ### NL-Africa Tax Newsletter ](https://www.meijburg.nl/sites/default/files/2023-09/24327-kpmg-meijburg-factsheet_nl-africa-tax-desk_v03.pdf) [ Download ](https://www.meijburg.nl/sites/default/files/2023-09/24327-kpmg-meijburg-factsheet_nl-africa-tax-desk_v03.pdf)