Telecom

East African countries to set common digital economy tax strategy

East African countries to set common digital economy tax strategy
Monday, 16 November 2020 17:07

Member countries of the East African Community announced on Nov. 11 they will set a common strategy for digital economy taxation. This decision made during the 48th meeting of the countries’ tax authorities seeks to safeguard the interest of all.

In the final communiqué issued at the end of the meeting, the tax authorities said they agreed to develop a common strategy “to deal with the taxation of the digital economy by addressing the problems linked to the legal framework, in terms of definitions, identification of actors and legal mechanisms.”

Through this united vision, the ECA members want to put pressure on the global tech giants that are making profits in their various markets. Forced to deal with all, these companies will not have the opportunity to take advantage of the weaknesses and other grey areas of the different tax systems.

On the same topic
Uganda launched consultations to develop a national strategy on emerging technologies. Authorities are examining AI, blockchain, IoT, big data,...
Mauritania launched an online building permit application service on the national digital portal Khidmaty. The service now operates across all nine...
Botswana declares March 15 National Space Day after first satellite launch African countries expanding satellite programs for mapping,...
Guinea approves $56 million Chinese loan for “Safe City” security program Project to install 324 surveillance sites across eight...
Most Read
01

Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...

Togo Passes Law to Criminalize Counterfeiting of West African CFA Franc
02

Since its 2019 IPO, Airtel Africa paid Deloitte over $37 million in audit and non-audit fees,...

Airtel Africa and Deloitte: A Seven-Year Relationship, $37 Million in Fees and a Planned Handover
03

CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...

Strengthening the Business Climate in WAEMU Countries: CCR-UEMOA Reviews Its Midterm Record
04

World Bank announces $137 million to boost West Africa digital economy Program expands broad...

Benin, Liberia and Sierra Leone Receive $137M to Expand Digital Access for 5.2 Million People
05

Tilenga oil project required land from 4,954 households in Uganda Over 99% of affected households...

Report details land compensation for nearly 5,000 households in Uganda’s Tilenga oil project
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.