TOP TIPS: Tax implication for Africa-bound investment
With plentiful natural resources and growth potential, African governments and investors are wrangling over the rewards Africa holds. Rendani Neluvhalani, a Beijing-based international tax services partner at Ernst & Young, evaluates the lay of the land.
More African tax authorities are now focused on cross-border transactions, especially those between related or connected parties. Major tax issues concerning foreign investments in Africa's cross-border deals are highlighted below:
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