The Guide to Fiscal Information: Key Economies in Africa 2014/15
A recently published IMF World Economic Regional Outlook estimated that growth in Africa over the next two years will continue to sustain on its strong growth trajectory over 5 percent, well above established developed economies and comparative emerging markets.
There are boundless business opportunities that present themselves to entities willing to take the next step to expand into the African market. Africa has established itself as a critical market in the global landscape which simply cannot be ignored by business.
Doing business in Africa however is not without its challenges, which includes political and regulatory uncertainty, shortage of skilled workers, corruption and excessive bureaucratic processes, inadequate infrastructure, lack of reliable financial information, etc.
It’s important to keep in mind there is no single uniform collective Africa to invest in. Multinational companies are advised to carefully consider the full regional landscape when investing in African markets. Most importantly business must identify the nuances and distinctions of the targeted investment countries.
To better navigate the African landscape across the different economies Deloitte has published its Guide to Fiscal Information: Key Economies in Africa 2014/15, which contains a summary of tax and economic information pertaining to key economies in Africa. Details of each country’s income tax, VAT (or sales tax), and other significant taxes are set out in the publication. In addition, investment incentives available, exchange control regimes applicable (if any) and certain other basic economic statistics are detailed.