n the recent MIH India (Mauritius) Limited case, the Delhi Bench of the Income-tax Appellate Tribunal (the "Delhi Tribunal") held that the income earned by way of capital gains by a Mauritius.
n the recent MIH India (Mauritius) Limited case, the Delhi Bench of the Income-tax Appellate Tribunal (the "Delhi Tribunal") held that the income earned by way of capital gains by a Mauritius.
On 27 July 2022, the government of Botswana announced that it will reduce the VAT rate from 14% to 12%, effective 1 August 2022, for a period of six months, .
On 5 February 2022, Cabo Verde deposited its instrument of ratification for the African Continental Free Trade Area Agreement (AfCFTA), becoming the 41st country to do so.
Excise Tax Act (ETA) by virtue
of new powers granted to the Minister under the
Time
Limits and Other Periods Act (COVID-19) (Time Limits
Act), which received royal assent on July 27, 2020.
Statute-Barring Periods
Under the ministerial orders, the period within which the CRA
can issue reassessments was extended by six months or until
December 31, 2020, whichever is earlier, in respect of years or
periods that would otherwise have become statute-barred under the
ITA or ETA on or after May 20, 2020. These ministerial orders are
no longer in force and no further extensions have been
announced.
Relief for Late-Filed Notices of Objection
The one-year time limit for making late-filed objection requests