Country by Country Reporting Standards in Kenya: What’s in Store for Multinational Enterprises

The integration of national economies and markets has increased substantially in recent years, putting a strain on international tax rules that were designed more than a century ago. Weaknesses in the international tax rules created opportunities for base erosion and profit shifting thereby resulting in tax leakages for many governments. Informational asymmetry between taxpayers and tax authorities has long been considered a major contributor to opportunities for abuse of the tax system. In this regard, the global community has been making efforts to enhance tax transparency, remove bank secrecy and facilitate robust exchanges of information between tax administrations through bilateral and multilateral instruments.

Immunity of the Road Development Agency from Execution of Judgement

The Road Development Agency (the Agency) is a statutory body that was established under the Public Roads Act No.12 of 2002 (Public Roads Act). It is tasked with planning, managing, and coordinating the road network in Zambia, as well as providing care, maintenance, and construction of public roads.

Employers in the Private Sector to Adopt Newly Repealed Minimum Wage Order

The Government through the Minister of Labour, Youth, Employment and Persons with Disability recently published subsidiary legislation through GN 687 dated 25 November 2022, the Minimum Wage Order, 2022 (the Order) repealing the Minimum Wage Order of 2013. The Order is made under Section 39 (1) of the Labour Institutions Act and will come into force on 1 January 2023. It will apply to all employees and employers in all private sectors.

An Overview of the Mutual Agreement Procedures under Double Tax Agreements 

Tax dispute avoidance and resolution procedures are essential to the effective and efficient functioning of all tax administrations as well as ensuring certainty and predictability for businesses. Both these elements are critical for building an international tax system that supports economic growth and a resilient global economy.

The Rise of Digital Banking in Mauritius

There is no doubting that more and more people are open to digital banking, especially in the wake of the COVID-19 pandemic, which has pushed “traditional” banking onto digital channels. In a recent report published by N26, a fully digital bank headquartered in Berlin and Accenture, 69 percent of the respondents were open to digital-only banking[1]. The report surveyed 47,810 respondents (i.e., consumers of banking and insurance services) across 28 markets including Asia, Africa, North and South America, Europe and Australia.

The Impact of the UAE Data Protection Law on Businesses

The United Arab Emirates (UAE) Data Protection Law came into force on 2 January 2022. The Executive Regulations to the Data Protection Law will be released shortly, after which businesses will have six (6) months to ensure that their data protection policies around personal data and consent are fully compliant with the Data Protection Law.

Agreement Reached to Set Up a Loss and Damage Fund for Developing Countries at COP27

One of the key outcomes of the recently concluded COP27 was the historic decision to set up a fund to help vulnerable countries respond to losses and damages related to the adverse effects of climate change. In this feature, we focus on the discussions that have led to the establishment of the fund and highlight some of the provisions of the funding arrangement agreed upon by the Parties. The article also summarises, briefly, other outcomes of COP27 and provides highlights on what governments, private parties and civil societies should look out for in the run-up to COP28.