The National Bank of Ethiopia has issued a public notice to gather public opinion on the draft Motor Insurance Own Damage Minimum Premium Rate Directive (Draft Directive) which is expected to become effective within a few months. The Draft Directive sets the minimum rate for the amount of insurance premium that companies charge customers with the objective of aligning the insurance premium proposed for the insurance with the risk to be insured. The Directive also envisages culminating unwarranted premiums, undercutting, and protecting the interest of policyholders.
Insight type: Legal Alert
High Court Issues Judgment on the Excise Duty of Gaming and Lotteries
The High Court delivered this judgment recently in relation to a petition brought by key representatives of the Association of Gaming Operators of Kenya (AGOK).
ODPC Dismisses Complaint on Unauthorised Disclosure of Personal Data
Continuing its trend of active enforcement of its mandate under the Kenya Data Protection Act (DPA), the Office of the Data Protection Commissioner (ODPC) recently published a significant ruling that:
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.
Office of the Data Protection Commissioner Imposes its First Fine under the Kenya Data Protection Act
Approximately two years following its operationalisation, the Office of the Data Protection Commissioner (ODPC) has begun taking enforcement action against data controllers and data processors.
ALN Mauritius Contributes to the Litigation 2023 Chambers Global Practice Guide
International commerce continues to undergo a period of rapid and tumultuous change. In 2022, the global litigation landscape has been dominated by two global crises: the COVID-19 pandemic and the war in Ukraine. These two large-scale humanitarian crises have had a profound impact on the global economy.
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.
Court of Appeal Upholds Decision Declaring Minimum Tax as Unconstitutional
The Court of Appeal of Kenya (D. Musinga, (P), H. Omondi & K. Laibuta JJA) through a judgment delivered on Friday, 2 December 2022 upheld the High Court decision that declared the Minimum Tax unconstitutional and the Minimum Tax guidelines void.
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.
 
			 
			 
			 
			 
			 
			 
			 
			