Non-residents are generally liable to tax in Mauritius in respect of their Mauritius-source income. Section 74(1) of the Income Tax Act (the “Act”) provides examples of streams of income considered to be derived from Mauritius.
Insight type: Legal Alert
Bank Customers Could be Held Liable for Banking Fraud Losses
On 18 July 2022, the Ugandan High Court issued a landmark decision on the liability for loss suffered due to digital bank fraud in the case of Aida Atiku versus Centenary Rural Development Bank Limited, (the defendant/bank) Civil Suit No. 0754 of 2020.
Key Highlights from the 9th Meeting of the AfCFTA Council of Ministers
On 25th and 26th July 2022, the AfCFTA Council of Ministers met in Accra, Ghana for the 9th Meeting of the AfCFTA Council of Ministers responsible for trade. During this meeting, the AfCFTA Secretariat reported major strides towards making trade under the AfCFTA fully operational.
The Settlement Framework – An Overview of its Application in Practice
At an awareness session on the Settlement Procedure conducted by the Financial Services Commission (the “Commission”) on the 12 April 2022, the Chief Executive of the Commission stressed that the Settlement Committee is not a ‘whitewashing’ instance and that settlement discussions might take place in parallel with any investigation, inquiry or referral to the Enforcement Committee which have already started.
Court of Appeal Rules Limits on Interest Rate Cap Overcharges
In the years between 1991 and 1997 and more recently between September 2016 and November 2019, Kenya implemented interest rate caps to respond to concerns raised by the public regarding the high cost of credit.
Major Changes in Respect of Registration of Human Resource Management Practitioners
The Zambia Institute of Human Resource Management Act No. 3 of 2022 (the “HR Act”) was enacted by the Zambian Parliament on 12 April 2022.
The Nigerian National Petroleum Company Limited – “Privatising” the NNPC
On 19 July 2022, the President unveiled the Nigerian National Petroleum Company Limited (NNPC Ltd); the new limited liability company which has replaced the former Nigeria National Petroleum Corporation (NNPC), the national oil corporation of the Federal Republic of Nigeria.
Finance (Miscellaneous Provisions) Act 2022
On 29 July 2022, the Mauritian Parliament passed the Finance (Miscellaneous) Provisions Act 2022 (the “FA 2022”), which enacts into law the measures announced by the Honourable Minister of Finance in the Budget Speech 2022-2023.
EACJ Issues Landmark Decision in Kenyan Election Dispute
The East African Court of Justice (EACJ) Appellate Division issued a landmark decision affirming an earlier ruling by the First Instance Division to find that Kenya, through the Supreme Court of Kenya, infringed on Martha Karua’s (Ms Karua) right of access to justice. It is the first time the EACJ Appellate division has determined election-related disputes arising from a decision (s) of the Supreme Court of Kenya (Petition No. 3 of 2019).
NCC Approved and Published Updated Requirements for Individual Licence Application
On 6 June 2022, the Nigerian Communications Commission (the NCC) released an updated requirements for Individual Licence application. The NCC has approved the additional requirements in furtherance of its mandate as enshrined in the Nigerian Communications Act (NCA) 2003. While some of the requirements remain the same, some additions and amendments are noticeable.
Click here to download and read the full article.
Should you have any questions regarding the information in this legal alert, please do not hesitate to contact Sumbo Akintola.
______________
Contributor
Timothy Okele, Associate