Publication
This year’s Africa Energy Forum presents a unique opportunity for African collaboration
In the rural village of Gwanda, Zimbabwe, a mother walks several kilometres each day to find firewood so she can cook for her children.
News about the financing bill (Tax reform)
Global | Publication | November 2018
Wealth Tax Proposal
On October 31, the government announced the financing law with which it expects to raise about 14 billion pesos. Among the proposed changes is a new wealth tax with the following characteristics:
- The tax would have a duration of 2 years, 2019 and 2020.
- It seeks to tax taxpayers of income tax (natural person) with a net equity exceeding $ 3,000 million. Foreign persons and entities would be taxed by their assets owned in the country.
- The taxable base would be the net equity as of January 1, 2019 and by 2020 it could increase or decrease up to 25 per cent of the inflation of the previous year.
The Government proposes the application of the following differential rate:
| Taxable base range in $ | Rate | |
| Lower limit | Upper limit | |
| >=3.000.000.000 | <5.000.000.000 | 0,5% |
| >=5.000.000.000 | Onward | 1% |
Recent publications
Publication
The future of regional power trade in Southern Africa
Southern Africa is a key focus of attention at the present time, as it faces a perfect storm of an energy emergency due to hydropower generation being severely impacted by reduced water levels due to droughts whilst the demand of its regional miners for clean baseload power rapidly accelerates.
Subscribe and stay up to date with the latest legal news, information and events . . .