10 - 11 Jun 2021Africa Tax Symposium 2021 – Webinar Edition
- Online Webinar
- Africa Tax Symposium 2021 – Webinar Edition
The Topics:International Taxation – Overview of the Emerging Policy Framework
In recent times, international tax policy has dominated the tax reform agenda, on both the domestic and international levels. Multilateral organizations – such as the OECD and the UN – have also played a key role in leading debate and policy formulation. Our opening session focuses on the key issues at the forefront of international tax policy today: (i) a new tax policy framework for taxing digital businesses (i.e. the OECD Pillar One proposals and the proposed article 12B of the UN Model); and (ii) the proposed global policy for taxing untaxed and/or undertaxed profits (i.e. the OECD Pillar Two proposals). Quite apart from the global implications of these proposals, these issues have particular resonance for developing countries. This session will address these topics, with special emphasis on Africa. The session will begin with a technical presentation setting out an overview of the main points, with the relevant highlights for Africa. This will set the stage for the ensuing panel discussion.COVID-19 and Africa: A Tax Perspective
The COVID-19 pandemic has had a disruptive impact on economies all over the world, and African economies have been particularly hard hit. Across the globe, governments have introduced measures to alleviate the economic impact of the pandemic. At the height of the pandemic, the key focus had been to introduce measures to keep businesses going and, where possible, to cushion them from the harshest economic effects.
From a tax administration perspective, COVID-19 has severely impacted revenue mobilization: falling profits mean lower tax revenues. Governments have had to adjust their fiscal policies to account for this reality.
However, one year into the pandemic, governments are turning more attention to the shortfall in tax revenues, bringing in new policies to claw back their expenditures.
This session will address these particular issues, set in the African context.
From a tax technical perspective, COVID-19 has also created challenges in the application of tax rules across a wide spectrum of topics. One such area is transfer pricing, where significant issues have arisen. For example, due to the effects of the pandemic, a large number of companies have had to adjust their operations. Such adjustments have impacted various transfer pricing considerations, including supply chain management and contemporaneous documentation.
The second part of this session will address the main transfer pricing issues arising from the COVID-19 pandemic.
Trade and Investment in Africa
The African Continental Free Trade Area (AfCFTA) entered into effect on 1 January 2021. The AfCFTA has potential to become the largest trading bloc in the world, creating a unified African market for goods and services. Even so, there are hurdles ahead, especially given the big issues of our time: the digitalized economy and COVID-19. The first part of this session will be devoted to this discussion.
The second part of this session will feature a presentation of the Belt and Road Initiative, with a focus on its tax, trade and investment implications for Africa.This symposium is an initiative of the IBFD Centre for Studies in African Taxation, a think tank devoted to the study and development of African taxation.
- early bird $150 until 11 May 2021. Use promocode early-ATSweb2021
- regular rate $195 from 12 May 2021Tax Authorities and Universities
Officials from an African Tax Authority or students at a university are entitled to a reduced fee.
To obtain the promocode, please send an email to email@example.com from your work/study account.
- early bird $100 until 11 May 2021
- regular rate $125 from 12 May 2021IBFD Authors
- Entitled to a reduction, use promocode auth-ATSweb2021IBFD Correspondents
- Entitled to a reduction, use promocode corr-ATSweb2021ATTENTION
- Please be aware that we are not able to reimburse any paid registration fees. It is possible to have a colleague attend in your place.
- Registration is open until 9 June 2021, 23:59hrs (GMT+2).- Please be aware that we need your payment prior to receiving registration details and thus bank payments will need to be received by 7 June 2021 in order to attend.Supported by:
Day 1 – Thursday, 10 June 2021
07:00-09:00 GMT/UTC (09:00-11:00 Amsterdam Time)
Conference PreviewSession 1: International Taxation – Overview of the Emerging Policy FrameworkPanel Discussion:1- The OECD/ Inclusive Framework – The Two Pillars Proposals: Overview and Analysis
Break2- The UN Model – The Proposed Article 12B: Taxation of Automated Digital Businesses
- The OECD Pillar One Proposal: Potential Implications for Africa (including: nexus, allocation rules, dispute resolution, compliance and implementation)
- The OECD Pillar Two Proposal: Potential Implications for Africa (including: rule ordering, tax incentives, tax treaties and practical challenges)
Question and Answer SessionConcluding Remarks
- Overview and Analysis
- Challenges and Opportunities for Africa
Day 2 – Friday, 11 June 202107:00-09:30 GMT/UTC (09:00-11:30 Amsterdam Time)IntroductionSession 2: COVID-19 and Africa: A Tax Perspective
1- COVID-19 and Falling Tax Revenues: Challenges for African Tax Authorities
- COVID-19 and Tax Relief Measures: Overview of Global Trends
- COVID-19 and Revenue Mobilization: Overview of Global Trends
- COVID-19 and Tax Policy in Africa (including: policy developments on tax incentives, tax administration measures and proposals for new taxes (e.g. green taxes, wealth taxes and windfall taxes))
2- COVID-19 and Transfer Pricing: Selected Issues in Africa
- Comparability Analysis under COVID-19 Circumstances
- Impact of COVID-19 on Intercompany Transactions
- The Future of the Arm’s Length Principle
Session 3: Trade and Investment in Africa
1- The African Continental Free Trade Area
- Overview of the AfCFTA
- Current Status of Trading under the AfCFTA (including: focus on selected countries that have commenced trading)
- AfCFTA and COVID-19: Challenges and Prospects
- AfCFTA and the Digital Economy: Challenges and Prospects
- AfCFTA and Taxation – Considerations from Domestic Tax Law, Tax Treaties and Investment Treaties
2- The Belt and Road InitiativeThe second part of this session will feature a presentation of the Belt and Road Initiative, with focus on its tax, trade, and investment implications for Africa.Session 4: Book Launch
Base Erosion and Profit Shifting: A Blueprint for Africa’s Response, by Professor Annet Wanyana Oguttu.
The book presents a thorough analysis of the implementation of the OECD BEPS measures throughout Africa, complete with in-depth studies of the applicable law and practice of various African countries.
This book is a publication of the IBFD Centre for Studies in African Taxation (CSAT).Closing RemarksEnd of the Conference