By Our Reporter
African businesses must access local tax expertise, invest in sound business systems and take the time to understand local tax frameworks and regulations if they are to succeed as they expand into new territories in Sub-Sahara Africa.
That’s according to Gerhard Hartman, Head of Department Sage HR & Payroll International Division. He says the growing focus on compliance across Africa means it is important for companies to have all their paperwork in order.
“Most African governments are eager to expand their tax bases and are investing heavily in modernizing and streamlining tax administration. They understand that more efficient tax collection is their best way to access funds for social spending and infrastructure investment. There is a growing debate about the role multinationals play within African economies and the contribution they are making in developing these economies. Against this backdrop, it’s important for companies to be on top of country specific tax legislations,
