The complexity of the global tax plan’s profit reallocation rules continues to be a concern for tax authorities in Africa, delegates to a committee of the African Tax Administration Forum said.
The delegates “questioned whether that administrative burden is justified as the tax received by African countries under Amount A may be minimal,” ATAF wrote in a statement Wednesday, describing the latest meeting of the Cross-Border Taxation Technical Committee.
Under Amount A of the 2021 global tax deal, multinationals will see a slice of their profits reallocated to market jurisdictions where they have customers.
- Countries where the ...