Tax a significant threat for doing business in Africa, survey shows
PORT LOUIS — Tax is regarded as a significant threat for doing business in Africa, according to a PwC survey released on Tuesday.Tax is the second-most significant threat for companies doing business in African countries, after political instability, according to the survey.Certainty around the tax position remains one of the main concerns for companies doing business in Africa. The Democratic Republic of Congo, Nigeria and Angola were considered among the most difficult countries in which to do business.South Africa was also considered to be the most difficult place from a business and regulatory perspective."While we see interest in doing business in Africa growing, and with that foreign investment into the various countries, we see the need for guidance and best practice in terms of tax and regulation growing too," PwC Africa head of tax Paul de Chalain says."The most significant findings of PwC’s second Africa Tax Survey confirm that doing business in African countries is still ...
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