However, the EU list does not seem to take into account the current debate on taxation in the world.
The evaluation criteria used relate mainly to tax transparency, tax fairness and the implementation of the Minimum Standards for the Transfer of Profits (BEPS). The Africa (30) average is not available before 2009 due to missing data in some countries. The Africa (30) average was 16.5 in both 20 due to rounding. The institution said: "This list is part of the work of the EU to fight against tax fraud and tax evasion.’’ The tax-to-GDP ratio of Namibia excludes social security contributions as the data are not available. In 2017, the 27- member states agreed to establish a list of uncooperative developing countries and territories in tax matters. With 11 other countries and territories, Brussels believes that Seychelles has a "major problem of transparency" in tax matters. The deadline expired August 31 and December 31, 2020. NRST is payable within 20 days following the month in which the dividends were declared. The rate of NRST may be reduced if a DTA is in place with Namibia. In South Africa, the tax threshold sits at N91 250, while in Botswana it is P72 000, and. Although Tanzania reinstated taxes on sanitary products after the government realised that retailers did not lower their prices. The guides highlight taxes payable, determination of taxable income, foreign tax relief, withholding tax. In February last year, the EU granted Namibia and Morocco an extension to continue reforms already undertaken since 2019 to adapt their tax laws to the requirements of the institution. NRST is payable at the standard rate of 10 where a company holds more than 25 shares in the Namibian company. In Namibia, anyone who earns taxable income of N50 000 a year (N4 166 per month) is required to pay tax. Namibia is the latest among a few African countries to abolish tax on sanitary products, following Kenya, Zambia, Rwanda, South Africa, and Tanzania. Worldwide personal tax and immigration guide: Namibia Worldwide VAT, GST and sales tax guide: Namibia PKF Africa Tax Guide 2018-19 Overview of tax and business regulation regimes covering significant trading jurisdictions in this region.