PWC’s Paying Taxes Report (2015) evaluates tax regimes in 189 countries around the world. The report reveals that Africa’s Total Tax Rate (TTR, overall tax burden imposed on business) has been continuously reduced since 2005 such that 15 African countries including Zambia, Ghana and Rwanda have lower TTRs than 7 of the G8 countries. Africa also offers a shorter average compliance time (87 hrs) for corporate income tax than South America (138 hrs) and North America (101 hrs). Read more here…
