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The Role of Custodial Services in Transforming Rwanda Capital Markets
August 29, 2024by Articles
The Role of Custodial Services in Transforming Rwanda Capital Markets
When outlining his plans to transform the Rwanda capital market, Mr. Thapelo Tsheole, the new CEO for Rwanda Capital Market Authority (CMA) noted that there is need for aggressive awareness creation about capital markets in Rwanda. He also noted the need for capacity building for various stakeholders in the Rwanda capital market including the regulators,...
December 2, 2023by
Buffer Pools: Safeguarding the Integrity of Nature-Based Carbon Credits
In the pursuit of addressing climate change and reducing greenhouse gas emissions, nature-based carbon credits have emerged as a powerful tool. These credits, generated through activities like afforestation, reforestation, and conservation projects, have the potential to provide up to 30% of the global climate mitigation required to limit global warming to 1.5 degrees, as highlighted...
November 24, 2023by fiecon
Best Practices for Developing & Maintaining Audit-Ready Intercompany Agreements For MNEs
The establishment of suitable Intercompany Agreements (ICAs) is a continuous initiative rather than a singular undertaking. This is attributable to the dynamic nature of the group’s composition, subject to alterations resulting from acquisitions, organic growth, or organizational reconfiguration. Additionally, the group must periodically revise its Transfer Pricing (TP) compliance strategies due to modifications in tax...
November 24, 2023by fiecon
The Significance of Intercompany Agreements (ICAs) in Transfer Pricing Compliance
Intercompany agreements, or ICAs, are legal contracts entered into between businesses with similar interests. These agreements lay the groundwork for the legal structure that governs the provision of services, products, intangible assets, and financial assistance inside a corporate group. Management services, administrative and other back-office services (e.g., finance, tax, legal, and HR services), marketing services,...
November 8, 2023by fiecon
Understanding Controlled Foreign Company (CFC) Rules for Multinationals
Controlled Foreign Company (CFC) rules are tax laws that are designed to prevent multinational companies from shifting profits to subsidiaries located in low-tax jurisdictions in order to avoid paying taxes in their home country. These rules aim to ensure that multinational companies pay their fair share of taxes on the income generated by their foreign...
November 3, 2023by fiecon
Fair Taxation For Multinational Companies: Simplifying The STTR Rule (Prt 1)
The STTR rule, part of the Inclusive Framework on BEPS, helps countries fairly tax multinational companies. It’s one of the rules under Pillar Two, which allows countries to tax certain payments when other countries don’t tax them enough. The STTR focuses on preventing companies from dodging taxes by moving their profits to countries with very...
October 27, 2023by fiecon
Ethiopia Capital Markets Stakeholders Mapping: The ECMA & ESX
Capital markets play a critical role in efficient and arguably effective allocation of scarce financial resources to competing investment opportunities in a given economy. They also provide an alternative source of capital for the private and public sectors in countries where they are well established. Capital markets complement the traditional sources of capital for businesses...
October 4, 2023by fiecon
From Fields To Factories: Agrarian Revolution To Fourth Industrial Revolution (4IR)
The progression from the Agrarian Revolution to the Fourth Industrial Revolution represents pivotal milestones in human history, marked by profound shifts in technology, economics, and society. To provide a comprehensive understanding of these transformative periods, we offer the following summary: Agrarian Revolution (circa 10,000 BCE): The Agrarian Revolution, also known as the Neolithic Revolution, marked...
October 4, 2023by fiecon
Charting A Course For Sustainable Growth: Kenya Medium-Term Revenue Roadmap – Prt 2
Tax Policy Changes Value Added Tax Firstly, there is a proposal to review the VAT threshold, aiming to optimize operational efficiency within the VAT system.  Reviewing the VAT threshold can enhance efficiency by streamlining the administration of VAT, potentially reducing compliance burdens for small businesses. Secondly, a comprehensive assessment of exempt and zero-rated supplies is...