And that’s a wrap, folks!

As we pack away the calculators, log off our spreadsheets, and sip on something festive, it’s time to reflect on the whirlwind that was 2024. The tax world didn’t disappoint – it kept us on our toes with changes, challenges, and more than a few surprises. Let’s take a look back at some of the highlights that had the tax world a-flutter this year.

Africa: The Land of Opportunity (and Complexity)

Tax in Africa is nothing if not exciting! From the highs to the turbulence, we explored it all. The Mauritius 2024 budget shook things up with new compliance measures, while Eswatini introduced sweeping tax reforms, and Namibia rolled out updates that left businesses scrambling for clarity. Up in Nigeria, withholding tax regulations got a major overhaul, proving that nothing stands still for long in African tax.

And let’s not forget the general quirks and complexities of doing business in Africa. We dived into the “wild skies” with African aviation taxes, tried to demystify exchange controls, and explored the often-overlooked nuances of e-invoicing. Whether you’re investing in Africa or selling into the continent, one thing’s for sure – Africa ain’t for sissies.

South Africa in the Spotlight

It’s been a big year on South African soil too. The 2024 draft tax proposals brought new opportunities for corporate taxpayers, while the two-pot retirement system had a lot of discussion as it aimed to transform how South Africans manage their retirement savings. For businesses looking to restructure, Section 42 remains a valuable but often misunderstood tool, and the latest provisions for preference share dividends have sparked interest among corporate tax planners.

Transfer Pricing Drama and International Intrigue

Globally, transfer pricing grabbed the spotlight yet again. From Apple’s €13 billion tax battle (spoiler: the stakes couldn’t be higher) to the ever-increasing roll-out of Pillar Two rules, the interplay between nations and corporations was as fascinating as ever. On the continent, African transfer pricing developments highlighted a trend toward aligning with international standards, keeping tax teams across the region on their toes.

Heroes Behind the Spreadsheets

And finally, let’s not forget the people at the centre of it all. In “The Scariest Job in the World,” we explored the life of a Head of Tax for a multinational, proving that it’s not just a head for numbers that’s needed, it’s nerves of steel.

Looking Ahead

As we wrap up 2024, one thing is clear: the tax landscape is as challenging and exciting as ever. Whatever happens, you can trust that we’ll be here, tackling the toughest tax topics and sharing insights to help you stay ahead.

Thank you for trusting us as your tax advisors this year.

Here’s to a peaceful 2025!

PS: If you’re already sick of Netflix over the festive season, check out our most popular webinars of 2024. You’ll find expert insights, practical tips, and perhaps even a laugh or two (yes, even tax can be fun!).

• Everything you need to know about Pillar Two with Johann Müller
• Scariest Job in The World… Head of Tax?
• Transforming Tax Processes: Mastering Transfer Pricing in Ireland
• Unpacking Intellectual Property and Transfer Pricing

Regan van Rooy

Regan van Rooy offers bespoke tax solutions for every business type and every business stage. Get in touch today to chat to one of our expert consultants.