Practical Tips for Doing Business in Africa

Africa

By Cornelia van Heerden, Heyns & Partners Inc.


Africa is a vast continent with up in excess of 1 billion inhabitants and a plethora of cultures and different language groups. Although doing business in Africa was once perceived as a difficult and complex undertaking, this is slowly starting to change. With fewer conflicts, more democratic elections and economic growth rates that have gradually begun to compete with those of other developing regions, Africa is proving itself to be a continent of positive change.

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New Year brings clear procedures on tax residency sourcing rules for foreigners in Romania

Recently passed legislation provides clear sourcing rules based on which foreign individuals tax residence is established on arrival and departure in and from Romania. All foreign individuals arriving in Romania and staying for a period exceeding 183 days within 12 consecutive months, ending in a calendar year are required to fill in a "Questionnaire to determine the individual's tax residence upon arrival in Romania".

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