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Uncertainty stalks progress to single currency deadline

The single currency regime is the third pillar for the EAC regional integration process after the Customs Union, the Common Market, with Political Federation being last. ....

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Verdict on EAC admission of DRC set for November

The EAC technical experts have been reviewing a report of the mission tasked with verifying the readiness of DR Congo. ....

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Back to drawing board for EA domestic tax harmonisation

According to the EAC, the focus of harmonisation of excise duties and VAT is to achieve neutrality for investments and trade ....

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Harmonisation of taxes remains elusive as states stick to own rates

The East African
Tuesday February 23 2021
Summary
Source close to the negotiations told
The EastAfrican that the technical experts from member countries tasked with harmonising the varying tax rules and rates in the region have not held sessions for over a year after some member countries raised concerns over the plan to harmonise value added tax (VAT), Income tax and Excise tax.
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East Africa’s grand plan of harmonising domestic taxes to eliminate harmful tax competition and promote the region as a single investment destination faces headwinds as partner states develop cold feet in agreeing on the uniform tax rules and rates for the six-member economic bloc. ....

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