The Implications of Non-Compliance with Labor Laws, Payroll, and Tax Regulations in Africa.
In an increasingly globalized economy, compliance with local labor laws, payroll standards, and tax regulations is not just a legal requirement but a cornerstone of sustainable business operations. Africa, with its diverse and dynamic markets, presents both opportunities and challenges for businesses. However, failure to adhere to the continent’s regulatory frameworks can have far-reaching implications. […]
African Countries Reap Highest-ever Fiscal Benefits from Tax Transparency 2024
Launched on Monday 03, 2024 at the 15th Meeting of the Africa Initiative in Lomé, Togo, Tax Transparency in Africa 2024: Africa Initiative Progress Report shows African countries collected more fiscal revenue through tax transparency, exchange of information and related measures in 2023 than over the 13 preceding years combined. With EUR 2.2 billion of additional revenue reported by 7 African […]
Tax Transparency in Africa 2024: Africa Initiative Progress Report
NEW EDITION PUBLISHED ON 3 JUNE 2024 Tax Transparency in Africa is a key output of the Africa Initiative, a programme established in 2014 to ensure that African countries are equipped to exploit the latest improvements in global transparency, to better tackle tax evasion and other illicit financial flows and ultimately improve domestic resource mobilisation to support their […]
The Evolving Landscape: Consulting in a Globalized Future
The consulting industry stands on the brink of significant transformation, driven by technological advancements, shifting market dynamics, and evolving client expectations. As we look towards the future, several key trends are emerging that will shape the consulting landscape. For companies like Groconsult Management Consortium, a leading provider of global Employer of Record (EOR), HR, and […]
China reinforces African presence with increased mineral investments
China’s flagship economic cooperation program is making a strong comeback after a slowdown during the global pandemic, with a renewed focus on Africa. A Reuters analysis of lending, investment, and trade data shows this resurgence. Chinese leaders have cited the billions of dollars committed to new construction projects and record levels of two-way trade as proof of […]
Stay Compliant, Avoid Penalties: GroConsult Tax, Payroll & Statutory Filing Services
Running a successful business in Africa requires focus on your core operations. But navigating the complexities of tax and payroll regulations can be a significant time drain and a potential minefield of legal repercussions. GroConsult: Your Partner in Compliance At GroConsult, we understand the challenges businesses face when it comes to tax, payroll, and statutory […]
SML owes GRA GH¢31.88m in taxes – KPMG Report
The full KPMG report released by President Akufo-Addo on Wednesday, May 22, has revealed that Strategic Mobilisation Ghana Limited (SML) is indebted to the Ghana Revenue Authority (GRA) to the tune of GH¢ 31.88 million for unpaid taxes spanning eight months of service provision. This outstanding amount also includes accrued interest, estimated at GH¢ 18.50 […]
Unveiling Investment Opportunities in Africa with GroConsult as Your Guide
Africa is no longer the sleeping giant of the investment world. With economies soaring, a burgeoning middle class, and rapid urbanization, the continent is a land of opportunity waiting to be explored. GroConsult, a leading EOR (Employer of Record) and immigration support services provider, can be your trusted partner in navigating this exciting investment landscape. […]
Growth opportunities for African fintech abound.
The fintech landscape in Africa is experiencing a surge in growth opportunities, with South Africa emerging as a key player in this dynamic sector. Despite global challenges, venture capital investment in South Africa remained resilient, marking a 6% increase to reach a notable $620 million in 2023. Fintech solutions, particularly those addressing payment challenges, continue […]
Emirates to resume flights to Nigeria from Dubai on Oct. 1
Emirates will resume services to Nigeria from 1 October 2024, operating a daily service between Lagos and Dubai, and offering customers more choice and connectivity from Nigeria’s largest city to, and through, Dubai. The service will be operated using a Boeing 777-300ER. EK783 will depart Dubai at 0945hrs, arriving in Lagos at 1520hrs; the return […]