Topic Resources
Agenda 2063 is Africa’s development blueprint to achieve inclusive and sustainable socio-economic development over a 50-year period.
Continental Artificial Intelligence Strategy
Promoting Africa’s growth and economic development by championing citizen inclusion and increased cooperation and integration of African states.
Promoting Africa’s growth and economic development by championing citizen inclusion and increased cooperation and integration of African states.
Agenda 2063 is the blueprint and master plan for transforming Africa into the global powerhouse of the future. It is the strategic framework for delivering on Africa’s goal for inclusive and sustainable development and is a concrete manifestation of the pan-African drive for unity, self-determination, freedom, progress and collective prosperity pursued under Pan-Africanism and African Renaissance.
H.E. Mr. Paul Kagame, President of the Republic of Rwanda, was appointed to lead the AU institutional reforms process. He appointed a pan-African committee of experts to review and submit proposals for a system of governance for the AU that would ensure the organisation was better placed to address the challenges facing the continent with the aim of implementing programmes that have the highest impact on Africa’s growth and development so as to deliver on the vision of Agenda 2063.
The AU offers exciting opportunities to get involved in determining continental policies and implementing development programmes that impact the lives of African citizens everywhere. Find out more by visiting the links on right.
What: The opening session of the Specialised Technical Committee on Finance, Monetary Affairs, Economic Planning & Integration- the Sub-Committee on Tax and Illicit Financial Flows will discuss and provide recommendation on tax policy matters that focus on equitability in taxing rights and tax standard-setting initiatives such as the United Nations (UN) Convention on International Tax Cooperation and effective tax administration, especially in cross-border trade.
When: 31st May 2023. 9 AM EAT.
Where: African Union Commission, Old Plenary Hall.
Who: The Opening Session will be addressed by among others;
Background information:
The digital economy has experienced unprecedented growth over the past few decades, transforming the global economic landscape and reshaping the way businesses and individuals interact. This phenomenon has been driven by rapid advancements in technology, widespread internet access, and the increasing penetration of smartphones and other digital devices. This includes increased consumption of digital goods and services, such as streaming platforms, e-commerce, and online advertising. The application of traditional tax principles (Nexus rules) for income tax and in the context of Value Added Tax (VAT).
In many cases, digital services are delivered across borders, making it difficult to establish the appropriate jurisdiction for tax collection. Moreover, the intangible nature of digital goods complicates the process of determining value for taxation purposes.
These developments impact Africa’s ability to mobilize revenues while influencing tax policies and the protection of tax bases. As a result, Africa’s position in the global tax debate requires a renewed approach to tax policy initiatives, including the United Nations Resolution for a Tax Convention and the incoming international tax rules proposed by the OECD Inclusive Framework’s Two-Pillar solution. At a practical level, countries will also be confronted with the collection of revenue from digital sales of goods and services and the allocation of taxing rights on a global minimum effective tax rate.
As African countries continue to grapple with low tax collection and ever-increasing revenue demands, particularly building back from the COVID-19 pandemic, it is critical to address these issues and ensure that the African interest is protected in the design and implementation of the global tax rules. It ought not to be the case that the highly profitable large businesses keep profits that belong to countries – and their people.
The two-day meeting sessions will centre on
The expected outcomes for the First Sub-Committee on Tax and IFFs Issues are:
Find attached is the Concept Note and Agenda Programme.
For further information, please contact:
Doreen Apollos | Information and Communication Directorate | African Union Commission | Tel: +251 115 517 700 | E-mail: ApollosD@africa-union.org l | Addis Ababa, Ethiopia.
Information and Communication Directorate, African Union Commission I E-mail: DIC@africa-union.org
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Agenda 2063 is Africa’s development blueprint to achieve inclusive and sustainable socio-economic development over a 50-year period.
Continental Artificial Intelligence Strategy