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Leonard Arpan Aritonang, Partner, LSM Law Firm: Viewpoint
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In the five years leading up to 2022 the government worked to centralise permit applications through an online single submission (OSS) system to make the submission and processing of such applications more efficient. In light of this, Law No. 11 of 2020 on job creation (Job Creation Law) amended Law No. 30 of 2014 on government administration (Government Administration Law). However, in November 2021…
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HH Sheikh Tamim bin Hamad Al Thani, Amir of the State of Qatar: Viewpoint
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God has bestowed a favour on us by living in an era of unprecedented accelerating progress, in which an innovative spirit prevails in the fields of medicine, technology and science; and wherein the human ability of exploiting the resources enabling the provision of a decent life for all of humanity has multiplied. Numerous technological innovations have brought about greater productivity, prosperity…
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President Nana Akufo-Addo: Viewpoint
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Viewpoint:President Nana Akufo-Addo Ghana is currently serving the second of its two-year term on the UN Security Council as a non-permanent member. In the 66 years since the country joined the UN – the first post-colonial African country to do so – this is the third time that we have had the privilege of serving on the council. Ghana is holding firm to the belief that democracy is the…
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Ernest Addison, Governor, Bank of Ghana: Viewpoint
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Viewpoint: Ernest Addison African economies are faced with acute debt challenges, underscored by rising social and infrastructure needs. This is coming amid spillovers from the Covid-19 pandemic, the war in Ukraine, the tightening of global financing conditions and climate change. Public debt in sub-Saharan Africa has reached levels last seen in the early 2000s. The resulting increased debt service…
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Ayesha Bedwei Ibe, Tax Leader, PwC Ghana: Viewpoint
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Viewpoint:Ayesha Bedwei Ibe In 2022 Ghana’s government sought financial and technical assistance from the IMF to strengthen the economy. This decision was taken after several debates about whether the country needed support from the international organisation to improve its economic situation or if the country could resolve the issues by itself. External factors such as the Covid-19 pandemic…
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Afua Adubea Koranteng, Managing Partner, Koranteng & Koranteng Legal Advisors: Viewpoint
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Viewpoint:Afua Adubea Koranteng The African Continental Free Trade Area (AfCFTA) was established in 2018 by African Union member countries, with Accra as its Secretariat. Aimed at fostering socio-economic development, reducing poverty and boosting global competitiveness, the agreement had 54 signatories and 47 ratified countries as of August 2023. The agreement is to be implemented in two phases:…
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Emir Sheikh Mishal Al Ahmad Al Jaber Al Sabah: Viewpoint
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Viewpoint: Emir Sheikh Mishal Al Ahmad Al Jaber Al Sabah These words come in a time of mourning, in the midst of difficult circumstances, I meet you with tears in my eyes, a lump in my throat, overwhelmed by grief and pain. Words fail to express what is stirring in my heart, the feelings of sorrow and mourning for the loss of my brother and life-long companion, the late Emir, Sheikh Nawaf Al Ahmad…
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Emilio Pera, CEO and Senior Partner, KPMG Lower Gulf: Viewpoint
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Viewpoint:Emilio Pera As the capital of the UAE, Abu Dhabi is an economic centre that attracts people and businesses from around the world. The emirate’s strategic location, stable political environment and forward-think-ing policies make it a popular destination for both established and emerging businesses. The introduction of a federal corporate tax pre-sents challenges and opportunities…
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Eyad Reda, Managing Partner, Eyad Reda Law Firm: Viewpoint
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Viewpoint:Eyad Reda “My first goal is for our country to be a successful and pioneering model in the world at all levels, and I will work with you to achieve that.” This statement by King Salman bin Abdulaziz Al Saud sets the foundation for the advancement of the Kingdom, within which the legal framework is an integral part. Indeed, the legal framework is linked with every other aspect of…
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Mubeen Khadir, Head of Tax and Corporate Services, KPMG Fakhro: Viewpoint
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Viewpoint:Mubeen Khadir Since Bahrain implemented VAT on January 1, 2019, the National Bureau for Revenue (NBR) has seen a rise in tax disputes and reassessments. In some cases, these have resulted in litigation between the taxpayer and the NBR. With the VAT rate doubling as of January 1, 2022 – with a one-year transitional period – we are likely to see more such disputes in the years ahead. Certain…