The Member States of the Southern African Development Community on the 8th August 2002 signed the Memorandum of Understanding on Cooperation of tax related matters defining the steps to be taken to co-operate in taxation matters and to harmonise tax regimes in Member States.
Member States agreed to the development of a comprehensive SADC tax database which is publicly accessible, to develop capacity amongst tax professionals and a common approach to the application and treatment of tax incentives.
Member States will also develop a common policy for the negotiation of tax treaties and effectively coordinate and harmonise the administration of indirect taxes. The Agreement encourages a review of the SADC programme on cooperation in tax related matters and the development of the Protocol on Finance and Investment matters in the region.
