The Southern African Development Community (SADC) held a workshop to capacitate Member States on the newly reviewed SADC Tax Expenditure Model in Johannesburg, South Africa, from 5th to 9th December 2022.
The SADC Tax Expenditure Model, first designed in 2015 and reviewed in 2022 under the Support to Improving the Business and Investment Environment in SADC Region programme (SIBE), is a tool that will empower Tax Administrations and Ministries of Finance to estimate, evaluate and analyse how much tax revenue a Member State forgoes through its tax benefits policies and thus observe the efficiency of such policies.
The workshop comes as a continuation of the work of the SADC Tax Incentives Work Group towards harmonising tax incentives policy in the Region and ensuring that Member States yield the best results from their tax benefits internal policies and reduce undesired economic impact of such policies.
SIBE is a European Union supported programmes aimed at enhancing the business environment, develop a SADC investment zone, promote intra-regional investment and attract Foreign Direct Investment (FDI) in the SADC Region, in particular for small and medium-sized enterprises.
Directorate of Finance, Investments and Customs
Macroeconomic Convergence Unit.
