14/06/2022 – Launched today during the 11th meeting of the Africa Initiative, Tax Transparency in Africa 2022 documents the region’s latest progress in tackling tax evasion and other illicit financial flows (IFFs) through transparency and exchange of information (EOI) for tax purposes.
The report covers 38 African countries and is a co-production of the Global Forum on Transparency and Exchange of Information for Tax Purposes, the African Union Commission and the African Tax Administration Forum. It measures the impact of the Africa Initiative’s work and details capacity-building activities carried out by the Global Forum and its partners in 2021.
Major achievements in recent years include:
New political engagements further reinforced the multilateral efforts to advance tax transparency in 2021: Algeria joined the Global Forum – becoming the 33rd Africa Initiative member – and signed the Yaoundé Declaration. Rwanda also added its voice to this important initiative, which now counts 34 signatories.
"I wish to applaud the members of the Africa Initiative for their commitment and resilience in implementing tax transparency standards during the difficult times occasioned by the COVID-19 pandemic," said Githii Mburu, Commissioner General of the Kenya Revenue Authority and Chair of the Africa Initiative. "The Tax Transparency in Africa 2022 report is an enlightening testament to the valuable gains made in the fight against tax evasion and illicit financial flows through consistent utilisation of EOI networks and tools."
While showing swift and positive developments, the report points out uneven progress across the region. Four countries alone accounted for 92% of all requests sent by African countries in 2021; and four from the six countries assessed in the second round of EOIR peer reviews so far were rated partially compliant, showing common difficulties in the implementation of the EOIR standard, which includes advanced beneficial ownership requirements.
“The Global Forum will pursue and intensify its efforts to actively promote the transparency agenda in Africa,” said Zayda Manatta, Head of the Global Forum Secretariat. “We look forward to helping further develop local capacities, for example through our Train the Trainer programme, to achieve more transparent tax systems for the benefit of all African countries and their citizens.”
Launched in 2014, the Africa Initiative seeks to ensure that African countries are equipped to exploit the latest advances in global transparency, to better fight tax evasion and other IFFs and ultimately improve resource mobilisation to sustain their development.
The Kenya Revenue Authority is hosting the 11th meeting of the Africa Initiative from 14 to 16 June 2022 in Nairobi, Kenya. The event will gather high-level representatives and experts from African tax administrations, regional and international organisations, as well as academia and the civil society.
For further information, journalists should contact Pascal Saint-Amans, Director of the OECD Centre for Tax Policy and Administration (+33 1 45 24 91 08), or Zayda Manatta, Head of Secretariat of the Global Forum on Transparency and Exchange of Information for Tax Purposes (+33 1 45 24 82 29).