Bento Publishes Pan-African White Paper on Taxation
Research Reveals African Governments Must Find Scalable Means of Tax Collection to Generate billions in Additional Income
Bento, a pan-African digital payroll and HR Management (HRM) platform with tax remittance capabilities, has today published Africa’s first-of-its-kind White Paper, titled Statutory Remittances in Africa. The White Paper delves into taxation systems in 53 African countries and underscores the advantages of governments adopting digital payroll systems to collect income tax and other obligatory deductions accurately.
The White Paper thoroughly explores the intricacies of income tax, a pivotal revenue source for African economies, comprising approximately 33% of the total income generated. While specific income tax ranges differ from one country to another, with variatio...