Generations ago, Africa and Australia were world’s apart in many ways and business connections between these terrific two territories were very limited.

But Aussies and Africans actually have plenty in common – both boast diverse cultures, rich natural resources and unique fauna and flora.

And thanks to technology developing at breakneck speed, doing business across borders is easier now than it’s ever been before.

So if you’re thinking of dipping your investment toes into the waters in Aus, there are plenty of opportunities on offer, but you’ll need to plan properly to make any factfinding trip worthwhile.

But if you’ve never been there before, you might not know a kangaroo’s pouch from a koala’s claw, so where do you start?

Right here – these five tips for doing business Down Under in 2020 will provide perfect peace of mind and propel your plans.

1. Attend Africa Down Under

If you’re interested in investing in minerals, Western Australia is definitely worth a closer look. So attending the Africa Down Under Conference in Perth between 2-4 September will raise your awareness of the opportunities available in the Aussie mining and energy sector and let you mingle with potential collaborators.

And whether you’re a geologist, health and safety expert or explosives ace, your skills and expertise could be very sought-after indeed.

2. Secure Your Business Visa

Before planning too far ahead, please bear in mind that since the purpose of your visit to Australia is business-related, you’ll need to secure the relevant visa from authorities before booking any flights, accommodation and events tickets.

Depending on the nature of your prospective business Down Under, you’ll either need a Business Talent or Business Innovation and Investment Visa – find out more at business.gov.au.

3. Find cheap flights

You’ll want to save as much cash as possible on your international flights to and from Australia and on any internal flights to various conferences, meetings and networking events.

So browse kayak.com.au for early bird deals on domestic Aussie flights and check out Shyscanner.net for top value international flights – this way, you’ll have more to splash out on relaxation and entertainment during your sojourn.

4. Hire a car

Australia is a vast territory, so if you’ve arranged coast to coast meetings, as discussed, you’ll need to arrange internal flights.

However, if you’re based in a charming city like Sydney or Melbourne for a week or more, hiring a care can be a comfy and convenient way to meet contacts and enjoy everything the country has to offer – consult vroomvroomvroom.com.au for the best deals on corporate car hire.

5. Airport parking

With your hire care fuelled up and ready to ferry you from one high powered meeting to another, you won’t want to get your power-suit crumpled by travelling to air hubs via cramped public transport.

So find Australian airport parking at Looking4.com and feel cool, calm and collected for your trans-Australian business trips.

So ends our list! But please share your own Africa to Australia business tips in the comments section.

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The African Tax Administration Forum (ATAF) this year celebrates its first decade as an international organization, serving 38 member countries and championing the interests of African countries in international taxation.

In the 10 years since its inception in November 2009, at a conference in Kampala, Uganda, ATAF has made significant progress and boasts of achievements, which have cemented its position as the leading organisation on tax matters.

To mark its 10th anniversary, ATAF will celebrate the achievements of our first decade, reflect on and learn from our history and map out our future path at a number of regional events and finally at an International Conference on Tax in Africa, which will take place in Kampala, Uganda from November 19-22, 2019.

This biennial conference, organised by ATAF and hosted this year by the Uganda Revenue Authority, will consider the theme: Innovation – Digitalisation and Harnessing Technology to Improve Tax Systems.

This theme will cover innovative solutions to the policy challenges that countries face in dealing with the taxation of the digital economy, an issue that will inform the global tax debate over the next decade.

It will also look at innovation through the use of technology in Africa to strengthen tax systems and develop solutions that will broaden the tax base, deal with high net worth individuals and improve assessment and collection to increase tax efficiency and effectiveness.

ATAF’s regional celebrations will coincide with the hosting of key events which are scheduled to take place as follows:

North African region – 4 and 5 July 2019: The inaugural meeting of a Master Class for the heads of African Tax Administrations will be held in Rabat, Morocco. Heads of Tax Administrations from all 54 African states have been invited to attend the meeting.

Southern African region – 30 and 31 July 2019: High Level Policy Dialogue meeting of policy makers and tax officials to be held in Victoria Falls, Zimbabwe. This meeting aims to promote an understanding of the nexus between tax policy and tax administration and strengthen the relationship between policymakers and tax administrators.

West African region – 2-6 September 2019: The 5th ATAF African Tax Research Network Congress to be held in Ouagadougou, Burkina Faso.

East African region – 19-22 November 2019: This region will host the main celebration at the International Conference on Tax in Africa in Kampala, Uganda, as ATAF returns to its birthplace to celebrate its 10th anniversary.

ATAF key achievements are; 

ATAF has provided Technical Assistance through 20 country programmes (12 on cross border taxation and eight on exchange of information). The country programmes have led to:

The  reviewing  of  business  structures  and procedures;

·         The training of 500 auditors;

·         Implementation of Automatic Exchange  of Information (EoI) and EOI units and trans- fer pricing units in over 15 countries;

·         The revision of transfer pricing legisla-  tion, new interest deductibility legislation, and new permanent establishment rules de- signed to reduce tax avoidance and evasion;

·    The enactment of new transfer pricing  laws and regulations in more than 12 countries (including Zambia, Uganda, Senegal, Botswana, Kenya, and Nigeria) based on the ATAF Suggested Approach to TP Legislation.

·         Increases in tax collected due to these interventions now totals USD194 million. In addition, USD1.1 billion has been raised in assessments as at the end of 2018.

ATAF has improved the capacity of African tax administrations (over 15 000 policy makers, officials and parliamentarians have been trained) on tax audits and tax treaties; compliance risk management and fraud detection; tax and development; revenue forecasting and analysis to mention but a few topics.

ATAF has played an active role in the global tax agenda over the last decade. To date, the organisation has participated in 72 regional, continental and global fora to promote African perspectives on tax issues and represent the views and interests of its members. ATAF is a key player in the OECD Inclusive Framework and the UN Committee of Experts. The organisation has significant regional and international visibility and was recognised by the African Union in 2018 as the leading organisation on tax in Africa.

ATAF works collaboratively with  regional and global platforms such as the United Nations Economic Commission for Africa, the High-Level Panel on Illicit Financial Flows, The Global Forum on Transparency and Exchange of Information for tax purposes, Trust Africa and the Tax Justice Network. These collaborations are aimed at countering abusive tax practices by multinational enterprises and combatting of illicit financial flows from the continent.

ATAF established an African Tax Research Network (ATRN) in 2015, a platform for African inspired dialogue, research and collaboration. The network has held a congress aimed at promoting an African-based thought leadership on tax matters  annually  since  2015,  drawing  a told of nearly 350 participants. The 2019 ATRN  congress is scheduled to take place  in Burkina Faso in September.

Through the ATRN, ATAF.

• Provides support to junior and middle career researchers with the aim of increasing the research capacity in Africa
• Promotes the development of home-  grown solutions to African tax challenges and enhances debate and cooperation amongst tax officials, academics, policy makers, tax practitioners and civil society.

ATAF launched its African Tax Outlook (ATO) in 2016 featuring data from 15 African countries. Since then the number of countries participating in the ATO has grown each year, to 34 countries for the 2019 and 37 countries for 2020 editions. The ATO assesses and compares data of an African countries against indicators in four broad categories: tax bases, tax structure, revenue performance, and tax administration. The annual publication is now regarded as the leading reference point on continental tax data providing valuable, practical and relevant descriptive and analytical work on tax issues.

ATAF established an Executive Masters Programme in Taxation (EMT) in 2014 to strengthen the capabilities of tax officials, tax policy makers, and tax practitioners from across the African continent. To date, 87 participants (both English and French speaking) from 20 countries have graduated and have designed, implemented  and  steered  reform   processes in the fields of public finance, tax legislation, applied tax policy, and tax administration in their countries.

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Energy and metal commodity prices are expected to continue to fall in 2020 following sharp declines in 2019 on a weaker outlook for global growth and consequent softer demand, the World Bank said in its October Commodity Markets Outlook.

“Slowing demand for commodities presents a challenge for exporters and an opportunity for importers,” said Ceyla Pazarbasioglu, World Bank Group Vice President for Equitable Growth, Finance & Institutions. “As both of them switch from using one commodity to another due to price fluctuation and technological advance, it will be important that these resources be produced and consumed in an environmentally sustainable way.”

Crude oil prices are projected to average US$60 per barrel in 2019 and weaken to US$58 per barrel in 2020. These forecasts are US$6 per barrel and US$7 per barrel lower than anticipated in the April Commodity Markets Outlook. In line with the slowdown in global growth, oil consumption is now expected to rise at a much slower pace than earlier forecasts and increase only modestly next year. A sharper-than expected economic downturn poses the greatest risk to the oil price forecast. More broadly, energy prices, which also include natural gas and coal, are expected to average almost 15 percent lower in 2019 than in 2018, and to continue to decline in 2020.

Metal prices are also projected to fall 5 percent in 2019 and continue to slide next year as slowing global demand weighs heavily on the market. Precious metals, which have risen sharply this year, are anticipated to make further gains in 2020 in response to heightened global uncertainty and accommodative monetary policies. Agriculture prices are anticipated to decline this year but stabilize in 2020.

A resolution of trade tensions could push up the prices of some agricultural commodities, such as soybeans and corn, while lower energy prices could lower fuel costs and fertilizer prices, reducing prices of energy-intensive crops such as oilseeds.

A special section in the report looks at what drives consumers to substitute one commodity for another, such as natural gas for coal, or paper instead of plastic. These substitutions are driven by technological innovation and changes in commodity prices. This phenomenon highlights the risks to the long-term growth prospects of countries that rely heavily on a narrow group of commodity exports.

“Depending on export revenues from a small set of commodities makes commodity-exporting developing economies vulnerable because demand surges and higher prices could induce innovation and facilitate substitution among commodities,” said Ayhan Kose, Director of the World Bank’s Prospects Group.

Another special section looks at the impact of the September 14 attacks on oil production facilities in Saudi Arabia. The market response was short-lived by historical standards because of the swift restoration of production, increasingly diversified sources of oil supplies, including shale oil, and weakening demand. However, it was a reminder that the global oil market remains dependent on several critical infrastructure and transport bottlenecks that may be vulnerable to disruption.

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