In October 2016, Cenfri attended the Africa Tax Administration Forum (ATAF). ATAF is a membership driven African intergovernmental platform that focuses on improving the capacity of African tax administrations, advancing the role of taxation in African governance, and developing and supporting partnerships between African countries and development partners. Over 90 participants (including tax and revenue authorities from over 40 African countries) were invited to the event. , which combined an ATAF General Assembly with technical session on “Harnessing the African cash economy: Contributing towards expansion of the African tax base”.
Tax authorities, policymakers, and other stakeholders need to better understand these needs to enhance financial inclusion. Our input also emphasised the need for tax authorities to coordinate effectively with other regulators (ecosystem approach) in ensuring that Financial Access Task Force (FATF) guidelines on Anti-money Laundering and Combatting the Financing of Terrorism (AML-CFT) are properly implemented to avoid financial exclusion arising from de-risking and growing cash economy.
The key takeaways from Cenfri’s engagement at the ATAF event include: