The African Tax Administration Forum (ATAF) says boosting Domestic Resource Mobilisation (DRM) is key to closing the gap, reducing overreliance on external funds, and giving governments more fiscal independence. Africa's tax-to-GDP ratio remains below… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader G20 tax reforms may reshape Africa's SME landscape By Enitan Ajebukola Ajewumi on August 29, 2025 The African Tax Administration Forum (ATAF) says boosting Domestic Resource Mobilisation (DRM) is key to closing the gap, reducing overreliance on external funds, and giving governments more fiscal independence. Africa's tax-to-GDP ratio remains below the 15% mark needed for sustainable growth, but even a 1% rise could generate an extra $35 billion yearly. Read also, G20 tax reforms may reshape Africa's SME landscape Nigeria-South Africa chamber to boost SMEs, youth participation in bilateral trade Borno ICT agency strengthens knowledge base to drive SME growth India, Japan set sights on deeper SME-driven economic cooperation SMEs in agriculture urged to adopt data-driven practices For SMEs, this push could mean tighter tax enforcement, broader tax reforms, and stronger measures against illicit financial flows (IFFs) like transfer mispricing and trade mis-invoicing. ATAF stresses that better tax systems, anti-corruption reforms, and gender-inclusive policies are vital for sustainable development and for creating an enabling environment where small businesses can grow.

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