Managers of Wealth Africa

How much tax you’re really paying in 2025

Crunching the numbers in the proposed 2025 Budget, independent data analyst Pieter Jordaan shows that lower-income earners are set to bear the brunt of the coming hikes.

Good news for South African taxpayers

This would have significantly increased the price of most products in South Africa, impacting all population sectors.

Reps committee adopts Tax Reform Bills as a working document, maintains VAT at 7.5%

Faleke expressed optimism that the Nigeria Revenue Service would enhance seamless tax harmonization and administration.

Godongwana urged to cut spending over tax hikes amid economic crisis

A proposed increase in VAT from 15% to 17% has met with significant opposition, with many stakeholders outright rejecting the plan.

Medical aid tax credits, fuel levies and VAT – what to expect in South Africa’s new budget

Treasury has stressed that South Africa’s VAT is still lower than the 19% seen in peer countries

Zimbabwe’s Tax Shift: Can VAT Reforms Boost Revenue Without Increasing Poverty?

The study recommends targeted cash transfers to protect low-income households while maintaining fiscal stability.

Innovative trust options to effectively protect vulnerable beneficiaries

A guide with some tax-free and tax-efficient options for significant savings.

KPMG: Africa’s Game Industry Earns Less Than 1% of $187bn Global Revenue

The report said only 3 per cent of the 66 sampled studios across 23 African countries were able to reach the $1 million revenue mark.

Godongwana wanted to raise Vat: The pros and cons of a tricky tax

The hike was expected to raise an additional R60bn in revenue, but would temporarily raise inflation and have a negative impact on business income and profitability.

Unpacking tax-free savings accounts

Learn how to utilise this vehicle to its maximum potential.

South Africa’s plan to hike VAT to 17%

This would have taken effect from 1 April 2025.

Tax hikes and Eskom cuts: Inside the ‘cancelled’ 2025 Budget

The documents confirmed the increase in VAT to 17%, which was widely unexpected by experts in the build-up to the speech.

Inside Treasury’s plans to shield poor from VAT hike

Basket of tax-exempt essential food items is expected to be expanded

VAT blow to South Africa

Many countries, including South Africa and most of Europe, charge a value-added tax on goods and services imported into their countries.

Tax hike warning, and legal trouble for top KZN estate

On Monday (17 February), the rand strengthened slightly, trading at R18.34 to the dollar, R23.09 to the pound and R19.23 to the euro. Oil is trading lower at $74.91 a barrel.

KPMG Introduces Tax Orbit to Simplify Tax Compliance in Nigeria

Tax Orbit presents a proactive solution for businesses to navigate Nigeria’s tax landscape while helping companies reduce the risk of unexpected tax bills.

Warning over medical aid tax credits, wealth tax and more in South Africa

Every year, the finance minister seeks input from the country on how to manage the state’s finances and what they want to get out of the budget.

SARS is coming after your bank account

Court rulings in the Revenue Service’s favour have also repeatedly reinforced this.

Big announcement about dividends tax changes in South Africa

Legal rulings, including decisions from the Dutch Hoge Raad and a Cape Town Tax Court cemented these exemptions.

A higher VAT revenue intake in Q3

The sequential increase in VAT collection was driven by higher VAT collections across all revenue items.