Managers of Wealth Africa

R50 billion tax surprise for South Africa

It will also indicate any changes to the proposed revenue and spending estimates for the second half of the year.

States, FCT collect N2.64 trillion taxes from workers as PAYE jumps 40.3%

PAYE remained the largest component of tax revenue collected by states

20% tariff hike for struggling R33 billion industry in South Africa shot down

The company alleged that South Africa’s paper industry was under threat from cheaper international imports, which could harm domestic operations.

IMF: Anti-tax avoidance reforms could deliver bigger gains for emerging economies

The IMF said technological change and the growing use of intangible assets have expanded opportunities for multinational companies to move reported profits to jurisdictions with lower tax rates

Nigeria Offers Tax Breaks to Lure $50B in Offshore Oil Projects

Nigeria introduces tax credits up to $11.50 per barrel for deepwater oil and gas projects to attract $50 billion investment.

COMAC wants fuel taxes frozen to ease pressure on consumers

Dr Oppong explained that the fund ensures consumers pay the same fuel price regardless of their location.

SARS nails taxpayer for R900,000, freezing his account, and ordering his bank to pay up

The case centred on the taxpayer receiving undue payments from a fraudulent VAT refund scheme that occurred in 2024.

Mozambique May Commit 96% of Tax Revenue to Wages and Debt by 2027

The pressure stems from a trajectory of entrenched fiscal rigidity projected by the Ministry of Finance.

New tariffs on the cards for South Africa

The request noted that South Africa’s paper manufacturing industry is facing pressure from international competition.

Warning for taxpayers about the 2026 filing season

The emails often use phrases such as “Refund due” or “SARS letter of demand,” prompting recipients to open the file without verifying its source.

SARS commissioner has a message for taxpayers in South Africa

This resulted in the development of world-class systems, the rise of automated assessments, and the closing of various tax loopholes in legislation.

Taxpayers score a major win against SARS

The SCA ruled that they are—at least in the specific circumstances outlined in law.

Offshore Income, Onshore Tax: Botswana’s new attribution rule redraws the boundaries of residency

With the ownership and low-tax tests satisfied, the next question is what income is actually in scope.

Three taxes punish South Africans for saving and investing

Capital gains tax applies when an investor sells an asset for more than its base cost, De Villiers explained.

Mozambique Tax Revenue Rises 11.9% in First Half of 2026

Tax receipts for the period represented 47.5% of the full-year target, compared with approximately 149.7 billion meticais (2 billion euros) collected in the same period of 2025.

SARS nails taxpayer with R2 million penalty for tax return fraud

The taxpayer thought they were in the clear, but SARS’ new AI capabilities picked up a risk assessment, prompting the revenue service to investigate further.

What to know about double taxation treaties

The agreement which was signed virtually will also curb tax evasion and avoidance, and create a more predictable tax environment for businesses and investors operating across both economies.

Wealthy but cash poor: Why ‘tax clever’ retirement structures can trap families

If a structure saves tax but leaves a family confused, delayed and cash-strapped, it may not be clever at all.

SARS three-year warning for taxpayers in South Africa

This rule applies unless SARS can demonstrate that the taxpayer was incorrectly assessed due to fraud, misrepresentation, or the non-disclosure of material facts by the taxpayer.

SARS nails taxpayer in new VAT ruling

In a case where a business has expenses for both taxable and non-taxable purposes, an apportionment method is used to determine how much tax is due.