03/19/2024
Tax Matters – High net worth individuals are on IRB’s radar
If the HNWI are unable to reconcile the discrepancies, it is advisable for them to volunteer to pay the extra taxes.
03/19/2024
If the HNWI are unable to reconcile the discrepancies, it is advisable for them to volunteer to pay the extra taxes.
03/15/2024
This tax revenue deficiency stems from limited coverage of indirect taxes, poor tax compliance, extensive tax exemptions, and low tax rates.
03/08/2024
The KRA enforced the 15 percent CGT rate from January 2023 deductions
03/05/2024
Dr Kiptoo said budget execution for the financial year 2023/24 has been hampered by challenges in raising resources.
02/27/2024
National Treasury simply does not have a crystal ball and will not now decide that for three years there is no inflation adjustment to tax brackets.
02/26/2024
According to the 2024 Budget Policy Statement, the State aims to boost revenue collection to over 20 percent of the GDP in the next fiscal year.
02/26/2024
Duty remission refers to a rebate of duties paid on imported inputs
02/22/2024
One of the biggest problems highlighted by economists is the country’s growing debt bill.
02/16/2024
The Managing Partner of Mazaars, Uhabia Ojike, who was represented by Simon Kato, said low tax compliance reduced the government’s ability to raise revenue for developmental purposes.
02/13/2024
These initiatives and the under-resourced sectors of education, healthcare and social services need considerable funding.
02/09/2024
The department collected GH¢82.295 billion in 2023 as compared to GH¢53.444 billion collected in 2022 representing a total revenue percentage of 73 to the National coffers.
02/07/2024
The EVC acknowledged the challenges associated with the quality of services from Mobile Network Operators and Internet Services Providers
02/06/2024
With this in mind, the minister warned of tax hikes and a decrease in government spending in the upcoming 2024/25 financial year.
01/29/2024
This was a departure from the previous monthly remittance which had to be made by the 20th of every month.
01/26/2024
In the latest edition of the Critical Skills list, Accountancy, specifically auditing and financial analysis, is in high demand in South Africa.
01/24/2024
The finance minister has already conceded that the 2024 budget will be a challenging one
01/18/2024
Consumers in South Africa are in a tight space now for personal income tax.
01/16/2024
On July 1, 2022, the common external tariff (CET) on imported spirits charged by all the East African Community member states was increased from 25 to 35 percent.
01/12/2024
US-based tower firm American Tower Corporation (ATC) also reported tax savings against the backdrop of a public backlash locally over mounting taxes and levies.
01/05/2024
Some tax exemptions were on importations of raw materials