Managers of Wealth Africa

Taxman escalates fight with lawyers

The same amount is then credited to the law firm’s iTax account which can be claimed when they are paying their taxes.

Unga fights tax claim in Uganda joint venture

The Unga Millers and Nutreco deal led to the formation of a new venture company called Tunga Nutrition (Uganda) Limited into which Unga Millers transferred its assets in exchange for a 50 percent stake.

Pension tax hit for South African emigrants

The issue of tax residency is key, and South Africans fall into two categories: resident and non-resident.

Tax warning for South African expats

This concerns not only the flagging of returns but also how SARS assesses these fillings.

Treasury says no to zero-rating VAT on more products – because ‘the rich’ will benefit

The tax revenue that is lost from zero-rated food items mostly flows to higher income households because this category

Payroll taxes register biggest shortfall since Covid-19

The slowdown in the Pay as You Earn (Paye), came despite an 11.38 percent growth to Sh110.47 billion

Kenya races to meet World Bank's tax reforms target

The government has highlighted aggressive revenue mobilisation including the deployment of technology by the taxman as actions set to enhance domestic tax collection.

New tax break for a very select few in South Africa

The tax incentive allows ordinary South Africans, who are safeguarding threatened ecosystems or species, to deduct all expenses related to their conservation efforts from taxable income.

IMF tax measures hand President Ruto 19.4pc revenue increase in October

The year-on-year growth in tax inflows for the month was nearly twice the 10.55 percent rise to Sh514.26 billion in receipts for three months through September.

State widens tax net to capture artisanal miners

“Audit findings revealed that the ministry had not developed sufficient measures to monitor artisanal mining operations,” Ms Gathungu said.

Crypto players withhold tax billions

The banking sector regulator said Bitcoin is a form of un-regulated digital currency that is not issued or guaranteed by any government or central bank.

Banks seeking review of law on filing taxes every five days

The law initially required that tax on excisable goods and services be paid on the 20th of the following month, except for goods from abroad whose taxes are remitted at the time of importation.

Digital Tax Collection Could Revolutionise the African Region Reveals Bento

It underscores the advantages of governments adopting digital payroll systems to collect income tax and other obligatory deductions accurately.

SARS says sorry to taxpayers

The message told these representatives to submit their returns within 10 days and then threatened them with legal action should they not comply.

Mobile Wallets: AT Announces It Will Tax Operations and Monitor Transactions

Among the tax measures are a reduction in the Value Added Tax (VAT) rate from 17 per cent to 16 per cent

85 percent of Kenyan firms fail to pay corporate taxes

This came when corporate managers battled flagging sales in a high-inflation environment, which squeezed earnings and hit purchasing power.

No plan to increase taxes, FIRS chairman assures firms

The plan had triggered muffled apprehensions that the decision could cause an increase in tax rates or introduction of new ones.

Tax cheats ditch mobile payments to beat KRA

The KRA said it will be seeking information from Safaricom on merchants who have opted out of the M-Pesa Buy Goods and Pochi La Biashara tills in a bid to catch tax cheats.

First quarter revenue growth slowest in five years

The receipts represent a 10.55 percent growth over nearly Sh465.20 billion in a similar period a year earlier when taxes increased 11.60 percent.

A ‘special tax’ could bring the petrol price closer to R10 a litre in South Africa

South African motorists are now paying almost R26 per litre to fill up their cars following an increase on Wednesday, 4 October, with the cost of diesel and petrol climbing between R1.08 and R1.97 per litre.