Managers of Wealth Africa

Big VAT and tax changes for South Africa

Ramaphosa said the Government of National Unity will look to expand the basket of essential food items exempt from VAT.

The informal sector workers who save taxpayers R750 million a year

Some rummage in search of necessities, while others collect and sell recyclables to waste middlemen or businesses.

SARS double blow for taxpayers in South Africa

As a South African resident taxpayer, all primary or secondary income must be disclosed to SARS.

Nigerian Banks incur N575.168 billion in taxes in 2023 as FG plans 50% Windfall tax

These banks are Access Holdings, FBNH, FCMB, Fidelity, GTCO, Jaiz Bank, Stanbic IBTC, Sterling Bank, UBA, Wema Bank and Zenith Bank.

Scrap 17.5 per cent VAT on immovable properties – GREDA demands

So how do you expect us to be your agent of tax collection and you don’t involve us in the guidelines?

Tax season is officially open – how to file a tax return, and what’s changed for 2024

In some cases, the process may result in a refund to the taxpayer—in other cases, taxpayers might be liable for additional tax payments to SARS.

What some of South Africa’s biggest companies pay in tax

If they are reported, indirect taxes will also be looked at.

R200 prepaid electricity tax changes coming – with a big catch

Speaking to Newzroom Afrika, he has now clarified that the review is unlikely to remove the charge entirely but rather find a way for the city to meet residents “halfway”.

SARS warns taxpayers to be on high alert – and double-check emails

These include various types of messaging, ranging from legal threats to promises of money owing to taxpayers.

SARS auto-assessments for tax season 2024 – what you need to know

Taxpayers who are part of the auto-assessment population will receive an SMS and/or email to notify them that an auto-assessment has been issued.

Tax return warning for anyone earning more than R500,000

The tax season for individual taxpayers (non-provisional) will open on 15 July 2024 and run until 21 October 2024.

A collective sigh of relief after Coronation case

Ruling on multimillion-rand tax debt brings an end to anxiety and uncertainty in the market.

Growth rates and trends in tax receipts

The IMF reiterated in 2024 that Nigeria's tax collection efficiency remains weak compared to other African nations.

SARS is coming after these taxpayers hard

This has also freed up the service’s human resources to hone their craft and focus more precisely on specific areas of tax, where billions of rands tend to slip through the net.

New tax dates for trusts in South Africa

Along with new dates and a new filing season, trusts have also been hit with a slew of new compliance requirements.

eFiling taxpayer profile hijackings on the increase

You can be held liable for whatever a hacker manages to siphon from Sars in your name.

SARS announces medical aid tax changes for 2024

Under the Principal Member Disability Information record, fields 261 to 265 have been added and field 191 has been amended

These taxpayers don’t have to file a tax return this year

The tax season for individual taxpayers (non-provisional) will open 15 July 2024 and run to 21 October 2024.

SARS is coming after company directors

The agency previously relied heavily on administrative penalties and audits to encourage compliance.

SARS knows you better than you think

The average person may not know that they have stepped on the wrong side of SARS’s war on non-compliance