Managers of Wealth Africa

Kenya's KCB Group says nine-month pretax profit plummets on COVID-19

During that period it restructured customer loan facilities worth 105 billion shillings to cushion borrowers from the impact of the COVID-19 crisis, KCB said.

Absa loses 8-year royalty tax battle against KRA

The fee is charged by banks for processing and accepting card-based transactions on behalf of their rivals.

Wealthy Kenyans block KRA from Sh200bn tax collection

The authority has in recent months engaged in an aggressive crackdown on rich individuals and companies in the race to grow tax collections, netting thousands of tax cheats and evaders.

Companies and wealthy South Africans should pay more tax: think tank

The group said that there are thousands of South Africans who have net assets of $1 million or more, and 2,070 South Africans who have net assets of $10 million or more.

Lawmakers call for Nock winding up to save taxpayer funds

Kilifi South MP Ken Chonga said Nock had accumulated huge debt when it is supposed to do business and pay its bills.

Rethink push for more debt

Apart from runaway spending, the government has not been aggressive enough to stamp out widespread corruption as hundreds of billions of shillings in public funds are lost every year.

Turkey, Sierra Leone sign 3 agreements, vow to enhance cooperation

Çavuşoğlu pointed out that Sierra Leone’s Embassy will be the 36th embassy of an African country in Turkey, while Ankara similarly is set to increase the number of its embassies in Africa.

Estate planning for your worldwide assets

How to protect your foreign assets and ensure that their succession is correctly planned for.

MTBPS: Proposal to improve collection of taxes

The tax-to-GDP ratio is also expected to decline substantially, dropping from 26.3 percent to 22.9 percent.

South Africa could look to Germany as an example for a wealth tax: analysts

Mboweni is also expected to outline plans on restricting spend allocated to SOEs that could compel the necessary reforms, Deloitte said.

Tax change for South Africans who work overseas

She added that those at the greatest risk of a tax shock are people who continued earning an income while working for a foreign employer throughout the lockdown but did so remotely from South Africa.

Tax burden a barrier to SA’s economic growth

South Africa's economic growth in the last few years has simply underperformed and lagged behind the global as well as emerging markets even to the point that Nigeria is the best economy on the African continent.

How intelligence gathering has boosted KRA’s tax evasion fight

Closer home, the fight against tax evasion has in the recent past taken a different approach whose end goal is to decimate the vice as effectively as possible.

Transfer pricing dispute resolution: what are the alternatives?

A tax authority will adjust prices between related persons that appear to be unfair.

Africa tax in brief

African Tax Administration Forum: Digital Services Tax proposed for member countries

Dividends tax: proposed amendments to the taxation of manufactured dividends

This is because the manufactured dividend is paid in terms of a contractual arrangement between the lender and the borrower and not in respect of shares held by the lender in the borrower.

South African taxpayers take note: SARS is doing all it can to re-establish its ‘deterrence factor’

Over recent years, SARS has been plagued by a perception that it is unwilling or unable to effectively bring delinquent taxpayers to book.

Taxpayers have a watchdog in the OTO

But it needs independence.

Broaden tax base to close vast fiscal gap – World Bank urges Ghana, African countries

The insertion of digital tools into public administration may help expand the set of taxpayers, reduce costs, and improve tax performance.

Tax hikes proposed for South Africa

At the time, chief director Edgar Sishi said that National Treasury is considering a number of new tax measures as government seeks to raise an additional R40 billion through hikes in the coming years.