Managers of Wealth Africa

Ecobank to appeal tribunal judgement on tax liability

The bank will be appealing to the Federal High Court against the decision of the TAT as it believes

The World’s Biggest Tax Haven Lurked Behind A Dos Santos Penthouse

As scrutiny of her business empire increased, African billionaire Isabel dos Santos turned to one of the world’s most secretive tax havens to conceal a $1.8 million luxury apartment.

Expat tax to hit South Africans in weeks

It is estimated that there are more than 100 000 South Africans in Dubai alone, many thousands of whom will be earning in excess of R1 million a year.

Expat tax is kicking in soon - here's what you should know

"The expat tax exemption has always been there, it is now just being capped. This is because the intention was never to have South Africans working abroad not paying any tax at all.

Taxpayers keep paying the price for policy inaction

Where will the much-needed additional revenue come from?

Tax Appeals Tribunal recovers Ksh 11b in tax dispute judgements

In the recent past the Judiciary has also adopted the principle of exhaustion by referring tax disputes to the Tax Appeals Tribunal for resolution in the first instance so that tax disputes find their way to the courts by way of appeal.

Tax breaks could spur economic growth in South Africa

If these people feel that they are being targeted by the taxman, they might choose to leave the country or to take their money elsewhere.

South Africans living abroad to be hit with 'expat tax'

The expat exemption only relates to South Africans who are tax resident, so the obvious answer would be to cease tax residency of South Africa

Billions lost to weak tax regime as poverty bites

The World Economic Forum (WEF) says almost six people in Nigeria fall into the poverty trap every minute.

Uganda raises tax revenue of 92.5B from offshore – report

. Uganda now makes routine use of exchange of information as a tool to protect its tax base,” the report says.

Property Taxes And The Rich, Famous And Powerful In Ghana

To a very large extent, this class of tax-avoiders or evaders are the same people who own significant real estate in Ghana - residential, commercial, and industrial properties as well as large tracts of land in various areas.

Manufacturers association calls on govt to widen tax bracket

KAM urged the government to increase tax cuts to manufacturers and clear all the remaining pending bills as the sector is facing a liquidity crunch.

KPMG South Africa winning back customers as reputation recovers, says CEO

KPMG has spent the past two years increasing the independence of its board, adding layers of security to its auditing processes and reviewing the risk profiles of clients, the CEO said.

Finance Bill 2019: Tax Implications for Nigerian Entities

The Bill, amongst other things, generally amends certain key provisions of various tax legislation in Nigeria

Zimbabwe: Tax measures proposed in 2020 budget

The national budget for 2020, presented on 14 November 2019, includes proposals concerning the corporate income tax, value added tax (VAT), capital gains tax, certain indirect and excise taxes, among other provisions.

Kenyans to pay more in taxes as govt seeks funds to pay debts, salaries

The money had been withdrawn earlier from the Consolidated Fund.

Tanzania in International Tax Law: Reinforcing Tanzania rules on controlled foreign corporations

To protect its tax base, Tanzania introduced rules in the Income Tax Act, 2004 (ITA-2004) to determine when the income of a company doing business in a foreign country should be taxed and when foreign income is exempt from taxation.

ENSafrica tax in brief

Requirement that the Applicant’s Rule 56 application be preceded by a valid objection and a valid notice of appeal, discussed.

Taxman demands PINs of pension scheme members

We would also like to update your beneficiary information.

Nigeria’s $15bn annual loss to tax evasion

In a statement on the event, FIRS said that the regime was part of Nigeria’s commitment to improving transparency in tax administration, increased tax revenue collection, enhanced effectiveness and efficiency service delivery.