Managers of Wealth Africa

How Mauritius is mortgaging Africa’s future

As African countries struggle to meet revenue targets, many local and international investors choose to domicile their investments in Mauritius due to its low tax regime and tax treaties.

Repeal of foreign employment income tax exemption

If a South African tax resident does not meet the requirements of the exemption, the resident will remain taxable in South Africa on any remuneration earned outside the country.

Everything South Africans need to know about expat tax

The changes to the foreign employment income tax exemption was proposed in the Budget Review of 2019 for the upcoming legislative cycle and will therefore only be actioned in 2020.

Mauritius Leaks Explained: How archaic tax treaty allowed island nation-based offshore firms avoid taxation in India

The modus operandi — which may arguably be by the book — thrived on Mauritius' opaque financial laws devised to facilitate the State turning into a haven for offshore firms, the large amount of one-sided "tax treaties" the count

Diaspora inflows at all time high in June as tax amnesty ends

The high remittance can however be attributed to the rush by the diaspora to repatriate funds home before June 30

Andersen Global Enters Senegal, Expands Presence in Africa

Senegal thus becomes the thirteenth African country where Andersen Global has a member or collaborating firm offering legal services.

Global Forum on Tax Transparency assists Morocco to implement Exchange of Information on Request

Following this seminar, they carried out a mock on-site visit from 3 to 5 July conducting a preliminary assessment to identify areas where improvements are needed and prepare stakeholders for the review process.

Mauritius to green light offshore funds in 60 days

"If the authorities find that it is not in Mauritius, then the entity is not a tax resident at all, and if it's not a tax resident, then the treaty benefits it gets with other countries will not be available to it," experts said.

10 tax trends SARS is clamping down on

SARS will renew its focus on monitoring income and expenses from commission earners.

Five questions about SA’s upcoming expat tax answered

From March 2020, Sars is changing the rules for South Africans working abroad; here’s what you need to know

Rwanda prefers a wider tax net to raising levies

The government has also introduced changes to cap penalties arising from audits and investigations to a maximum of 20 per cent on any underdeclaration of taxes exceeding 10 per cent of the declared tax.

Black tax ‘is holding back young professionals’

The burden of supporting extended family can cripple an individual’s financial aspirations.

Investment Tax Breaks

Tax is a big consideration in an investment portfolio, along with various other factors.

Black tax ‘is holding back young professionals’

The issue of black tax is a complex one, characterised by a balancing act between the responsibility felt to immediate and extended families, and the desire to attain financial freedom.

Confusion As New SA SARS Expat Tax Changes Come Into Force

Tax filing opens August 1 for all taxpayers, but digital platforms are available for e-filing from July 1.

Know the tax consequences of off shore trusts

In terms of the “conduit principle”, the source of income earned by a trust flows through to the beneficiary in the same nature in which it was earned by the trust.

Zimbabwe introduces digital economy tax, transfer pricing filing requirement

The new law provides for a 100 percent penalty on any shortfall

Carbon tax becomes law on 1 June 2019 - ENSafrica

The impact of the legislation, along with complementary measures such as the national greenhouse gas emission reporting regulations, will have a transformative effect on the South African economy.

Ghana’s rising debt shows tax system still not working

Central bank governor Ernest Addison has said that Ghana missed its first-quarter revenue target by almost a fifth, while the country’s total debt at the end of March was up 16% from a year earlier – reaching 58% of gross domestic product (GDP

How South Africa’s 2019 Budget affects businesses and individuals

Amendments to the foreign income tax exemption for South African residents