Managers of Wealth Africa

This is who pays the most tax in South Africa

In the 2024/25 fiscal year, SARS collected R2.3 trillion in gross tax revenue (R147.8 billion or 6.9% more than in 2023/24).

Anthony Joshua faces $66 million tax after blockbuster fight

US federal income tax is expected to claim about 37 percent of Joshua’s earnings, or roughly $52 million, based on top marginal rates.

South Africans are paying more tax than ever before

The finance minister conceded that South Africa’s tax-to-GDP ratio, at 25.1%, was historically high, and high when compared to other global economies, including those similar to South Africa in size.

Big tax hikes to look out for in 2026

South Africans at large will only find out when the next budget is tabled in February 2026.

SARS getting access to new information about South African taxpayers

A new global tax agreement will soon allow SARS to automatically receive detailed information about foreign immovable property owned by South African taxpayers in over 20 countries.

Nigeria’s tax act will boost tax administration— KGIRS boss

Dr. Ichanyi promised that Kogi State Government would not relent in support of President Tinubu’s tax reform policy

SARS nails taxpayers for R300 billion

It warned that SARS is doubling down on this aggression and is focusing on specific taxpayer segments, such as crypto traders and high-net-worth individuals.

SARS cutting a lifeline for these taxpayers in South Africa

These penalties can run up to 200% of the shortfall between what taxpayers declare and what a revised assessment concludes.

SARS is coming after these taxpayers hard in South Africa

The CARF and CRS represent the world’s most comprehensive international tax transparency frameworks, and come into effect from 1 March 2026.

Metical Under Pressure, Rising Taxes, and Donor Funds Helping Sustain the State

On the other, tax collection and the inflow of external donations have strengthened state financing, helping to mitigate immediate fiscal risks.

Nigeria: Rebuilding fiscal fairness through free zones, VAT, capital gains reform

Other African countries were evolving. Kenya pushed its tax-to-GDP ratio to 17 percent

Offences and penalties in new Nigerian Tax Act (1)

To enforce compliance and effective implementation, some guidelines, including penalties for flouting the laws, have been put in place. Some of the penalties have been outlined below.

Government proposes a new national tax, and South Africa’s richest city owes Microsoft R344 million

This indicated a potential slowdown in the economy and bolstered market expectations for a rate cut next month.

Tax ombud’s five-year plan is to gain greater independence from Sars

Critical for credibility and the protection of taxpayer rights.

The 2026 VAT reset: Why your receipt is changing and what it means for your wallet

The government proposes a radical overhaul of the consumption tax system, raising the VAT threshold and unifying rates.

Parliament approves $10.46m tax waiver for Tata Consultancy Services

The adoption of the report paved the way for implementation of the tax waiver, which government insists will benefit Ghana

Protection of tax bases in the OECD spotlight

Current geopolitical landscape heightens trade uncertainty and fiscal pressures.

Edward Kieswetter scores R1 trillion haul for SARS

Kieswetter was appointed as SARS commissioner in 2019, and his contract was expected to run through to April 2024.

VAT could be slashed to 6%, and another major world leader snubs South Africa

The rand temporarily dropped below the significant R17/USD mark for the first time since February 2023, reaching 16.955—its strongest level in more than two years.

Taxpayers could get a R20 billion ‘gift’ from government if SARS does its job

The allocation was intended in part to strengthen debt collection