06/26/2018
Earlier this month, Kenya’s biggest mobile phone operator, Safaricom, came out against another proposed tax rise which would increase the excise duty on mobile transfers to 12 percent from 10 percent.
06/14/2018
The typical Kenyan last-minute culture will once again rear its head as the deadline looms. As the rush begins, here are the things to note while preparing for the declaration.
06/14/2018
'You can't talk economic freedom if you do not have a financial institution; you need a bank that will support black entrepreneurs.'
06/13/2018
We were feeling too comfortable about ourselves and in that environment no one wanted to call out what they were seeing
06/11/2018
More specifically, with the implementation on March 1 2017 of Section 7C of the Income Tax Act, which addresses low or no interest loans to trusts, the 2018 tax year marks the first year where South African taxpayers are subject to a Section 7C liability.
06/11/2018
The tax commissioner, Ivan Pillay, said he tried to be discreet, visiting the president several times from 2012 to 2014 to prod him to comply.
06/06/2018
Kenya Revenue Authority gets Sh8.3 billion from arbitration
The ADR resolved a total 181 tax disputes in the last three years, according to the taxman Read more at: https://www.standardmedia.co.ke/business/article/2001283076/kenya-revenue-authority-gets-sh8-3-billion-from-arbitration
06/06/2018
Africa should stop tax holidays – expert
He stressed that African governments need to create a sovereign wealth fund that can rake in taxes through different sources in order to be able to respond to certain challenges, while promoting trade and growth.
06/05/2018
The amnesty, targeting foreign earned income up to the period ended December 2016, was extended for another six months last December following delay by the taxman to issue guidelines on filing and repatriating wealth stashed in offshore accounts.
05/29/2018
The money is desperately needed. Widening Nigeria’s tax base will help boost non-oil revenue in Africa’s largest economy, which is limping out of its worst recession in 25 years.
05/28/2018
The money is desperately needed. Widening Nigeria’s tax base will help boost non-oil revenue in Africa’s largest economy, which is limping out of its worst recession in 25 years.
05/23/2018
Investment hubs are jurisdictions that facilitate the flow of international investments, thanks to their stable legal and political environment, a sound financial infrastructure, and a professional ecosystem.
05/21/2018
They do this with the help of professional tax experts, hired by banks, financial advisory or asset management companies and firms providing professional services. The service goes by many innocuous names, including transfer pricing.
05/18/2018
Though SARS' announcement on the tax status of cryptocurrencies has been anticipated, at this late stage it may come as a shock to many to learn that, not only will their cryptocurrency transactions be taxable going forward, but that tax legislation
05/16/2018
Baha Mar created about 4,000 jobs by March 2018 and helped reduce the unemployment rate to 10.1 percent in November 2017, from 11.6 percent one year earlier. Inflation remains low despite higher oil prices.
05/11/2018
The Davis Tax Committee has reviewed a possible wealth tax and has concluded that this is probably premature in an anaemic economy, Mertens explained.
05/08/2018
The firm’s future was already unclear after it lost its largest private-sector audit client, Barclays Africa, last week, and auditor-general Kimi Makwetu cancelled its government auditing contracts in April.
04/27/2018
'The extension will provide an opportunity for taxpayers caught by the original deadline to regularize their tax positions.
04/16/2018
The allegations against them included their failure to comply with the firm’s policies and procedures regarding the disclosure of relevant financial interests, KPMG South Africa said in an emailed statement on Saturday.
04/13/2018
Davis Tax Committee publishes its final report.