Managers of Wealth Africa

KRA starts crackdown on Treasury bond tax cheats

CBK, which last year instructed commercial banks to strictly enforce the requirement, has now joined in with the directive to buyers of Treasury bills and bonds to update their tax details.

Is SA’s corporate tax rate too high?

Lower rate could help attract investment but reduction is unlikely given the country’s fiscal position.

10 Footballers Who Had Run-Ins With The Law For Tax Fraud

As a result, the five-time Ballon d'Or winner was handed a two-year suspended prison sentence for his transgressions.

SA expat tax law: How to avoid SARS clamp-down on expat income

A legislative amendment to SA expatriate tax law is set to come into effect on 1 March 2020

Google South Africa’s tax mystery

The scheme used by Google, dubbed Double Irish, is a “base erosion and profit shifting” corporate tax tool used by US multinationals to avoid corporate taxation on their international profits.

New 30pc dividends tax shocker hits investors

The law is expected to raise billions of shillings in additional revenue for the government

New Barrick eyes several options to end Tanzania tax dispute: CEO

Bristow expressed confidence that the conflict, which began when the Tanzanian government slapped Acacia with a $190 billion tax bill in March 2017, would be resolved.

IIA takes a fresh look at risk management model

The first line of defense is management’s responsibility to effectively assess risks and to design and implement internal controls to mitigate those risks, according to Chambers.

Judge Davis wants further probe into profit shifting in SA

The tax committee head wants an investigation into the ‘significant leakage’ that is robbing the fiscus of at least R7bn a year

Rent to rise as govt clamps down on rental tax evasion

The interest part of Ug.Shs.2.514.11 billion of that debt payment.

South Africa’s Central Bank To Wait Until May For Next Rate Hike

The Reserve Bank increased its benchmark lending rate for the first time in nearly three years last month, saying the risk of higher inflation in the longer-term remained elevated and that it could not risk waiting until later to take action.

'Zimbabwe's tax system too complex'

This comes at a time when fiscal authorities in the country are trying to widen the reach of the tax collector in order to shore up depleted government coffers.

Zimbabwean companies want tax system to include booming informal economy

The informal economy is exerting pressure on formally registered businesses at a time expats are helping to prop up the economy.

EY South Africa announces milestone strategic partnership

Motlanalo is a 100% black women owned audit and advisory practice that currently employs 23 permanent staff and is on a strong growth trajectory.

Nigeria Targets Offshore Tax Assets

The minister revealed this in Abuja at the third annual conference on financial fraud, electoral fraud and cross-border crime organised by Forensic Insight and the Nigeria Police Force.

Industry pleas for dialogue on capped foreign income exemption

Treasury is sticking to its amendment to limit the tax-free income South Africans earn outside of the country to R1m.

OECD Looking to New U.S. Tax Law for Digital Tax Solutions

OECD Task Force on the Digital Economy working on alternatives to the EU digital tax plan

Andersen Global Expands Presence in Africa

The agreement further establishes Andersen Global’s footprint in Africa.

Global Forum on Tax Transparency marks a dramatic shift in the fight against tax evasion

The meeting marked the widespread rollout of automatic exchange of financial account of information.

KenGen tax bill on 2016 dividend pay hits Sh3.3bn

KenGen had benefitted from billions of shillings worth of investment deductions in construction of new power plants, a move that lowered its effective tax rate below the normal 30 per cent.