Managers of Wealth Africa

Why South Africa should seriously consider taxing its wealthy citizens

An important consequence of a highly unequal distribution of wealth in society is the undermining of social, political and economic norms.

Mixed reactions to Uganda new tax proposals

A lower income tax rate on Treasury bills and bonds usually attracts more offshore investors to the government debt market, raises competition among market players and cuts the cost of debt repayments incurred by the government every year.

VAT update: China confirms rate cuts and OECD sets out proposals for online selling

South African legislation which came into effect on 1 April 2019 is likely to have a major impact on foreign companies supplying electronic services to South African consumers and businesses.

New tax law ‘will push wealthy offshore investors out’

Another brain fart by the South African authorities, this time the tax man, means any repatriated income or capital gains will now be taxed up to 20%.

South Africans abroad must prepare for new 'expat tax'

Starting from March next year, yearly incomes above Dh260,000 could be taxed by up to 45 per cent

When tax becomes a turning point for people to stay or leave

A change to the taxation of foreign trusts means any repatriated income or capital gains will now be taxed.

Kieswetter must make SARS a 'jewel in the state crown' - Judge Davis

"Reducing the level of corruption in SA society, and restoring SARS to its former glory will make a huge difference to the level of tax integrity," he said.

Tanzania in plan to establish more mineral trading hubs to fight tax evasion

They will also help to ensure that businesses pay the required levies to the government.

FG okays tax amnesty for defaulters of offshore assets declaration

Malami, therefore, solicited the cooperation of all Nigerians to buy into the initiative.

Born free, taxed to death

The issue of tax has been pushed to the forefront in South Africa

14 Commercial Banks Billed To Pay N103bn Taxes To FIRS

The difference between income tax payable assessed on dividend and income tax payable assessed on minimum tax amounted to N18.04bn, which was charged as tax expense during the period.

Corporates and the rich must pay more taxes

National coffers, of course, rely on taxes, mostly based on levels of personal income and on corporate profits.

Like Multinational Companies, Africa's Richest Are Hiding Wealth And Avoiding Taxes

The September 2018 AfrAsia Bank Africa Wealth Report says the total individual wealth held in Africa amounts to US$2.3 trillion.

Tax rate increase vs. inclusive wealth creation: which way to go?

Nigeria needs trillions in Naira of investment to fix infrastructure.

Small tax base stifles Africa's self-financed growth

Delegates are expected to discuss modalities of how to better finance Africa’s growth and ways to ensure that the young populations participate in the economies.

Get offshore exposure tax-free

Investors may be missing out on opportunities with their tax-free savings accounts.

Looming "expat tax" is ultimately fair

Treasury also indicated that they are not interested in a policy change and that the R1 million exemption will not be increased.

Treaty to ‘dodge Kenyan tax’ deemed unconstitutional

“Today’s judgment validates our call for African countries to review all their tax treaties particularly those signed with tax havens.”

Africa tax in brief

The VAT system is to replace the current consumption tax regime, broadening the tax base and introducing a single tax rate of 14% with effect from July 2019.

South Africa goes ahead with expat tax

It will also impact companies that send employees overseas for work, who will have to deal with the new tax implications.