06/29/2018
Nigerian investors in U.K offshore properties at risk of 40% death tax
On the possible reason for the new death tax, experts cited after the global recession and the advert of Brexit.
Tax
06/26/2018
‘Robin Hood’ Money Transfer Tax Threatens Kenyan Financial Services
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
How taxpayers can benefit from Kenya’s foreign income amnesty
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
Meet The Entrepreneur Keen To Launch SA's First Black Female-Owned Bank
'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
Manuel: SA auditors got too comfortable
We were feeling too comfortable about ourselves and in that environment no one wanted to call out what they were seeing
06/11/2018
Are foreign trusts still relevant for South Africans?
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
Corruption Gutted South Africa’s Tax Agency. Now the Nation Is Paying the Price.
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
Owners of overseas billions rush to file returns ahead of deadline
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
How Nigeria doesn't want to be lax on tax no more
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
How Nigeria doesn't want to be lax on tax no more
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 lead to higher tax income and growth in developing countries
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
Africa still leaking billions through tax evasion
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
Tax on cryptocurrency transactions: SARS should come to the aid of taxpayers
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
Changes to the anti-avoidance rules on dividend stripping and share buy-backs in terms of the Taxation Laws Amendment Act, 2017
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
Wealth tax: can SA afford to raise the already high burden on the rich?
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
Bleeding KPMG SA reviews its business model
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
Voluntary disclosure regime extended
'The extension will provide an opportunity for taxpayers caught by the original deadline to regularize their tax positions.
04/16/2018
KPMG South Africa audits own staff after breaking public trust
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.