Managers of Wealth Africa

How Jimi Wanjigi makes billions at taxpayer’s expense

They are for fortune and health.

Nigeria hopes to generate $1b from tax evasion amnesty

It said tax evaders who delayed participation until after December 31 would be liable for interest on overdue tax balances.

KRA, banks lock horns over taxation of loan fees

The KRA puts these income streams in the same league as other transaction-based charges such as money transfer and ATM withdrawals a position the lenders have opposed.

Nigeria engages international investigating company to catch tax evaders

Nigeria to deal with companies transferred out of Nigeria profits made here to countries where they are allowed to pay little or no tax at all.

Middle class South Africans are paying double tax to fund infrastructure and public services

Citizens pay taxes to fund infrastructure and public services.

Grant Thornton wins prestigious Private Equity Africa Award

The nominations were in partnership with the London Business School Private Equity Institute.

South Africa Urged To Drop New Wealth Tax Proposals

Introducing a new land tax, a national tax on the value of property.

Ghana has double taxation agreements with 11 countries by end of April 2017

An agreement on the avoidance of double taxation means that a foreign business in Ghana will not have its income taxed in Ghana and in the country of its origination. Depending on the agreement between the country or entity, it could be taxed in one count

Finding the best way to tax the wealthy

Some stakeholders receive extension for submissions to Davis Tax Committee.

Djibouti joins the Inclusive Framework on BEPS and the Global Forum

Djibouti also joins the Global Forum on Transparency and Exchange of Information for Tax Purposes as its 141st member.

KPMG and PwC win big banks audit jobs

It is always good practice to change auditors

New reporting will be costly and time consuming

The exchange of information is supposed to ensure that taxpayers pay the right amount of tax to the right jurisdiction

Benue seals 4 banks over non-remittance of N1.4bn tax

The News Agency of Nigeria reports that all the sealed banks branches in the state were served closure orders.

What the Davis Tax Committee has in mind for high-net earners

“There is no sliding scale for trusts, which means only the higher flat rate of 45%, previously 41%, applies.”

Burden of wealth tax will likely exceed benefits, tax practitioners warn

As deadline for submissions to the Davis Tax Committee looms.

25% corporate tax will crush rural banks – Board Chair

Rural Banks across the country are currently being charged a tax rate of 25 percent which was some 300 percent increment from the initial 8 percent.

Possible wealth tax in pipeline for SA

The Davis Tax Committee invites submissions on the desirability and feasibility of land tax.

A “wealth tax” for South Africa? by Carmen Gers

This proposal comes two months after an increase in the top income tax bracket for individuals by 4% to 45%, resulting in an effective capital gains tax (“CGT”) rate for individuals of 18%. This should be seen on the back of the increase the C

Africa tax in brief by Celia Becker

GHANA: Various practice notes now available

Andersen Global Announces Collaboration with Nigerian Tax and Legal Firm

The firm will provide tax and legal services for international, multinational and individual clients in Nigeria, West Africa and globally. Their areas of specialization will include Tax Advisory & Regulatory Services, Transfer Pricing, Energy & In