Managers of Wealth Africa

Mauritius Rejects 'Tax Haven' Label

Mauritius is committed to the early implementation of the Common Reporting Standard on the automatic exchange of financial account information, as developed by the OECD.

Tax amnesty by KRA for assets, cash earned abroad

Many Kenyan companies also stash their incomes abroad through shell companies registered in Mauritius and Seychelles.

BRICS nations vow to automatic sharing of tax information

The 5-nation bloc expressed their continued support to all international initiatives towards reaching a globally fair and universally transparent tax system.

Experts differ on tax amnesty for Kenyans with cash stashed abroad

We only get that it is an amnesty on income from foreign sources from the titling of the section.

Reasons to be afraid – very afraid – if you’re hiding money offshore: MPs warn South Africans

UK banks and other institutions are also sharing more information with the authorities elsewhere

Tax Inspectors Without Borders announces new South-South partnership between Kenya and Botswana

Under the new partnership, experts from the Kenya Revenue Authority will provide technical assistance on audits of multinational enterprises to counterparts in the Botswana Unified Revenue Service

FEC approves bilateral tax agreement between Nigeria, Singapore

She said it would succeed by ensuring that nationals or enterprises were not taxed twice on income or profits derived from each of the countries.

Africa tax in brief by Celia Becker

COWAS

Voluntary disclosure of undeclared foreign assets in offshore trusts by Hannelie La Grange

The South African authorities have, with regard to the imminent reporting under CRS and the investigations surrounding the Panama Papers, provided an opportunity for non-compliant South African residents to regularise their tax and/or exchange control aff

Zimbabwe: Zimra Bigwigs in Tax Evasion Storm

It is Zimra's mandate to collect revenue on behalf of the Government.

Kenya’s Islamic finance drive to tackle taxes, governance

It hopes the development will help finance infrastructure projects by building commercial links across Africa and the Middle East.

You dunces! Fury as Uganda closes private schools British taxpayers gave £5million in foreign aid

British officials hit back last night, claiming the decision had been politically motivated.

Changes in the South African advisory landscape

The shift to a commission-free environment will be finalised during 2017.

Amnesty success lies in clarity of income tax laws

It seems issuing tax amnesties has lately become trendy.

Africa tax in brief by Celia Becker

Kenya: Finance Act 2016 enacted

Fin24.com | Taxes may rise for wealthy in mini budget, says expert

Coming from a ‘tax light’ budget in February, we are heading for tax heavy outcomes in the medium term,” he said. A higher personal income tax bracket may be introduced.

'Break the shackles of big four auditors'

The Independent Regulatory Board for Auditors has announced that it will implement a rotation rule forcing companies to change auditors every few years

CGT on shares of SABMiller a point of dispute

Individual shareholders pay CGT on profit made when selling shares.

China firms caught up in billion-shilling tax probe

We observe with great concern that the company has fluctuated this audit by failure to provide documentation.

SA Revenue Service is ‘outperforming the economy’ - Moyane hits back

The level of tax extraction by SARS moved closer to the levels obtained during the commodity boom cycles in the mid-2000s.