Managers of Wealth Africa

Tax information exchange – what will change and how taxpayers should respond

The same scenario plays out when it comes to taxes.

Zimra tightens noose on tax evaders

People in Zimbabwe generally don’t pay tax.

Zambia and South Africa to join forces on tax collection

Tax administration and revenue collection are our key areas of focus.

‘Widespread hostility’ to foreign tax as potential costs are scrutinised

Sait says the proposed scrapping of the exemption should be postponed.

South Africa Plans To Scrap Offshore Tax Break For Workers

The new South African proposal will tax all foreign earnings regardless of how long someone works outside the country.

Kenya launches crackdown on rights groups over tax evasion, illegal hiring

Deregistering us is another chapter in the attempt to harass KHRC

SA banks may soon be able to hold onto your money if they suspect you’re dodging taxes

It was also necessary for banks to only use this power if their suspicions in this regard are truly reasonable.

The ‘startling’ new tax rule that could affect your overseas earnings

Treasury is trying to close a loophole involving foreign trusts, but critics say its solution is a blunt instrument with unintended consequences including double taxation

Nigeria, Singapore sign agreement to curb double taxation

It operates in a remarkably open and transparent environment, with stable prices, and a per capita GDP higher than that of most developed Countries.

SA taxpayers with offshore cash, assets given deadline to disclose info

The deadline for the Special Voluntary Disclosure Programme is August 31, 2017.

Move to double-tax SA expats slammed as discriminatory

Presently, those working in another country for more than 183 days each year do not pay tax on income from abroad.

Why foreign trusts bill warrants much closer scrutiny

There is concern over a proposal to change loan and company taxation laws

Kenya signs tax deal with S. Korea

In addition, shareholders in such companies will be exempted from the taxes

Tracking Nigeria’s rich tax evaders

If a comprehensive tax audit is ever conducted in Nigeria it is doubtful if any wealthy Nigerian will go without facing charges.

Gupta e-mails reveal suspected multibillion-rand tax avoidance scheme

Family patriarch Atul Gupta at centre of scheme tax experts say points to evidence of a complex tax avoidance practice

Tax exemption on income earned outside SA to be scrapped

Under the current laws

What SARS could gain, and taxpayers lose, with scrapping of 183-day exemption

In practice, where an employee falls into the maximum 45% tax bracket and pays 25% tax in a foreign country, SARS will now collect the difference of 20%.

Anonymous Nigerians own, operate 200 private jets locally

A handful of rich Nigerians, including religious leaders, have been said to own private jets under such conditions.

South Africa has the best tax system in the world – but this is how it’s going very wrong

It was ranked best in the world (1) in the final category

SARS sets sights firmly on high-net-worth individuals

High-net-worth individuals will find themselves under greater scrutiny from SARS in the immediate future.