Managers of Wealth Africa

Investing into India: Mauritius and beyond - Withers

This is a major development impacting both Mauritian and Singapore investment structures which currently contribute around 50% of the foreign direct investment into India.

Africa tax in brief by Celia Becker, ENS Africa

Latest tax news from Africa

OECD Request for Input on the development of a multilateral instrument to implement tax treaty BEPS measures by Elsabe Strydom

Many of the BEPS outputs relate to tax treaties and will not be effective until the relevant bilateral tax treaties are amended.

Amnesty on offshore assets may not boost taxes – firm

Taxpayers who take up this amnesty shall have all principal taxes, interests and penalties for the year of income, 2016 and the prior years automatically remitted in total.

SA planning to double tax-free wine exports to EU

New trade agreement means country can export 110 million liters of duty-free wine.

African Tax Experts Deliberate On Cross-border Tax Evasion

Member countries of the African Tax Administration Forum believe that while globalization generates greater opportunities for the increase of wealth

Chase Bank: Our auditors of 20 years threw us under the bus

Former Chase Bank directors have accused their auditors of professional ignorance that saw the bank pay a heavy price.

NIGERIA: No Need Fighting Over Pension Tax

The uproar generated by the Finance Minister’s controversial views was widespread

How many South African households earn R1 million

Standard Bank pointed out that low income households already have very low disposable income before any expenditure is deducted.

New taxes won’t erode banking sector gains — Stanbic Bank boss -

The difficulty with these taxes would be if they came in the middle of a financial year.

PanamaPapers: SA tax dodgers walk a tightrope

But if Sars gets to them before the legislation is passed to provide for the amnesty, or before they come clean, they are in for a financial hiding.

Liberia, America’s outpost of financial secrecy

They can also issue “bearer shares”, a legal instrument banned in most countries because of the ease with which they can be used for tax evasion and money laundering.

SARS identifies South Africans mentioned in Panama Papers

So far 79 of a total 560 offshore entities have been matched to 81 South African residents.

Africa tax in brief by Celia Becker, ENS Africa

NIGERIA: Tax Appeal Tribunal confirms that tax assessments are to comply with the enabling act

SOUTH AFRICA: Pension funds and BEPS by Magda Snyckers, ENS Africa

Is the current international tax focus on base erosion and profit shifting (“BEPS”) relevant for tax-exempt pension funds?

Update on the taxation of South African dividends to the Netherlands by Stephan Spamer and Howmera Parak

In 2014 and 2015, ENSafrica published two articles on the “most favoured nation clause” contained in article 10(10) of the protocol (“2008 Netherlands Protocol”) issued under the Netherlands/South Africa (“SA”) double t

Value added tax on private equity transactions by Seelan Moonsamy, ENS Africa

The judgment of the Supreme Court of Appeal (“SCA”), which established certain guidelines and principles regarding the claiming of input tax for value added tax (“VAT”) purposes in the Commissioner for South African Revenue Service

How African billionaire Isabel Dos Santos cropped up in Panama Papers

African billionaire whose companies in Malta hold Angola state involvements has had to deny that her business manager sought to open an offshore company for her

Mauritius and India sign a protocol amending the Mauritius-India Tax Treaty - Appleby

Mauritius and India sign a protocol amending the Mauritius-India Tax Treaty India and Mauritius signed a protocol for the amendment of the convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes of incom

The Panama Papers and the Africa Story

But mining concessions are being sold for much less than their market value, to middle people who resell them at vast profits.