Managers of Wealth Africa

Kenya hires McKinsey to develop mining sector strategy

The Kenyan government is cracking down on the low royalties it gains from mining within its borders.

Double Taxation Avoidance Agreement between South Africa & Mauritius

The notebook of Gary Gowrea, Head of Tax, Advisory and Corporate Structuring for Cim Global Business.

Four key considerations when taking money offshore

What to think about when moving your money.

Africa tax in brief

Mauritius and Zambia signed an investment promotion and protection agreement

The New Protocol To The Cyprus - South Africa Double Taxation Agreement

The Protocol amends the 1997 DTA in three areas, namely the definition of residence, withholding taxes on dividends and exchange of information. Importantly, it does not change the existing, highly beneficial, arrangements regarding taxation of capital ga

revised draft interpretation note regarding “place of effective management”

The interpretation previously put forward by SARS in terms of Interpretation Note 6 issued during 2002 “IN6” in this regard

Tax dodgers must come clean

The South African Institute of Professional Accountants is urging local tax dodgers to come clean in the wake of the HSBC scandal.

South Africans: Tax havens not safe for much longer

South Africans with unauthorised funds abroad better get their affairs in order because tighter regulation in tax havens will soon become a harsh reality, a tax expert has warned.

‘Tax havens will chase out non-compliant taxpayers’

As global efforts to close loopholes intensify.

The Global Forum releases new compliance ratings on tax transparency

The Global Forum on Transparency and Exchange of Information for Tax Purposes published new peer review reports today for 12 countries or jurisdictions, moving further ahead with its goal to implement global standards on transparency and exchange of infor

Mauritius introduces new form for tax residency with more disclosure

FSC verifies these applications and recommends issue of the Mauritius tax residency certificate by the Mauritius revenue authorities.

Taxation of trusts revisited by ENS Africa

The Davis Tax Committee's First Interim Report on Estate Duty was released for public comment on 13 July 2015.

Setting up a trust to reduce tax ‘should be stopped’

A recommendation by the Davis Tax Committee to stop taxpayers from using trusts to reduce tax could result in people who have established trusts for tax purposes only reconsidering their viability.

Africa tax in brief by Celia Becker, ENSAfrica

MAURITIUS: Expeditious Dispute Resolution of Tax Scheme 2015 guidelines published

SD in Swiss Bank Account Scandal

A woman who lived in Swaziland in the 1960s is reported to have stashed E134 million in her account with Swiss Bank in Switzerland.

GAAR provision to make way into India-Mauritius treaty

Prime Minister Narendra Modi had in March assured Mauritius that while working to prevent treaty abuse, India would not do anything that would harm the island nation’s financial sector.

Rich countries rejected an international plan to let the UN help fight tax evasion

The plan, promoted by developing economies and transparency groups

Big changes to India-Mauritius DTAA?

Mauritius’ former finance minister claims that his country has given up the right to tax capital gains.

South Africa: Revenue Service On Voluntary Disclosure Programme for Locals With Accounts in Foreign Tax Jurisdictions

This matching confirms that some accoun-tholders may have used their accounts to evade South African tax liabilities.

Tax Inspectors Shrug Off Borders to Track Multinational Evasion

A new class of professionals is ignoring national frontiers to come to the aid of economically struggling nations.