06/10/2016
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.
Tax
06/07/2016
NIGERIA: No Need Fighting Over Pension Tax
The uproar generated by the Finance Minister’s controversial views was widespread
06/06/2016
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.
06/01/2016
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.
05/30/2016
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.
05/27/2016
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.
05/25/2016
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.
05/19/2016
Africa tax in brief by Celia Becker, ENS Africa
NIGERIA: Tax Appeal Tribunal confirms that tax assessments are to comply with the enabling act
05/19/2016
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?
05/19/2016
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
05/19/2016
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
05/17/2016
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
05/16/2016
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
05/12/2016
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.
05/11/2016
Revised Mauritius tax pact may hit overseas fund flows
The new regime will apply on shares acquired on or after April 1, 2017, the finance ministry said in a statement.
05/11/2016
Imperial Bank owners linked to shell firms in overseas tax havens
There is no suggestion of wrong doing on the part of the Kenyans with accounts in the tax havens.
05/10/2016
Zimbabwe’s Innscor Africa Directors Caught Up in Panama Papers
Zimbabwe’s Reserve Bank says it did not authorize directors of consumer giant Innscor Africa to open offshore accounts uncovered in the ongoing Panama Papers investigation.
05/06/2016
What financial transparency means in Panama Papers era
For some taxpayers including South Africans, the CRS is already "live"; for others it is imminent.
05/05/2016
South African tax by ENS Africa
Recent Binding Private Rulings, Binding Class Rulings and Binding General Rulings
04/29/2016
Liberia: Africa's Unknown Tax Haven With Much To Lose
As world leaders consider what to do about the revelations emerging from the Panama Papers, Liberia's government will be worrying about the fall-out that may cross the Atlantic Ocean from the affair.