Managers of Wealth Africa

SARS warns taxpayers to be on high alert – and double-check emails

These include various types of messaging, ranging from legal threats to promises of money owing to taxpayers.

SARS auto-assessments for tax season 2024 – what you need to know

Taxpayers who are part of the auto-assessment population will receive an SMS and/or email to notify them that an auto-assessment has been issued.

Tax return warning for anyone earning more than R500,000

The tax season for individual taxpayers (non-provisional) will open on 15 July 2024 and run until 21 October 2024.

A collective sigh of relief after Coronation case

Ruling on multimillion-rand tax debt brings an end to anxiety and uncertainty in the market.

Growth rates and trends in tax receipts

The IMF reiterated in 2024 that Nigeria's tax collection efficiency remains weak compared to other African nations.

SARS is coming after these taxpayers hard

This has also freed up the service’s human resources to hone their craft and focus more precisely on specific areas of tax, where billions of rands tend to slip through the net.

New tax dates for trusts in South Africa

Along with new dates and a new filing season, trusts have also been hit with a slew of new compliance requirements.

eFiling taxpayer profile hijackings on the increase

You can be held liable for whatever a hacker manages to siphon from Sars in your name.

SARS announces medical aid tax changes for 2024

Under the Principal Member Disability Information record, fields 261 to 265 have been added and field 191 has been amended

These taxpayers don’t have to file a tax return this year

The tax season for individual taxpayers (non-provisional) will open 15 July 2024 and run to 21 October 2024.

SARS is coming after company directors

The agency previously relied heavily on administrative penalties and audits to encourage compliance.

SARS knows you better than you think

The average person may not know that they have stepped on the wrong side of SARS’s war on non-compliance

Nigeria's FG’s tax cheer

There are of course many who have a negative view of taxatio

It took taxpayers in South Africa 141 days to pay for government in 2024 – now you’re ‘free’

Put another way, this means that the average South African taxpayer has had to work 141 days to pay their taxes in 2024.

How to get your money out of South Africa

South Africa’s tax system is residence-based, meaning residents pay taxes on global income.

Tax obligations: A warning for foreigners and expats purchasing property in South Africa

South Africans who financially emigrated and relinquished their SA tax residency and tax numbers on their way out will face a few hurdles

PwC marks decade of strategic consulting

It was also to help clients translate this advice into tangible actions by marshaling PwC’s diverse community of solvers.

Critical tax deadline fast approaching – a first for South Africa

The annual third-party data submission season starts in April and closes on 31

Sars knows what’s happening in your bank account

Discrepancies between declarations and deposits may result in additional tax and penalties.

35 illegal tax collectors facing prosecution, says Benue IRS

Agena lamented the activities of illegal tax collectors in the state, noting that most of them had the backing of prominent individuals.