Managers of Wealth Africa

Unpacking tax-free savings accounts

Learn how to utilise this vehicle to its maximum potential.

South Africa’s plan to hike VAT to 17%

This would have taken effect from 1 April 2025.

Tax hikes and Eskom cuts: Inside the ‘cancelled’ 2025 Budget

The documents confirmed the increase in VAT to 17%, which was widely unexpected by experts in the build-up to the speech.

Inside Treasury’s plans to shield poor from VAT hike

Basket of tax-exempt essential food items is expected to be expanded

VAT blow to South Africa

Many countries, including South Africa and most of Europe, charge a value-added tax on goods and services imported into their countries.

Tax hike warning, and legal trouble for top KZN estate

On Monday (17 February), the rand strengthened slightly, trading at R18.34 to the dollar, R23.09 to the pound and R19.23 to the euro. Oil is trading lower at $74.91 a barrel.

KPMG Introduces Tax Orbit to Simplify Tax Compliance in Nigeria

Tax Orbit presents a proactive solution for businesses to navigate Nigeria’s tax landscape while helping companies reduce the risk of unexpected tax bills.

Warning over medical aid tax credits, wealth tax and more in South Africa

Every year, the finance minister seeks input from the country on how to manage the state’s finances and what they want to get out of the budget.

SARS is coming after your bank account

Court rulings in the Revenue Service’s favour have also repeatedly reinforced this.

Big announcement about dividends tax changes in South Africa

Legal rulings, including decisions from the Dutch Hoge Raad and a Cape Town Tax Court cemented these exemptions.

A higher VAT revenue intake in Q3

The sequential increase in VAT collection was driven by higher VAT collections across all revenue items.

New ‘top up’ tax for businesses in South Africa

While SARS anticipated about 1.1 million companies to submit returns for the year, it is evident that most of the earnings are concentrated at the top.

Unlocking the full potential of your tax-free savings account

It’s essential to view a TFSA as an integral part of your broader investment strategy to ensure it aligns with your financial goals.

Nigeria Tax reform bills: Stakeholders tackle govs over revised sharing formula

While some stakeholders described the drastic adjustments made by the governors as a compromise on the bills, others viewed the action of the NGF as unfair since the proposal is meant to redress age-long injustice in the nation’s tax system

Compulsory Vat registration threshold last increased in 2009

The R1m threshold should have doubled by now.

Extra R37,000 in tax needed for the NHI in South Africa

The government’s estimates are based on the level of care provided by the state, which is far below that of the private sector.

Unit trust investors may pay more tax

Investors will carry a heavier burden and could be ‘disincentivised’ to invest in such schemes.

SARS eyes large Christmas gifts

The tax man will require a detailed description of the kind of donation in its updated Donations Tax Declaration Form (IT144), which became effective on 1 November 2024.

Ramaphosa signs off massive new law for South Africa

It also looks to curb “tax competition,” a practice where nations reduce corporate tax rates to lure in investments.

FG can retain VAT as it is – Oyedele

The proposed legislation has faced stiff resistance from various players in the country