Managers of Wealth Africa

Extra R9,300 per month ‘tax’ for the average person living in South Africa

One of the biggest contributors is VAT, which applies to a wide range of goods and services purchased daily.

Surprise tax bill for these South Africans

As a result, there have been many instances where previous tax assessments were revised to reflect the implications of taxpayers ceasing to be tax residents.

SARS announces dates for tax season 2026 – when to expect auto assessments

Non-provisional taxpayers are those who earn a regular salary or wage from an employer and whose PAYE is already deducted throughout the year.

Tax relief for homeowners living in Cape Town

Under this proposal, the first R620,000 will be exempt from rates, up from the current R450,000 exemption for the 2025/2026 financial year.

Africa can raise $469bn without tax hikes – AfDB

He said the additional revenue could be mobilised without increasing tax rates, stressing that stronger domestic resource mobilisation remained the most sustainable source of development financing for the continent.

Kenya’s mobile money tax plan draws sharp industry backlash

Treasury says this move is intended to broaden revenue collection as digital payments account for a growing share of commercial activity across the economy.

AI and data sharing fuel rise in African tax disputes

Companies urged to be ‘defence-ready’ as disputes intensify.

SARS nails taxpayer with maximum 200% penalty

The case was notable not only because of the findings of the Tax Court in SARS’ favour and the massive 200% penalty applied, but also because of the timing.

SAPVIA warns about a blanket solar tax in South Africa

In an interview with Classic Business, she said SAPVIA has repeatedly warned against imposing broad tariffs across the solar value chain.

Kenya Plans Taxes on Phones, Banking Fees to Raise $1 Billion

Mobile phone imports would attract a 25% excise duty, while banking and transaction service fees would be subjected to a levy

Warning for anyone earning more than R500,000 in South Africa

Under South African law, submitting tax returns is compulsory, and failing to do so is a criminal offence.

These taxpayers don’t have to file a tax return in 2026

Every company or juristic person resident in South Africa during the 2026 year of assessment that earned an income or traded typically has to submit an income tax return.

Old Mutual sends warning over unseen tax in South Africa

From rising fuel prices to further inflationary increases, Old Mutual’s experts have been warning consumers about what is increasingly being described as the “unseen tax” on everyday living.

How Global Financial Networks Help KRA Track Tax Evaders

That tax authority then shares the information with KRA, and this automatic exchange happens every year without KRA needing to launch a formal investigation.

10-day warning to taxpayers in South Africa

This includes Final Letters of Demand to submit outstanding tax returns or risk possible criminal prosecution.

Gov’t loses over GH¢600m in taxes from unaccounted petroleum products

The lost revenue was expected to accrue to the state through taxes, levies, and other regulatory charges on petroleum products imported into the country, but was not properly accounted for.

Income tax warning for taxpayers who choose to stay in South Africa

This growing reliance on personal income tax comes as the number of taxpayers declines.

Major new tax could backfire badly for South Africa

The proposed 20% levy aims to generate over R10 billion annually for the state while also addressing the social risks associated with gambling addiction.

SARS is coming after R3 petrol price relief in South Africa

This task will be challenged by “the headwinds that are already starting to bloom,” he said, referring to the chaos caused by the United States’s war in Iran.

Big banks shoulder R90bn of SA tax burden

Collection role overshadows direct payments.