Managers of Wealth Africa

VAT increases on the cards for South Africa

Godongwana will deliver the delayed mid-term budget following several attempts to pass the initial budget amid outcry over a proposed VAT increase.

South African taxpayers only get 5c value for every R1 they pay

An equally staggering statistic is that 1,051 companies paid 72.3% of all company income tax in South Africa.

Triple tax for South Africa is coming

The National Department of Health and Minister Aaron Motsoaledi revealed plans this past week to redirect taxes and adjust medical aid tax credits in South Africa to fund the NHI.

SARS nails single taxpayer for R155 million

In this case, SARS took legal action against the taxpayer and placed their estate under external administration due to insolvency or unpaid debts directly related to the tax liabilities.

Big VAT changes coming in South Africa

“Well, we know that whenever a politician says taxes are not going to increase, we must understand what they’re telling us—and it’s not the truth.”

Seven banks pay N674.68bn in taxes in H1

Ecobank Transnational Incorporated emerged as the highest tax-paying institution, with N186.35bn in income tax for the first half of 2025, up 41 per cent from N132.49bn in 2024.

GRA targets GH¢10b additional revenue with rollout of modified tax scheme for informal sector

The sector, which constitutes about 70 per cent of businesses in Ghana, contributes only around 30 per cent to GDP.

Reps probes tax deductions, multiple charges by banks

Civil and public servants, in particular, say they are being hit by multiple taxes, levies, and bank fees that reduce their already stretched incomes.

FIRS grows tax collection to N47.39tn

The tax agency exceeded its revenue target by 15 per cent, according to new performance figures obtained by our correspondent on Sunday.

SARS final demand warning to taxpayers in South Africa

A legitimate SARS letter of final demand is issued under the Tax Administration Act and represents a serious escalation in the debt collection process.

Gani Adams advocates tax waivers for culture sponsors

Adams also urged governments at all levels to develop more youth-focused programmes that would keep young Nigerians positively engaged

End of the line for taxpayers in South Africa

However, the taxman also made it clear that it would pursue those who shirked their obligations.

Tax: Pensions, stipends, remote earnings of Nigerians in diaspora to be exempted – Taiwo Oyedele

This update aims to allay fears about the new laws and confirms that Nigeria will tax non-resident citizens’ income earned within its borders only.

Removing the hidden tax on Ghana’s digital future: A path to faster, cheaper Internet

It sounds absurd, but this is precisely what happens every day to a significant portion of Ghana’s Internet traffic.

Another 50% tariff to hit South Africa, and Hyundai going after the government

Investors are awaiting domestic data on business confidence, mining production, and retail sales for further economic insights.

90% of tax revenue goes to state govts — FIRS chair, Adedeji

When we set out on this journey, our mind was set on reforming the fiscal landscape of Nigeria and consequently changing the revenue structure of the Federation.

New proposed laws that should make CEOs and boards of state-owned companies nervous

At the moment, South African law only allows delinquent-director cases to be brought against directors of registered companies, including state-owned companies (SOCs) like Eskom, Transnet, and South African Airways.

Tax hike could deter foreign investors – Economists

For companies, the Capital Gain Tax rate is increased from 10 per cent to 30 per cent, aligning it with the Companies Income Tax rate.

Sars offers limited-time lifeline for indebted taxpayers

Only undisputed tax debt will be eligible for compromise.

Taxing the super-rich tops inequality agenda for SA’s G20 presidency

As South Africa prepares to host the G20 Leaders’ Summit in Johannesburg this November, the challenge of narrowing inequality – both at home and across the continent – has never been more urgent.