09/13/2023
The recommendations will place Ramaphosa in a tough position ahead of elections next year when members of his ruling African National Congress will likely pressure him to maintain massive social-spending programs.
09/13/2023
The Kenya Revenue Authority is as a result collecting about two-thirds of the potential revenue from corporate income tax, the Treasury chief says citing a study done in 2020.
09/11/2023
South Africa has effectively hit its budget limit, with revenues not meeting the February budget expectations, while government spending has continued to balloon far beyond what was planned.
09/04/2023
Returning to Q2 ‘23, domestic (non-import) VAT was the largest source of VAT revenue during the quarter
08/31/2023
The Finance Act defines digital assets as anything of value that is not tangible, which means the tax will cover a vast array of assets, including non-fungible tokens (NFTs).
08/21/2023
The provisional data show the Kenya Revenue Authority (KRA) increased the collections by 5.23 percent, or Sh27.34 billion, in the review period to Sh550.04 billion.
08/16/2023
The allowances had been left out in the initial draft Finance Bill, which provided for a housing fund.
08/09/2023
The research showed disposable razors for women, for example, cost R84.99, while the male version was priced at R42.95.
08/04/2023
Interest expenses on deposits are the main driver of withholding tax in the banking sector.
08/03/2023
39 banks that participated in this study contributed to these key findings.
08/02/2023
A taxpayer can also contribute R36,000 to a tax-free savings account each year, which – as the name suggests, – is tax-free.
08/02/2023
Transnet said that close to 75% of the freight volume moved through the port goes through the terminal, and it accounts for nearly 50% of South Africa’s total port traffic.
07/25/2023
The International Monetary Fund (IMF) reveals the special audit follows the conclusion of the Executive Board’s fifth review of Kenya’s ongoing loans on July 17th.
07/24/2023
In a recent July case titled CSARS v M, a taxpayer failed to disclose receipts totalling R5.6 million during the 2007 to 2010 years of assessment.
07/21/2023
“Any tax revenue shortfall relative to programme targets will be compensated for by taking additional tax policy measures”.
07/19/2023
Tax authorities in various countries are currently reviewing the appropriate treatment of e-commerce activities.
07/19/2023
Global analysts, however, see the full implementation of the painful taxes, projected to raise Sh211 billion in new revenue as necessary in “placing Kenya’s public finances on a sustainable footing.”
07/18/2023
An analysis of payroll receipts shows growth in the just-concluded financial year was the first single-digit print since the year ended June 2017 when the deductions on salaries rose 8.67 percent to Sh305.16 billion.
07/18/2023
“We are undoubtedly in a buyer’s market. Sellers now need to price accurately as buyers are able to dictate prices,”
07/18/2023
Multichoice has been facing increased competition in Kenya from StarTimes and Zuku as well as online streaming services like Netflix and Amazon Prime, even as dynamics such as currency depreciation force it to increase prices.