Managers of Wealth Africa

SARS and other countries shared info on over 75 million accounts in global tax evasion crackdown

SARS commissioner Edward Kieswetter is vice chair of the Africa Initiative of the global forum.

Carbon Tax: Summary of selected recent developments

The deadline for renewals on or before 31 December of each year

Notices of objection: room for second chances?

The Tax Court Rules, do not explicitly address the question regarding whether, following delivery of an objection by a taxpayer, such objection can be amended to include new grounds of objection, thereby effectively granting the taxpayer a second bite at

Improving Tax Collection

"This calls for a carefully calibrated set of policy and administrative measures that can grow revenues without discouraging investment."

How Investec was a player in the world’s largest tax fraud (Part 2)

Investec issued these in its capacity as the pension funds' custodian bank.

Kenya: Boost for Revenue Authority as New System Aims to Net Tax Cheats

The company developed a prototype of the machine, which has passed several tests set by KRA after being submitted to the authority for tests on its efficacy, and now awaits licensing if it passes final test phases.

Kenyatta Remains Stoic in Face of Tax Haven Exposé

The scion of Kenya's first president Jomo Kenyatta made an unsuccessful bid for the presidency as then ruling party Kanu's candidate in the 2002 election.

Taxman nets Sh1.9bn from its amnesty programme

Voluntary Tax Disclosure Programme cumulative revenue collected is Sh1.995 billion by September 30,” said Mr Mburu in a public notice yesterday.

ENSafrica tax in brief

The primary issue in the appeal was whether SARS (as it contended and the Tax Court held) was precluded from granting approval for use of the transaction count ratio by vendor in respect of the period 1 March 2014 to 29 February 2016.

Economic Development Board of Mauritius provides clarity over taxation of foreign investments

In the article, it is stated that among other things, the Mauritius Revenue Authority (MRA) is targeting foreign trusts no longer exempt from income taxes.

SARS may apply broad interpretation of “electronic services” for VAT purposes

As a result, the presence of human intervention cannot be relied upon to exclude services from the ambit of the legislation.

Bad news for South Africans with cash stashed in Mauritius

In response, the Mauritian government has assured that they will immediately remove themselves from the list by addressing the deficiencies in its AML-CFT Framework.

Tax evasion vs tax avoidance in South Africa – and why SARS wants you to pay your fair share

“SARS will make it hard and costly for any taxpayer who willfully and intentionally seeks to break the law as we expect every taxpayer to meet their obligations and pay their fair share of tax,”

Keep the Taxman in mind when liquidating

There are several tax considerations which need to be kept in mind by taxpayers where the business is in financial distress and is no longer able to operate, or once liquidation proceedings have commenced and compromises are entered into with creditors.

Tax