Managers of Wealth Africa

How Offshore Accounts in Tax Havens Are Used For Tax Evasion Through Illicit Deals

Opening accounts in these banks is as easy as breathing in and out

ENSafrica tax in brief

A company must submit its ITR14 tax return within 12 months of its financial year-end.

Retirement pot exit tax for emigrating South Africans?

It is ‘yet another move’ from the country’s revenue service to maximise income from prospective expats

Switzerland and Ethiopia sign double taxation agreement

It guarantees legal certainty and a contractual framework, which will have a beneficial effect on the further development of bilateral economic relations.

Lesotho seals tax treaty with Mauritius

It replaces a 1997 treaty that Lesotho authorities have in recent years complained of as being unfair.

Zanzibar’s new tax and residency investment scheme set to open paradise to the world

The result has been that Zanzibar has not been able to attract any notable real estate development

SARS sends letters to 275 wealthy individuals in South Africa with financial assets abroad

SARS, in February, set up the separate wealth unit to focus on individual taxpayers with wealth and complex financial arrangements

Global tax overhaul backed by 130 countries

All G20 countries, such as the US, UK China and France, did back the agreement.

‘Impossible’ NHI tax will hit South Africa hard

The FMF said that this figure would effectively be combined with funds from the private health sector to create an NHI fund which will make up 8.5% of the country’s GDP expenditure.

1.4m taxpayers yet to file returns ahead of June 30 deadline

The KRA has been processing between 80,000-100,000 filings daily, it reported Tuesday.

Avoid tax wolves in sheep’s clothing

6 things to look out for.

How a new wealth tax could work in South Africa

While South Africa is not a member of the OECD, it does adhere to numerous OECD instruments – and the findings of this report have important implications for the country.

PwC is banking on a $12bn investment to become the 'auditor of the future'

The investment in technology will deliver what PwC calls "the audit of the future" as it will be able to handle much larger volumes of data and to assess a much broader range of risks, and not just the financial metrics that auditing has traditi

ENSafrica tax in brief

The taxpayer had disposed of shares in two related companies that formed part of the same group.

A&M Taxand 2021 Global Guide to M&A Tax

The past year also left the markets wondering whether a trade deal would ever be struck between the UK and the European Commission as the Brexit deadline loomed.

Warning for taxpayers in South Africa

The commission said that generation is especially vulnerable due to the impact that the pandemic has had on household income and consumption behaviour.

SARS calls on South Africans to comply with tax filing season deadline

"The correct data is also important, where taxpayers have to file a return, to enable them to do so with the correct information during the filing season for individuals, which starts on 1 July,” said SARS.

South Africans with money overseas – SARS is coming for you

While in the past, expatriate income was largely exempt from taxation, from 1 March 2020, their earnings above R1.25 million are subject to tax of up to 45%.”

Ending tax revenue leaks needs action, not threats

The current punitive measures are not harsh enough.

Company Income Tax increases by N97.05bn in Q1, 2021- NBS

The NBS said that breweries, bottling and beverages generated the highest amount of CIT with N23.26 billion generated and closely followed by professional services including telecoms which generated N18.17 billion.