04/14/2021
The rate at which banks lend to each other on emergency basis is a good indicator of liquidity levels in the money market, going up when liquidity tightens and falling when the market is flush with shillings.
04/14/2021
All new emigration applications from 1 March onwards will be processed by the South African Revenue Service (SARS) in terms of a new procedure which will focus on the cessation of tax residence by a South African resident.
04/13/2021
The growing chances of being caught point to Sars getting ever more sophisticated with masses of data and global co-operation
04/09/2021
This was amid coronavirus-induced contraction in economic activities.
04/08/2021
The majority of organisations surveyed, especially in the banking sector, either had a fully-fledged tax function
04/08/2021
SARS said that the payroll data is of vital importance, as it gives a reconciled account of what amounts of tax the employer deducted from the taxable remuneration of each of its employees.
04/05/2021
Extant rules at the stock market require quoted companies to submit their audited report and accounts not later than 90 days after the end of the relevant business year.
03/31/2021
The wording of the proposal is unclear and no definitive date for implementation of the proposal is provided.
03/31/2021
The dispute arose from SARS’ allegation that the taxpayers were part of an impermissible tax avoidance arrangement to evade tax liability.
03/28/2021
Among the biggest constraints for countries striving to achieve the SDGs is the lack of financial resources.
03/24/2021
The renewals were to ensure that the gains made by investors in listed companies were not taxed.
03/22/2021
The most relaxed region, Dubai, allows high-income earners to keep all their pay – while Italy ended up taking the biggest slice at 49%.
03/22/2021
SOME experts have expressed confidence that the Bank of Ghana (BoG) will leave its benchmark rate, the policy rate, unchanged tomorrow (Monday) to help dampen the inflationary pressures that the new tax policies portend.
03/22/2021
The C.E.O emphasized that he finds it worrying to witness the action the government has taken against the banking sector because they, as an institution are equally struggling.
03/22/2021
The magnitude of the resources the world stands to gain by creating financial integrity for sustainable development is enormous.
03/17/2021
He contended that the tax was ill-timed, wrongly intentioned and targeted, saying that if implemented, it would make the local banking sector the most taxed in West Africa.
03/12/2021
Seek public buy-in for the State wealth tax proposal
Given that the country’s tax collection deficit stood at Sh109.9 billion in the first six months of the fiscal year, ramping up collections from this group would go a long way in plugging this gap.
03/10/2021
The push to make wealthy individuals pay higher tax rates gained momentum in 2018 but the idea was ultimately dropped.
03/08/2021
Legal awards against the State highlight the heavy price taxpayers pay for unlawful decisions by officials.
03/04/2021
The firm noted that personal income taxes are collected from an increasingly small pool of taxpayers.