Managers of Wealth Africa

What transfer pricing could mean for your African business

Transfer Pricing (TP) principles have always been firmly in place but have recently been formalised with legislation.

More South African taxpayers are moving to this centrally-located island near Europe

Additional recommendations that appear to be aimed at ensuring consistency with the HNWI Unit include provisional taxpayers with business interests now being required to submit their assets (at cost) and liabilities in their tax filings each year.

Carbon Tax: does it impact the financial services industry?

Having signed the Paris Agreement in 2016, South Africa has undertaken to reach a goal of net-zero carbon dioxide emissions by 2050.

How should phantom share plans be taxed?

The relevance of which provision should apply in relation to the timing of the tax event is that, in terms of section 8C the tax event occurs when the “equity instrument” is deemed to vest

Renegotiations of double tax agreements take time

Our current international reputation does not help.

Auditors’ duties to report reportable irregularities: make sure you get it right

The IRBA is a statutory body established in terms of the APA.

Ramaphosa sends message to taxpayers in South Africa

The president cautioned that SARS will be ramping up its capacity to target those taxpayers who are not compliant.

Experts warn that a wealth tax in South Africa is coming

SARS intends to go after ‘unexplained wealth’, and has proposed that all provisional taxpayers with assets above R50 million be required to declare specific assets and liabilities at market values in their 20203 returns.

Rwanda ratifies its DTT with China, creating fail-safe tax structuring opportunities for EPC companies

To begin with, the DTT with China, in its article 7, adopts the functionally separate entity approach.

Tax ceiling proposed for South Africa

Higher tax revenues mean a country is able to spend more on improving infrastructure, health, and education – keys to the long-term prospects for a country’s economy and people.

South Africa could announce an ‘alternative’ VAT hike next week: experts

“We already have two VAT rates, so it is theoretically possible to have two-five different rates depending on the types of goods or services purchased,”

How many people are on grants in South Africa vs taxpayersw

Civil rights groups and academics have been calling for a permanent basic income grant.

Tax Professionals Reject Bill Seeking ICAN’s Regulation of Taxation

Present at the Public Hearing of the House of Representatives Committee on Finance were officials from CITN, Institute of Chartered Secretaries and Administrators

Botswana: Overview of SEZ tax incentives

The order stipulates that the operating income of an investor or developer that has been approved as an SEZ licensed business will be taxable

Big drop in tax collections in South Africa

Income from salaries, wages and other remuneration as well as pension, overtime and annuities accounted for 91.6% of total taxable income.

Extending South Africa’s R350 grant by another year to cost taxpayers R35 billion: economist

Finance minister Enoch Godogwana has previously indicated that any SRD extension would be contingent on further upsides to the country’s revenue performance.

South Africa’s taxpayers are leaving in droves, but should expect changes in 2022, says expert

“We will have to wait for the 2022 tax bills to see if expatriates have a new fight on their hands.”

Using Ghana card for all financial transactions will broaden tax net – Economist

He said the move would give the Ghana Revenue Authority the opportunity to tax

Ex-LCCI DG flays tax appeal tribunal

On Cash Reserves Requirements (CRR), he stated that the CRR imposed on the banks is one of the highest globally.

Government Wants to Strengthen Enforcement Measures to Improve Tax Revenue

The plan includes incentives for taxpayers who best meet their tax obligations.