Managers of Wealth Africa

Wealth, cash deposits low hanging fruit in expanding tax bracket

Income and consumption tax bases are already over-exploited, any further pressure on them may break the cord that holds the economy together.

SITA asks for interim audit from the Auditor-General to avoid dodgy books

SITA has been without a permanent CEO since 2019, but a process to fill the role has already begun.

President Ruto tax push suffers blow with Sh13.9bn shortfall in Q1

This was 2.94 percent, or Sh13.9 billion, short of the Sh473.2 billion tax target set by the Treasury for the three-month period through to September 2022.

Kenya scores big in bid to raise taxes on global firms

A lot has changed and that discussion is still going,” Maurice Oray, KRA’s deputy commissioner for corporate policy, told the Business Daily.

South Africa deposits its instrument for ratification of the MLI

These measures include significant amendments to South Africa’s double tax agreements which will be impacted by the MLI.

Mastercard, KBA in Absa credit card royalty tax war

Mastercard argues that the imposition of withholding taxes on the interchange and transaction fees as management and the professional fee will impact the use of its payment solutions in Kenya.

Exporters face new pricing pain as KRA increases taxes

The new rates that took effect from October 1 are in line with the law that requires the KRA to review inflation tax in tandem with the cost of living measure or the average rate of inflation in the 12 months through June.

SARS is coming after these taxpayers in South Africa – looking at luxury homes, cars and rhino horn

Tax investigations have resulted in notable successes, including legal recovery, civil proceedings and criminal charges

ENSafrica Mauritius top ranked for tax excellence in the ITR EMEA Tax Awards

Thank you to our clients for their ongoing support

Banks’ income tax rise 35% to N75bn in H1’22

The financial report the banks presented to the Nigerian Exchange Limited, NGX, also shows that GTB recorded the highest Year-on-Year (YoY) growth rate in CIT at 88 percent.

Kenya spends 63.5% of taxes to repay debt in first two months

Debt servicing costs reached nearly $1.5bln in July and August 2022

ENSafrica recognised at the World Tax and Transfer Pricing Rankings in the 2023 edition

These practitioners go beyond the call of duty for their clients and we are honoured to have them as part of ENSafrica.

FG rakes in N127.03bn tax from calls, SMS

The subsector contributed 76.29 per cent, and 79.49 per cent to the sector’s nominal and real GDP in the first half of 2022.

Tax non-compliance to be ‘hard and costly’: Sars wealth unit director

Anyone believing that they are ‘out of sight, out of Mind’ may fast find themselves being approached by revenue service, says Natasha Singh.

CITN urges govt to use tax professionals

He said this during the presentation of practice licence certificate ceremony to newly deserving and qualified tax practitioners in Lagos.

2 documents South African expats need to avoid being taxed by SARS

When going through the process of ‘financial emigration’, it is important that an ex-pat ensures all benefits that come with ceasing tax residency.

ENSafrica tax in brief

Below, please find issue 88 of ENSafrica’s tax in brief, a snapshot of the latest tax developments in South Africa.

Tax Evasion: 90% of Kenyan companies pay no corporate tax

Kenya Revenue Authority’s enforcement unit is pursuing suspected tax evaders

Tax hikes to fund BIG in South Africa inevitable, report shows

The overall goal of the BIG would be to alleviate poverty.

The tax scam to watch out for in South Africa this year

Although cybercriminals use other sophisticated tactics to steal information, social engineering scams are low-hanging fruit, especially during tax season.