Managers of Wealth Africa

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.

African states losing revenue in double tax treaties - study

They are missing 15 per cent of revenues in tax avoidance compared to 12 per cent FDI inflows

Fees for Electronic Transactions “Put National Financial Inclusion Strategy at Risk”

“With this measure it seems that it is easier to charge those who we already know pay or receive digital payments than to go after those who evade taxation.”

Tax increases and other measures to help fund South Africa’s proposed basic income grant

A report compiled by the group found that 20% of households – nearly 12 million people – fall below the food poverty line (FPL) equivalent to a monthly value of R595.

SARS tax crackdown turns to PPE vendors, Pandora Papers

The latter include some 1 900 entities with over R6 billion in contracts, but which are not registered as VAT vendors.

Home office for tax purposes in South Africa

To determine your home office deduction, workers should calculate the total square meterage of their home office in relation to the total square meterage of your home and convert this to a percentage.

SARS introduces tax changes for people getting retirement income

The tax collector said it will introduce changes to its systems from 1 March 2022 to prevent these taxpayers from accumulating large tax debts when they submit their income tax returns.

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