Managers of Wealth Africa

Tax-free savings in South Africa and how to get the best returns

Different investments will attract different taxes. Investors are also given some reprieve in the form of certain exclusions with regards to the different taxes that are payable.

KRA leveraging on technology to seal tax cheats, hit target

EGMS among key systems as the taxman continues to record high collections.

New SA tax law: a bold step for loop structures and exchange control

In line with the stated intention to modernise SA’s existing exchange control system, three tax laws were promulgated on January 20

South Africa tax collection could be R100 billion more than expected

The Treasury said in June, long before the country started ordering vaccines, that it plans to raise an additional R40 billion in taxes in the medium term.

The great wealth tax debate: How to fund a constitutional state

Have high-income earners been taxed more and more over the years and has a limit now been reached?

No matter the label, SA has little tolerance for tax hikes

Plugging the leaks would be better than resorting to a wealth tax, vaccination tax, solidarity tax, or general tax increase.

How to avoid an unexpected tax bill

Both the employer and provider are required to deduct Pay-As-You-Earn (PAYE) tax from the income they provide to the taxpayer and pay it over to SARS.

Nowhere to hide for super-rich tax dodgers

Sars is slowly closing off the loopholes that have allowed high-net-worth individuals to hide the scale of their incomes

Andersen Global Expands Coverage in South Africa

Our firm has developed strong relationships with our clients by providing best-in-class solutions and maintaining the highest standards of professional conduct

Debt costs eat up 61pc of taxes in six-months

The country widened its debt service relief request to all its bilateral lenders, hoping to save a total of Sh69 billion.

S. African Wealth Tax Could Raise $10.7 Billion, Study Shows

Richest 1% of population own 55% of personal wealth in country

KRA lists new measures for taxpayers

Taxpayers who take advantage of the programme will receive full or partial waiver of the penalties and interest, depending on the time of payment of disclosed taxes.

Kenya joins Tanzania and Uganda in taxing digital transactions

The new tax has added more financial pain to households and businesses that started the year with tax relief measures rescinded by the National Treasury.

South Africa Treasury reportedly considers tax hike to fund vaccines

Other options being explored include widening the budget deficit and reprioritising government spending.

Calls for lifestyle audits on rich South Africans living in mansions and driving expensive cars

Drive around Clifton, Camps Bay, Bishop’s Court, Bryanston and Sandton and count how many houses there are that have to have that level of income for the upkeep.

Last chance for SA expatriates to come clean with SARS

The safest route to remove ambiguity on tax residency status is to follow the formal financial emigration process.

Kenya risks losing out on international tax treaties – experts

Last year, the government was also in pursuit of new DTA's with the government of Barbados and the Republic of Singapore.

The tax advantages of formal retirement savings are worth exploiting

Be cautious around advice suggesting cashing in formal retirement savings and investing outside the formal retirement savings system: Alexander Forbes.

SARS sends out notice about offshore assets – what you should know if you get one

After recovering from the shock of the introductory words of the notice, SARS extends an olive branch and states that it wishes to engage with the taxpayer first, in the interests of administrative justice.

KPMG names Ecobank among 2020 Customer Experience Leaders

While many banks struggled with providing dedicated relationship managers to SMEs, other banks quickly adapted by developing “how-to” guides for their relationship managers to navigate client relations during the pandemic.