Managers of Wealth Africa

Pay your taxes promptly or stop lamenting

And there is the informal sector, which means everyone who does business illegally and illegitimately, not paying taxes, or anything else either, from NHIF to NSSF contributions and onwards.

African nations can end tax abuse

Domestic public resources are central to development as recognised by the Sustainable Development Goals (SDGs) and the Addis Ababa Action Agenda – resulting from an international conference held in the Ethiopian capital in 2015.

EA loses billions in tax exemptions and remissions in five years

The EAC has been implementing an exemption and remission scheme since the EAC Customs Union was established in 2005.

Trust-to-Trust: Assets and family outside SA, trusts and tax

Generally, the administration costs pertaining to foreign trusts are substantially higher than those of South African trusts, which has discouraged people from using these structures.

Africa losing $25.7b to fraudsters using tax havens

Global Alliance for Tax Justice said tax loss of $25.7 billion every year is equivalent to 52.46 percent of the continent’s combined health spending and equates to 28.67 percent of Africa’s combined education spending.

Africa losing $25.7b to fraudsters using tax havens

Kenya scraps Covid tax relief amid debt default risk

The government will, however, continue to cushion low-income earners by retaining 100 percent tax exemption/relief for those earning monthly incomes of Ksh24,000 ($240) and below.

Fall in property taxes signals low land, house sales

KBA Housing Index, for instance, showed demand for apartments shrank 63 percent in an overall subdued price trend.

Tax Evasion Costs Morocco Over $521 Million Per Year

Morocco suffers the eighth-largest corporate tax losses in Africa.

These types of homes in South Africa are seeing the best returns right now

The FNB House Price Index (HPI) showed annual house price growth flatlined in October, reaching 2.6% y/y (last month downwardly revised from 3.1%).

Illicit financial flows cost Africa billions of dollars – Global Tax Justice Network

The country most affected by this phenomenon of tax evasion is Nigeria, followed by South Africa, Egypt, and Angola.

Report Shows Wealthy Kenyans Are Hiding Untaxed Sh457 Billion in Offshore Accounts

Kenya ranks second in the amount of stolen donor funds hidden overseas, behind Jordan which had Sh350 billion stashed abroad.

Time for African countries to take a stand against tax abuse

Domestic public resources are central to development as recognized by the Sustainable Development Goals (SDGs) and the Addis Ababa Action Agenda – resulting from an international conference held in the Ethiopian capital in 2015.

Is overtime or commission taxed differently to your salary – and other tax deductions you should be aware of

Allowances such as your travel allowance are also taxed at the same rate.

Treasury plans wealth tax for Covid recovery

The Treasury’s talk of imposing higher taxes on the rich follows a global pressure for the wealthy to pay more duty and help impoverished populations survive the coronavirus and its economic hardships.

African nations must take a stand against tax abuse and illicit financial flows

This will require a shift from the instrumentalisation of foreign aid for securitisation purposes, a fundamental rethink of globalisation and development, and political leadership.

Africa tax in brief

BURKINA FASO: Multilateral Instrument instrument of ratification deposited

EA fights tax cheats as virus takes heavy toll on revenues

East African Community partner states have recorded massive decline in revenues with the quarter from July to September being the worst with revenue growth ranging from -44.9 percent to 2.1 percent.

Kenya's KCB Group says nine-month pretax profit plummets on COVID-19

During that period it restructured customer loan facilities worth 105 billion shillings to cushion borrowers from the impact of the COVID-19 crisis, KCB said.

Absa loses 8-year royalty tax battle against KRA

The fee is charged by banks for processing and accepting card-based transactions on behalf of their rivals.