10/29/2020
South Africa could look to Germany as an example for a wealth tax: analysts
Mboweni is also expected to outline plans on restricting spend allocated to SOEs that could compel the necessary reforms, Deloitte said.
Tax
10/25/2020
Tax change for South Africans who work overseas
She added that those at the greatest risk of a tax shock are people who continued earning an income while working for a foreign employer throughout the lockdown but did so remotely from South Africa.
10/23/2020
Tax burden a barrier to SA’s economic growth
South Africa's economic growth in the last few years has simply underperformed and lagged behind the global as well as emerging markets even to the point that Nigeria is the best economy on the African continent.
10/22/2020
How intelligence gathering has boosted KRA’s tax evasion fight
Closer home, the fight against tax evasion has in the recent past taken a different approach whose end goal is to decimate the vice as effectively as possible.
10/21/2020
Transfer pricing dispute resolution: what are the alternatives?
A tax authority will adjust prices between related persons that appear to be unfair.
10/21/2020
Africa tax in brief
African Tax Administration Forum: Digital Services Tax proposed for member countries
10/21/2020
Dividends tax: proposed amendments to the taxation of manufactured dividends
This is because the manufactured dividend is paid in terms of a contractual arrangement between the lender and the borrower and not in respect of shares held by the lender in the borrower.
10/18/2020
South African taxpayers take note: SARS is doing all it can to re-establish its ‘deterrence factor’
Over recent years, SARS has been plagued by a perception that it is unwilling or unable to effectively bring delinquent taxpayers to book.
10/15/2020
Taxpayers have a watchdog in the OTO
But it needs independence.
10/14/2020
Broaden tax base to close vast fiscal gap – World Bank urges Ghana, African countries
The insertion of digital tools into public administration may help expand the set of taxpayers, reduce costs, and improve tax performance.
10/14/2020
Tax hikes proposed for South Africa
At the time, chief director Edgar Sishi said that National Treasury is considering a number of new tax measures as government seeks to raise an additional R40 billion through hikes in the coming years.
10/08/2020
Faced With COVID-19, Africa Shouldn’t Worry About Debt, But How to Make Tax Evaders Pay
That is why we are advocating for the introduction of a minimum global effective corporate tax rate of 25 percent.
10/02/2020
Multilateral Convention to tackle tax evasion and avoidance continues expand reach in developing countries
It guarantees extensive safeguards for the protection of taxpayers' rights.
09/30/2020
10 brewers face probe over Sh3bn tax evasion
The KRA document also shows that Platinum Distillers Ltd had Sh479 million in undeclared volumes of stamp usage for ethanol with Two Cousins Distillers Ltd in trouble for the unaccountable stamps and unreported production worth Sh366 million.
09/29/2020
Uganda backtracks on deal to abolish taxes on Kenyan juices
Kenya's latest Economic Survey data shows that Uganda still remains Nairobi's leading export destination within the EAC and in Africa
09/29/2020
Tax evasion and theft ‘rob Africa’ of $89bn a year: UN study
Nearly half of the total annual figure of $88.6bn is accounted for by the export of commodities such as gold, diamonds and platinum, the report found.
09/25/2020
Tax collection warning as South Africa’s economy likely to continue to struggle
Given the length and severity of the lockdown – one of the harshest globally – it should perhaps be no surprise that the country’s GDP contracted 51% in the second quarter of 2020 based on annualised quarter on quarter numbers.
09/25/2020
Civil groups seek to quash Kenya’s tax agreements with 10 ‘tax havens’
The pair has sued the National Treasury, the Kenya Revenue Authority and the Office of the Attorney General arguing flaws in the procedures leading up to the DTAs.
09/25/2020
Kenya: Draft digital services tax regulations issued
Digital marketplace providers and digital service providers will be subject to DST in Kenya if they provide or facilitate the provision of services to a user that is located within the borders of Kenya.
09/24/2020
Companies in low- or no-tax jurisdictions must show ‘economic substance’
In countries with low- or no tax, firms must have staff, premises, expenses and activities aligned with the company’s nature.