Managers of Wealth Africa

MTBPS: Proposal to improve collection of taxes

The tax-to-GDP ratio is also expected to decline substantially, dropping from 26.3 percent to 22.9 percent.

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 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.

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.

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.

Transfer pricing dispute resolution: what are the alternatives?

A tax authority will adjust prices between related persons that appear to be unfair.

Africa tax in brief

African Tax Administration Forum: Digital Services Tax proposed for member countries

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.

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.

Taxpayers have a watchdog in the OTO

But it needs independence.

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.

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.

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.

Multilateral Convention to tackle tax evasion and avoidance continues expand reach in developing countries

It guarantees extensive safeguards for the protection of taxpayers' rights.

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.

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

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.

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.

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.

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.