Managers of Wealth Africa

Billions lost to weak tax regime as poverty bites

The World Economic Forum (WEF) says almost six people in Nigeria fall into the poverty trap every minute.

Uganda raises tax revenue of 92.5B from offshore – report

. Uganda now makes routine use of exchange of information as a tool to protect its tax base,” the report says.

Property Taxes And The Rich, Famous And Powerful In Ghana

To a very large extent, this class of tax-avoiders or evaders are the same people who own significant real estate in Ghana - residential, commercial, and industrial properties as well as large tracts of land in various areas.

Manufacturers association calls on govt to widen tax bracket

KAM urged the government to increase tax cuts to manufacturers and clear all the remaining pending bills as the sector is facing a liquidity crunch.

KPMG South Africa winning back customers as reputation recovers, says CEO

KPMG has spent the past two years increasing the independence of its board, adding layers of security to its auditing processes and reviewing the risk profiles of clients, the CEO said.

Finance Bill 2019: Tax Implications for Nigerian Entities

The Bill, amongst other things, generally amends certain key provisions of various tax legislation in Nigeria

Zimbabwe: Tax measures proposed in 2020 budget

The national budget for 2020, presented on 14 November 2019, includes proposals concerning the corporate income tax, value added tax (VAT), capital gains tax, certain indirect and excise taxes, among other provisions.

Kenyans to pay more in taxes as govt seeks funds to pay debts, salaries

The money had been withdrawn earlier from the Consolidated Fund.

Tanzania in International Tax Law: Reinforcing Tanzania rules on controlled foreign corporations

To protect its tax base, Tanzania introduced rules in the Income Tax Act, 2004 (ITA-2004) to determine when the income of a company doing business in a foreign country should be taxed and when foreign income is exempt from taxation.

ENSafrica tax in brief

Requirement that the Applicant’s Rule 56 application be preceded by a valid objection and a valid notice of appeal, discussed.

Taxman demands PINs of pension scheme members

We would also like to update your beneficiary information.

Nigeria’s $15bn annual loss to tax evasion

In a statement on the event, FIRS said that the regime was part of Nigeria’s commitment to improving transparency in tax administration, increased tax revenue collection, enhanced effectiveness and efficiency service delivery.

ATAF, World Bank partner to strengthen African tax system

The African Tax Administration Forum has in many instances underscored that African countries’ biggest loophole in domestic revenue mobilization was that tax collection revenues lack capacity and thus were not fully effective and efficient in deli

KRA feels the heavy weight of government’s desperation for money

The KRA expects to charge 600 suspected tax cheats in the next 12 months as it moves to recover lost revenue.The KRA expects to charge 600 suspected tax cheats in the next 12 months as it moves to recover lost revenue.

Ramaphosa hopes tax collection will improve 'in a year or two'

If you look at the policies that we have adopted, you will see efforts have been made to reposition the economy," said Ramaphosa.

South Africans should brace for higher taxes

That has added to the strain on consumption spending and economic growth.

IMF calls for more tax collection to lower public debt

Budget Director-General Geoffrey Mwau admitted that the country’s fiscal space had narrowed and they were looking at ways of consolidating from the revenue side.

Just 12,000 wealthy SA taxpayers contribute more than 2.4 million others

Personal income tax collections are of particular concern because South Africa relies heavily on these revenues.

Reality dawns on Treasury over tax revenue targets

As a result, he told National Assembly’s Budget and Appropriations Committee, Treasury had decided to cut the target for the current financial year.

Forget about DTAA, embrace tax incentives to bring investments

TJNA argues that instead, they result in massive revenue leakage for African countries which outweighs incoming foreign direct investment (FDI).