Managers of Wealth Africa

Firms smile as VAT, Paye reduced

Kenya lowered its VAT from 16 per cent to 14 per cent as proposed by the East African Business Council

The ugly truth about the existing stealth-wealth taxes in SA

Balance sheet taxes can be materially more impactful than what taxpayers are expecting.

Dennis Davis: Why a wealth tax won’t work

Right now, there’s little scope to implement new taxes, including a wealth tax.

Taxpayers to bailout KQ as it sinks into a further $130m loss, and still grounded

The airline has run short of cash to finance its operations including maintenance of aircrafts, payment of leases and employee salaries.

Mauritius: key taxation implications of the COVID-19 Act

Government has introduced a new COVID-19 Levy applicable for the years of assessment commencing on 1 July 2020, 1 July 2021 or 1 July 2022 for employers (individuals, sociétés and companies) who have benefited from the Government Wage Assist

Johannesburg tax advisor moves for Baker McKenzie and ENSafrica

ENSafrica recruited two accountants as tax executives in March.

Tax penalties waiver plan good for business

Under the voluntary tax disclosure plan, which shall run for three years with effect from January 1, 2021, the Treasury says those who declare pending liability and pay within one year shall enjoy 100 percent interest and penalty waiver.

Detectives on trail of possible Sh5 billion tax evasion racket in mobile phone theft

The DCI sleuths and customs officials from the Kenya Revenue Authority are now seeking to establish if the owners were deliberately under-declaring the consignments or smuggling taxable products.

Here’s how South African tax residents and non-South African tax residents are taxed differently

South African tax residents and non-South African tax residents are taxed differently. South African tax residents are required to pay tax on income earned in South Africa and overseas.

Debating a wealth tax: 'It raises a moral question in SA's unequal society'

Africa Melane gets input from Judge Dennis Davis, chairperson of the Davis Tax Committee.

‘Unpeople’ and ‘Unmoney’: An activist counts the costs of the ‘uncounted’

The sheer scale of the problem is by its very nature hard to quantify.

Uhuru signs tax relief bill to cushion Kenyans against Covid-19

The new law further lowers turnover tax rate from 3 to 1 percent.

Stockbrokers threaten to load VAT on investors

Kasib warns that the tax will lead to an increase in the cost of stockbrokerage, which will ultimately be paid by investors.

Infrastructure, green bond investors to pay levy on interest

The introduction of the tax is set to remove the single most distinctive and attractive feature of these bonds

UBA bank pre-tax profit soars 347pc to Sh105 million

The bank’s loan book, deposits and asset base grew by five percent, 15 percent and five

World Tax Advisor, featuring special COVID-19 section

These measures, which vary in magnitude and scope, are intended to mitigate the economic and fiscal effects on businesses and individuals.

EDITORIAL: Tackling the big tax-dodgers

Large amounts are being diverted offshore through base erosion and profit shifting, which involves diverting earnings made in SA, particularly by multinational companies, to lower-tax jurisdictions.

Pay Your Tax, FG Tells Nigerians

The permanent secretary who stated that tax payment was part of the constitutional responsibility of Nigerians

Banks Extended Stamp Duty Charges To Savings Accounts

Provided that money paid into ones’ own account or transferred electronically between accounts of the same owner by the owner within the same bank shall not be chargeable to duty.

Seychelles to reform tax rates after OECD report

Currently, business tax rates on profits vary between 15% for the tourism, agriculture and fisheries sector; 25%-30% for small- to medium-sized businesses; and 33% for the largest businesses.