Managers of Wealth Africa

Corporates and the rich must pay more taxes

National coffers, of course, rely on taxes, mostly based on levels of personal income and on corporate profits.

Like Multinational Companies, Africa's Richest Are Hiding Wealth And Avoiding Taxes

The September 2018 AfrAsia Bank Africa Wealth Report says the total individual wealth held in Africa amounts to US$2.3 trillion.

Tax rate increase vs. inclusive wealth creation: which way to go?

Nigeria needs trillions in Naira of investment to fix infrastructure.

Small tax base stifles Africa's self-financed growth

Delegates are expected to discuss modalities of how to better finance Africa’s growth and ways to ensure that the young populations participate in the economies.

Get offshore exposure tax-free

Investors may be missing out on opportunities with their tax-free savings accounts.

Looming "expat tax" is ultimately fair

Treasury also indicated that they are not interested in a policy change and that the R1 million exemption will not be increased.

Treaty to ‘dodge Kenyan tax’ deemed unconstitutional

“Today’s judgment validates our call for African countries to review all their tax treaties particularly those signed with tax havens.”

Africa tax in brief

The VAT system is to replace the current consumption tax regime, broadening the tax base and introducing a single tax rate of 14% with effect from July 2019.

South Africa goes ahead with expat tax

It will also impact companies that send employees overseas for work, who will have to deal with the new tax implications.

OPINION: Tax residency and financial emigration: Not everyone is an expert!

The upshot is also that when you complete your South African or offshore bank’s CRS and/or FACTA forms, you can formally note yourself as non-resident for South African tax purposes.

The next few months will hit South Africans hard: Dawie Roodt

Dawie Roodt, chief economist of the Efficient Group, said consumers are also about to be hit by higher toll fees, new taxes, and hikes in three existing ones between March and June.

Enforce lifestyle audits through tax statutes

The more common parlance used in tax investigations is ‘means test’ which is a way of ascertaining whether reported incomes over a period is sufficient to cover the person’s living expenses and other known payments.

A Quick Look At The Basics Of Tax-Free Offshore Investing

The South African stocks market is quite undiversified compared to others – if a dominant player like Naspers drops on the JSE, there’s a ripple effect.

African Tax Evaders Beware: Britain Has Plans For You

The U.K,.’s programs have included seconding HM Revenue & Customs inspectors to foreign governments.

Budget Review: Everything you need to know about how Budget2019 affects your pocket

In total, Budget 2019 includes proposals to raise R15bn in additional tax revenue for the 2019/2020 financial year. This will boost total estimated tax revenues to R1.4trn in 2019/2020.

Is it possible to turn around SA’s tax regime? Dennis Davis lays it out for us

“The corporate tax rate puts us outside of the range of competitiveness, with no real room to increase. No wonder our minister of finance cannot find any money.”

Seychelles Challenged On IBCs Tax Regime

The letter to authorities in Seychelles was one of six addressed to offshore territories recently by the Code of Conduct Group

CSOs warn about Sh2.7 trillion tax arrears

The committee also reported that the accumulation of tax arrears has been caused by the failure of the government to pay suppliers of goods and services

Watch out for this hidden tax

As a result, high income earners have ended up in a situation where their take-home pay has not been keeping up with inflation.

Could taxation of mobile banking in Africa stall financial inclusion?

As tax rates increase beyond the optimal rate, tax revenue declines and the potential for distortion in the market is raised.