Managers of Wealth Africa

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.

Citizenship puzzle for Kenyan-born Cypriot billionaire

While Kenyans have a right to become dual citizens, the Citizenship and Immigration Act declares that “every dual citizen shall disclose his or her other citizenship in the prescribed manner within three months of becoming a dual citizen”.

Ivory Coast : Consumers against rising taxation on “mobile money”

The rate of banking remains low in the country

Mauritania joins international efforts against tax evasion and avoidance

The Convention provides all forms of administrative assistance in tax matters

KRA starts crackdown on Treasury bond tax cheats

CBK, which last year instructed commercial banks to strictly enforce the requirement, has now joined in with the directive to buyers of Treasury bills and bonds to update their tax details.

Is SA’s corporate tax rate too high?

Lower rate could help attract investment but reduction is unlikely given the country’s fiscal position.

10 Footballers Who Had Run-Ins With The Law For Tax Fraud

As a result, the five-time Ballon d'Or winner was handed a two-year suspended prison sentence for his transgressions.

SA expat tax law: How to avoid SARS clamp-down on expat income

A legislative amendment to SA expatriate tax law is set to come into effect on 1 March 2020

Google South Africa’s tax mystery

The scheme used by Google, dubbed Double Irish, is a “base erosion and profit shifting” corporate tax tool used by US multinationals to avoid corporate taxation on their international profits.

New 30pc dividends tax shocker hits investors

The law is expected to raise billions of shillings in additional revenue for the government

New Barrick eyes several options to end Tanzania tax dispute: CEO

Bristow expressed confidence that the conflict, which began when the Tanzanian government slapped Acacia with a $190 billion tax bill in March 2017, would be resolved.

IIA takes a fresh look at risk management model

The first line of defense is management’s responsibility to effectively assess risks and to design and implement internal controls to mitigate those risks, according to Chambers.

Judge Davis wants further probe into profit shifting in SA

The tax committee head wants an investigation into the ‘significant leakage’ that is robbing the fiscus of at least R7bn a year

Rent to rise as govt clamps down on rental tax evasion

The interest part of Ug.Shs.2.514.11 billion of that debt payment.