Managers of Wealth Africa

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The money had been withdrawn earlier from the Consolidated Fund.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).

FIRS: Nigeria loses $15bn to tax evasion annually

Nigeria has done all these to enable us conduct the first exchange of information under the automatic exchange of information regime by September 2020.

Total Tax Contribution of the Kenya banking sector report launched

The report the first of its kind in Kenya, outlines the tax contribution of the banking sector in forms of taxes borne by the banks such as corporation tax and irrecoverable VAT, and taxes collected as an agent of government such as PAYE, excise duty and

Tax