Managers of Wealth Africa

Black tax ‘is holding back young professionals’

The issue of black tax is a complex one, characterised by a balancing act between the responsibility felt to immediate and extended families, and the desire to attain financial freedom.

Confusion As New SA SARS Expat Tax Changes Come Into Force

Tax filing opens August 1 for all taxpayers, but digital platforms are available for e-filing from July 1.

Know the tax consequences of off shore trusts

In terms of the “conduit principle”, the source of income earned by a trust flows through to the beneficiary in the same nature in which it was earned by the trust.

Zimbabwe introduces digital economy tax, transfer pricing filing requirement

The new law provides for a 100 percent penalty on any shortfall

Carbon tax becomes law on 1 June 2019 - ENSafrica

The impact of the legislation, along with complementary measures such as the national greenhouse gas emission reporting regulations, will have a transformative effect on the South African economy.

Ghana’s rising debt shows tax system still not working

Central bank governor Ernest Addison has said that Ghana missed its first-quarter revenue target by almost a fifth, while the country’s total debt at the end of March was up 16% from a year earlier – reaching 58% of gross domestic product (GDP

How South Africa’s 2019 Budget affects businesses and individuals

Amendments to the foreign income tax exemption for South African residents

Tax, Regulatory And Other Considerations For Employee Compensation

These emoluments leave different tax footprints, depending on the form of such items and how they are implemented by the employer.

Wealthy Kenyans jump at government tax amnesty window and wire back more than $10 billion from offshore accounts but the money has ‘disappeared into thin air’

Kenya Revenue Authority says Sh1 trillion was repatriated by some 16,000 applicants who took advantage of the amnesty window during which they were not required to declare the source of their wealth.

Andersen Global Expands in Africa

Moribame Matthews Enters Into Collaboration Agreement with Andersen Global

South Africa’s taxman goes global

Expected to come into effect on 1 March 2020

Low tax yield threatens deficit cuts

Fitch says that weak growth in revenue, largely tax receipts, presents the biggest challenge to Kenya’s fiscal consolidation plan.

Pressure on taxpayers as SGR loan falls due

This is expected to add to the growing load that the Treasury has to bear considering that it is already servicing interest charges on the loan.

Economists think South Africa’s persistent inequality should be tackled with a wealth tax

A less explored topic is that of wealth inequality and, relatedly, the potential use of wealth taxation to reduce wealth inequality while also further diversifying the sources of much-needed government revenue.

Taxing Africa: Coercion, Reform and Development

Today, tax systems across the continent feature a mix of direct taxes on personal and corporate income and indirect taxes on consumption, such as a value-added tax.

Why South Africa should seriously consider taxing its wealthy citizens

An important consequence of a highly unequal distribution of wealth in society is the undermining of social, political and economic norms.

Mixed reactions to Uganda new tax proposals

A lower income tax rate on Treasury bills and bonds usually attracts more offshore investors to the government debt market, raises competition among market players and cuts the cost of debt repayments incurred by the government every year.

VAT update: China confirms rate cuts and OECD sets out proposals for online selling

South African legislation which came into effect on 1 April 2019 is likely to have a major impact on foreign companies supplying electronic services to South African consumers and businesses.

New tax law ‘will push wealthy offshore investors out’

Another brain fart by the South African authorities, this time the tax man, means any repatriated income or capital gains will now be taxed up to 20%.

South Africans abroad must prepare for new 'expat tax'

Starting from March next year, yearly incomes above Dh260,000 could be taxed by up to 45 per cent