Managers of Wealth Africa

South Africans should brace for a 2% VAT increase

“An increase in the VAT rate from 14percent to 16percent will generate an additional amount of about R48bn, which should be sufficient to stabilise the nation’s finances."

FG targets 100% increase in tax-to- GDP ratio by 2020

The Federal Government wants to double its tax to gross domestic product ratio by 2020.

Nigeria to Target Tax Defaulters in Bid to Spur Economy

Boosting tax collection will make more money available to help spur activity in an economy that contracted in 2016 due to a decline in the output of oil.

VAIDS and Nigeria’s viability

Countless examples of policies that bombed were given to support their position.

Deloitte says they did the right thing with Steinhoff

This however depends on the successful completion of the PricewaterhouseCoopers investigation into the matter.

Tax forecasts for 2018. It ain’t looking good for SA

It seems that President Zuma will blunder on in an attempt to restore confidence in the SONA address.

How Kenya’s gambling tax hike could affect its economy

In June 2017, Kenya’s president Uhuru Kenyatta signed into law a 35% tax on all gambling revenue from the country’s lotteries, betting operators, online sportsbooks, and similar

SARS to provide tax rules on Bitcoin and other cryptocurrencies in next few months: report

In July, it was reported that the South African Reserve Bank (Sarb) would start testing a number of regulations related to Bitcoin and other cryptocurrencies before the end of 2017.

South African Tax Authority Seeks to Track Crypto Trades

The South African Revenue Service is to take appropriate steps to tax crypto gains.

Now Deloitte faces double probe

Bam said Deloitte received an Irba letter this week requesting a written response to allegations of improper conduct in relation to Steinhoff.

South Africa to reinstate tax courts

In response to the probe, Sars is now looking to bring back tax courts and use them as a key part of its enforcement strategy going forward, according to news website Moneyweb.

Zimbabweans stash $1 billion offshore

Savings held by Zimbabweans in offshore banks were estimated at about US$800 million on dollarisation in 2009, the central bank deputy chief said.

KPMG revenues grow strongly to record $26.4 billion

KPMG invested more than US$1 billion this year in a multi-year program focused on new technology, innovation and developing new services and solutions

SA might see fall in tax compliance

Troost pointed to personal income tax making up the largest share of Sars’ total revenue.

Nigeria is getting more people to pay taxes by not punishing them for tax evasion

Africa’s largest economy is under pressure from multilateral organizations like IMF and World Bank

East Africa: EAC to Harmonise Tax Regimes

The EAC Tax Policy sets out the recommended policy positions that should be pursued in tax treaties negotiated by EAC with non-EAC countries.

Mauritius commits to avoiding ‘harmful’ tax features

Mauritius remains a fully cooperative jurisdiction

Institute of chartered accountants says-namibia not a tax-haven

The Bank of Namibia reviews applications from businesses who want to transfer funds to and from Namibia.

Chief Minister pleased Island not on tax blacklist

Howard Quayle adds that whatever is agreed in future should be a global solution - and not just something which applied to few countries.

ANALYSIS: SARS intensifies focus on the rich and ultra-rich with expanded team

The committee recognises that "fiscal citizenship" is improved by building "trusting relationships" with high net-worth individuals to inspire confidence in the tax authority.