Managers of Wealth Africa

Global Forum on Tax Transparency marks a dramatic shift in the fight against tax evasion

The meeting marked the widespread rollout of automatic exchange of financial account of information.

KenGen tax bill on 2016 dividend pay hits Sh3.3bn

KenGen had benefitted from billions of shillings worth of investment deductions in construction of new power plants, a move that lowered its effective tax rate below the normal 30 per cent.

Tax evaders suck SA’s lifeblood, put Guptas to shame – global survey

Potential Revenue Losses Associated with Trade Misinvoicing, provides an estimate of the total value misrepresented and calculates the tax lost.

OECD Latest Report on Peer Review Results on Preferential Regimes: Mauritius tax regimes not harmful

The review is part of the OECD's Base Erosion and Profit Shifting (BEPS) Action 5

EU tax haven blacklist drops to five as Namibia removed

The EU wants the BVI to show it has economic substance by ensuring the taxes it collects within the financial services sector were generated through real economic activity in the territory.

The Changing Tax Landscape And Potential Costs Of Non-Compliance

More recently, professional football super stars, Lionel Messi and Christiano Ronalda were the focus of various tax investigations.

Mnangagwa Wants To Remove Mthuli’s 2% Transactional Tax

Government took to heart the cry that the two percent transactional tax has compounded the tax burden for both business and for the consumer.

PENCOM Releases Guidelines on Voluntary Pension Contribution

The Guidelines provides uniform set of rules for the operation of VCs.

President Kenyatta puts tax evaders on the spot

President Uhuru Kenyatta has sent a stern warning to tax evaders in the country.

Widening tax net vital for Africa

Inspired by the 2019 celebration of the 10th anniversary of Ataf's creation, the participants looked forward to creating solutions and transforming African tax systems over the next decade.

Zimbabwe tax system hit by low compliance levels

The Zimbabwe Revenue Authority (Zimra) recently said about 60 percent of registered taxpayers were not up to date with their tax payments.

Tax: Assessing merits of offshore assets returns

Nations are mindful of sources of funds flowing in and out of their shores.

Tax evasion: Buhari moves against errant offshore assets owners

Shehu stated that in signing the order, Buhari noted that under the Nigerian law, every citizen had the duty to declare their income and assets and pay taxes on them, but regretted that this, in most instances, had not been the case.

Tax Inspectors Without Borders making significant progress

Audits cover a cross-section of industry sectors including agriculture, construction, financial services, information technology and communications, hospitality, manufacturing and mining.

Impact of China’s investment on the South African tax base

From a South African tax perspective, given the magnitude of the investment, this will have a significant impact on South Africa’s tax base given that it seems these loans will be made to South African taxpayers including Eskom and Transnet.

SA economy? It’s bad news and it’s getting worse

South Africa is down sh*t creek without a paddle – and all the country know for sure is that’s it going to get much worse.

Singapore, Mauritius fight for relevance after DTAA amendments in 2016

Some may move to Singapore from Mauritius as the former is looking to introduce regulations that could help funds better structure their pooling vehicles

KPMG continues to lose staff and clients in South Africa – report

Not all customers have left the firm

Bankers say new tax will hurt consumers

Kenya is renowned world over for financial inclusion at 75 per cent by last year.

Anambra criticises bank for failing to pay tax

The HOS described the development as very unfortunate and wondered why it lasted for several weeks.