Managers of Wealth Africa

How Nigeria doesn't want to be lax on tax no more

The money is desperately needed. Widening Nigeria’s tax base will help boost non-oil revenue in Africa’s largest economy, which is limping out of its worst recession in 25 years.

How Nigeria doesn't want to be lax on tax no more

The money is desperately needed. Widening Nigeria’s tax base will help boost non-oil revenue in Africa’s largest economy, which is limping out of its worst recession in 25 years.

Investment hubs lead to higher tax income and growth in developing countries

Investment hubs are jurisdictions that facilitate the flow of international investments, thanks to their stable legal and political environment, a sound financial infrastructure, and a professional ecosystem.

Africa still leaking billions through tax evasion

They do this with the help of professional tax experts, hired by banks, financial advisory or asset management companies and firms providing professional services. The service goes by many innocuous names, including transfer pricing.

Tax on cryptocurrency transactions: SARS should come to the aid of taxpayers

Though SARS' announcement on the tax status of cryptocurrencies has been anticipated, at this late stage it may come as a shock to many to learn that, not only will their cryptocurrency transactions be taxable going forward, but that tax legislation

Changes to the anti-avoidance rules on dividend stripping and share buy-backs in terms of the Taxation Laws Amendment Act, 2017

Baha Mar created about 4,000 jobs by March 2018 and helped reduce the unemployment rate to 10.1 percent in November 2017, from 11.6 percent one year earlier. Inflation remains low despite higher oil prices.

Wealth tax: can SA afford to raise the already high burden on the rich?

The Davis Tax Committee has reviewed a possible wealth tax and has concluded that this is probably premature in an anaemic economy, Mertens explained.

Bleeding KPMG SA reviews its business model

The firm’s future was already unclear after it lost its largest private-sector audit client, Barclays Africa, last week, and auditor-general Kimi Makwetu cancelled its government auditing contracts in April.

Voluntary disclosure regime extended

'The extension will provide an opportunity for taxpayers caught by the original deadline to regularize their tax positions.

KPMG South Africa audits own staff after breaking public trust

The allegations against them included their failure to comply with the firm’s policies and procedures regarding the disclosure of relevant financial interests, KPMG South Africa said in an emailed statement on Saturday.

No wealth tax yet, but bigger administrative burden awaits taxpayers

Davis Tax Committee publishes its final report.

Andersen Tax Launches in Kenya

The launch continues Andersen’s strategic expansion across Africa, with Andersen Tax in Kenya becoming the second African firm to adopt the Andersen name. In Kenya, Andersen Tax is led by Managing Partner, Philip Muema.

Overtaxed Saffas flock to Portugal as swallows

Tax-battered wealthy South Africans, hoping to protect their retirement income are retiring to Portugal for six months a year on the country’s Non-Habitual Residence programme, with its attractive 10-year tax break.

Africa Progressing In Fight Against Corruption, Illicit Financial Outflows

In terms of fighting corruption and illicit financial outflow of African money, Alvin stated that it is necessary to look into both the demand and supply side (the corrupt African elites and these who corrupt them).

Gupta Brothers Get Lifeline As Indian Tax Authorities Grant Extension

The accountant reportedly told officials he was ready to answer all their questions regarding the Guptas' tax affairs.

New laws to charge VAT on software and other online services in South Africa

So, with effect from 1 June 2014, the VAT Act was amended and regulations were introduced which changed the way that certain imported electronic services were to be taxed,” the law firm said.

Zimbabwe extends tax amnesty to June

A payment plan should be proposed by the applicant at the time of application

Uganda: when can domestic laws override tax treaties?

Mutual agreement procedures between tax authorities are typically drawn-out processes with no guaranteed outcome.

SA spends more than Switzerland on anti-money laundering laws, says study

The South African study is based on responses from a representative sample of 59 banks, insurers and asset managers, including 17 with assets exceeding $50bn.

Many Nigerians can’t match their lifestyle, assets with paid tax - Finance minister

Adeosun advised offshore asset owners in Nigeria to utilise the VAIDS window to regularise their taxes before the end of the amnesty programme.