Managers of Wealth Africa

Reps probes tax deductions, multiple charges by banks

Civil and public servants, in particular, say they are being hit by multiple taxes, levies, and bank fees that reduce their already stretched incomes.

FIRS grows tax collection to N47.39tn

The tax agency exceeded its revenue target by 15 per cent, according to new performance figures obtained by our correspondent on Sunday.

SARS final demand warning to taxpayers in South Africa

A legitimate SARS letter of final demand is issued under the Tax Administration Act and represents a serious escalation in the debt collection process.

Gani Adams advocates tax waivers for culture sponsors

Adams also urged governments at all levels to develop more youth-focused programmes that would keep young Nigerians positively engaged

End of the line for taxpayers in South Africa

However, the taxman also made it clear that it would pursue those who shirked their obligations.

Tax: Pensions, stipends, remote earnings of Nigerians in diaspora to be exempted – Taiwo Oyedele

This update aims to allay fears about the new laws and confirms that Nigeria will tax non-resident citizens’ income earned within its borders only.

Removing the hidden tax on Ghana’s digital future: A path to faster, cheaper Internet

It sounds absurd, but this is precisely what happens every day to a significant portion of Ghana’s Internet traffic.

Another 50% tariff to hit South Africa, and Hyundai going after the government

Investors are awaiting domestic data on business confidence, mining production, and retail sales for further economic insights.

90% of tax revenue goes to state govts — FIRS chair, Adedeji

When we set out on this journey, our mind was set on reforming the fiscal landscape of Nigeria and consequently changing the revenue structure of the Federation.

New proposed laws that should make CEOs and boards of state-owned companies nervous

At the moment, South African law only allows delinquent-director cases to be brought against directors of registered companies, including state-owned companies (SOCs) like Eskom, Transnet, and South African Airways.

Tax hike could deter foreign investors – Economists

For companies, the Capital Gain Tax rate is increased from 10 per cent to 30 per cent, aligning it with the Companies Income Tax rate.

Sars offers limited-time lifeline for indebted taxpayers

Only undisputed tax debt will be eligible for compromise.

Taxing the super-rich tops inequality agenda for SA’s G20 presidency

As South Africa prepares to host the G20 Leaders’ Summit in Johannesburg this November, the challenge of narrowing inequality – both at home and across the continent – has never been more urgent.

Eskom reports R16 billion in profit

The group recorded a profit before tax of R23.9 billion (2024: loss of R25.5 billion), marking the first return to profitability since FY2017.

How remote workers, diasporans, others will be taxed – Oyedele

The tax chief also stated that anyone rendering a service, including sex workers, will be taxed from January 2026 as long as an income is received, emphasising that the new tax laws don’t differentiate between what’s legitimate or not.

Nigeria: Reforms in personal, company income taxes to commence January 2026 — FG

The outstanding exposure was converted into a structured federal loan now being serviced with both principal and interest payments

The R100 billion South African industry that pays virtually no tax

The Outa CEO argued that there was no reason why the South African taxi industry, which deals mainly in cash, should not be taxed.

SARS issues new mandatory requirement for businesses in South Africa

This is according to tax experts at ENS, Africa’s largest law firm with over 600 practitioners and more than 200 years’ experience.

One way rich South Africans protect their wealth and pay less tax

In a bank account in pounds, you’re earning probably less than 2%.

SARS is cutting an important lifeline for taxpayers

According to Tax Consulting SA, the “bona fide inadvertent error” was a layer of protection for taxpayers who made innocent misstatements without the intention to deceive the taxman.