Managers of Wealth Africa

To minimise tax, is it better to draw from discretionary or retirement fund savings?

Two advisors answer this reader's question.

It’s D-day for taxpayers in South Africa

Most salary earners are, therefore, non-provisional taxpayers if they have no other sources of income.

R500 billion in taxpayer bailouts for Eskom

National Treasury this week updated the Standing Committee on Appropriations on the first-quarter performance of various state-owned enterprises, covering the period from April to June 2024.

Deloitte Ghana to train actuaries

This is to enable them to help transform insurance and provide efficiency in the sector.

Important tax deadline hitting this month – what you need to know

Gilbert cautioned that taxpayers should be careful not to miss the deadline, as doing so could result in SARS imposing fines and penalties.

Sars cannot simply impose hefty understatement penalties

Particularly when a taxpayer has acted on professional advice.

FG proposes NIN, tax for foreigners

If passed into law, the new bill would see expatriates and income-earning immigrants being taxed.

A marked y/y rise in VAT revenue in Q2 ‘24

The robust y/y growth in Q2 represents the most significant y/y expansion in VAT collections for as far back as we can track.

Tax warning for complexes and gated communities in South Africa

An HOA is an association of persons formed to manage the collective interests common to all its members regarding the expenditure applicable to common immovable property.

Kenya begins national debt audit, finance minister says

During his parliamentary vetting for the post, Mbadi had promised to ensure there is more "debt accountability" to help the public better understand the issue

Warning over ‘hidden’ two-pot tax pain in South Africa

While a lot of noise has been made about the direct tax implications of making withdrawals from the system, Paul Menge, an actuarial specialist at Momentum Investo has warned of the ‘hidden’ tax implications.

SA’s work visa reform plans slowed by tax issues

There is just a tax-related matter that needs to be addressed in the regulations: Home Affairs Minister.

SARS scores massive retirement fund payday

SARS received an average of 17,964 tax directive applications a day.

Calls for another tax and exchange control amnesty to help close tax gap

Concerns raised about rigidity of current voluntary disclosure programme.

Tax incentives under fire again

They ‘distort’ the economy, ‘destruct’ the tax base, and are open to ‘abuse’.

SARS is coming after these taxpayers hard, legal experts warn

They warned that traders must immediately comply to avoid penalties.

‘Impose windfall taxes on thriving sectors to increase revenue’

The economic think-tank said, this measure was essential for improving the country’s revenue collection and alleviating the government’s reliance on borrowing, which was exacerbating the national debt crisis.

VAT on electricity: Govt to prioritise tax compliance, reduce inefficiencies – Abena Osei-Asare

She noted that plans by the government will be in tandem with the Medium-Term Revenue Strategy, which has been outlined by the Finance Ministry.

Systemic investigation must ensure proactive protection of taxpayer info

Representative body wants decisive action against profile hackers.

Investigation into taxpayer profile hijackings gets green light

Systemic nature of complaints warrants a review.