Managers of Wealth Africa

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.

Nigeria: We'll Name, Shame Tax Defaulters After VAIDS in March, 2018 - Adeosun

When we did the analysis, only 241 people in the country were paying above N20 million.

Kenya: KRA Says Kenya Risks Losing Billions in China Tax Agreement

This largely goes into infrastructure development.

UN Tax Office Urged To Curb Offshore Tax Havens

UN Tax Office To Enable It Deal With Illegal Stashing Of financial Wealth To Offshore Tax Havens

Tanzania: UN Tax Office Urged to Curb Offshore Tax Havens

Last year, the Bank of Tanzania welcomed the investigations on business tycoons and government officials alleged to have stashed away billions of shillings in offshore accounts, calling for cautious inquiries.

World Bank and PWC study reveals risk of increased tax rate for SA

The Paying Taxes 2018 study further said that it takes more than six months in South Africa to get a Value Added Tax refund.

Kenya Amnesty, an opportunity not to be missed

A process that addresses past non compliance and widens full tax compliance across all of society must be in everyone’s best interests.

Banks and non-remittance of withholding taxes

These activities are frowned upon by Nigeria’s extant laws

KPMG wants government to be ‘aggressive’ with data agenda

The shortfall in tax revenues translates into an overall underperformance of domestic revenue, which prompted government to cut its expenditure in order to keep to its deficit target.