Managers of Wealth Africa

Nigeria, Singapore sign agreement to curb double taxation

It operates in a remarkably open and transparent environment, with stable prices, and a per capita GDP higher than that of most developed Countries.

SA taxpayers with offshore cash, assets given deadline to disclose info

The deadline for the Special Voluntary Disclosure Programme is August 31, 2017.

Move to double-tax SA expats slammed as discriminatory

Presently, those working in another country for more than 183 days each year do not pay tax on income from abroad.

Why foreign trusts bill warrants much closer scrutiny

There is concern over a proposal to change loan and company taxation laws

Kenya signs tax deal with S. Korea

In addition, shareholders in such companies will be exempted from the taxes

Tracking Nigeria’s rich tax evaders

If a comprehensive tax audit is ever conducted in Nigeria it is doubtful if any wealthy Nigerian will go without facing charges.

Gupta e-mails reveal suspected multibillion-rand tax avoidance scheme

Family patriarch Atul Gupta at centre of scheme tax experts say points to evidence of a complex tax avoidance practice

Tax exemption on income earned outside SA to be scrapped

Under the current laws

What SARS could gain, and taxpayers lose, with scrapping of 183-day exemption

In practice, where an employee falls into the maximum 45% tax bracket and pays 25% tax in a foreign country, SARS will now collect the difference of 20%.

Anonymous Nigerians own, operate 200 private jets locally

A handful of rich Nigerians, including religious leaders, have been said to own private jets under such conditions.

South Africa has the best tax system in the world – but this is how it’s going very wrong

It was ranked best in the world (1) in the final category

SARS sets sights firmly on high-net-worth individuals

High-net-worth individuals will find themselves under greater scrutiny from SARS in the immediate future.

Andersen Tax Debuts in Africa

The adoption of the Andersen name is the logical next step in our expansion efforts in this key African market.

Nigeria seeks to reduce tax evasion

The forum works under the auspices of the OECD and G20 and focuses on increasing the standard for information exchange.

FIRS boss laments Evans’ illicit wealth, goes after 29 private jet owners

Fowler spoke at the weekend at the FIRS and Global Forum on Transparency and Exchange of Information on Tax Purposes workshop in Lagos.

Osinbajo Reads Riot Act to Tax Defaulters

He noted that only 214 people were paying an annual tax of N20 million voluntarily which, according to him, is a far cry from the large number of high net-worth people in the country.

Tax evasion task force recovers Sh2 billion from firms in 2 years

The KRA has further recovered more than Sh5 billion from over 50 cases involving illicit financial flows.

How Jimi Wanjigi makes billions at taxpayer’s expense

They are for fortune and health.

Nigeria hopes to generate $1b from tax evasion amnesty

It said tax evaders who delayed participation until after December 31 would be liable for interest on overdue tax balances.

KRA, banks lock horns over taxation of loan fees

The KRA puts these income streams in the same league as other transaction-based charges such as money transfer and ATM withdrawals a position the lenders have opposed.