Managers of Wealth Africa

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.

Are pension funds, PBOs and universities exempt from all taxes?

Tax exemptions are not limited to income tax

REITs and corporate reorganisations: 2018 updates

Immovable property will generally qualify as an allowance asset where the owner is entitled to claim an allowance in terms of, inter alia, sections 11(g) 13, 13bis, 13ter, 13quat, 13quin and 13sex.

Smartphones are officially ‘luxury items’ in SA – and they’re getting taxed as such

“A less complex means of applying higher taxes to luxury goods is to increase ad valorem excise duties,” explains Treasury’s official budget review.

Fighting Tax Evasion with Renewed Vigour

Nigeria had entered into Automatic Exchange of Tax Information

Gigaba's tax manoeuvres in the dark

Gigaba estimated that free higher education would be implemented at a cost of R40bn

How South Africa’s wealth taxes have changed over the past 20 years

Tax experts have warned that all South Africans – rich and poor – are likely to feel the effects of higher taxes this year, specifically with a VAT hike on the cards.

South Africa’s anti-dividend stripping rules broadened

The rules are particularly important for local groups of companies intending to rationalize their group structures by liquidating or deregistering companies within the group.

Bitcoin: the tax question in South Africa

SARB has been the first of the two bodies to comment, noted Renwick. “Its view is that cryptocurrency does not fall within the ambit of their regulatory compliance.

SA gets lowest score in Africa on global secrecy index

South Africa’s secrecy score is, however, the lowest of the nine African jurisdictions included in the 2018 FSI.

Tax hikes and austerity: Gigaba’s tough balancing act

Inappropriate mix could stifle economic growth.