Managers of Wealth Africa

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.

South Africa ranking in global tax secrecy index

These countries typically use secrecy to attract illicit and illegitimate or abusive financial flows.

South Africans should brace for a 2% VAT increase

“An increase in the VAT rate from 14percent to 16percent will generate an additional amount of about R48bn, which should be sufficient to stabilise the nation’s finances."

FG targets 100% increase in tax-to- GDP ratio by 2020

The Federal Government wants to double its tax to gross domestic product ratio by 2020.

Nigeria to Target Tax Defaulters in Bid to Spur Economy

Boosting tax collection will make more money available to help spur activity in an economy that contracted in 2016 due to a decline in the output of oil.

VAIDS and Nigeria’s viability

Countless examples of policies that bombed were given to support their position.

Deloitte says they did the right thing with Steinhoff

This however depends on the successful completion of the PricewaterhouseCoopers investigation into the matter.

Tax forecasts for 2018. It ain’t looking good for SA

It seems that President Zuma will blunder on in an attempt to restore confidence in the SONA address.

How Kenya’s gambling tax hike could affect its economy

In June 2017, Kenya’s president Uhuru Kenyatta signed into law a 35% tax on all gambling revenue from the country’s lotteries, betting operators, online sportsbooks, and similar

SARS to provide tax rules on Bitcoin and other cryptocurrencies in next few months: report

In July, it was reported that the South African Reserve Bank (Sarb) would start testing a number of regulations related to Bitcoin and other cryptocurrencies before the end of 2017.

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.