Managers of Wealth Africa

Experts warn informal sector may derail tax reforms

This very characteristic of informality is what experts have noted stands in the way of the implementation of the tax reforms, which went into full force this January.

Tax reforms: Workers unimpressed with marginal salary rise

The reforms further provide for reduced Pay-As-You-Earn tax for those earning up to N20m annually and exempt gifts from taxation.

SARS going after certain pension funds in South Africa

Under current tax law, such benefits can be fully exempt from South African tax in specific circumstances.

How to legally pay less tax in South Africa

With this in mind, he highlighted ways taxpayers can legally get some payback for their hard-earned money.

Over 50,000 taxpayers cut ties with SARS

A taxpayer can still be a South African citizen while being a tax resident in another or multiple countries.

LIRS fixes Jan 31 deadline for 2025 tax returns

He emphasised that the filing of annual returns is a mandatory legal obligation and warned that failure to comply would attract statutory sanctions, including administrative penalties, as prescribed under the new tax law.

Tax return warning for over 500,000 taxpayers in South Africa

Provisional tax applies to individuals who earn income that is not taxed through the PAYE system.

Tax frustration spills out into the open …

Open letter to the taxman hits a nerve, confirming systemic flaws in tax administration.

How to avoid SARS when you die

The process is much more than just drafting a will, with managing assets to optimise the various taxes applicable in the estate seen as just as necessary.

Tax incentive test case delays leave employers exposed

Over 400 employers face penalties, interest and prolonged uncertainty.

VAT cut puts GH¢6.5bn back in shoppers’ pockets as prices fall, says GRA

He explained that the changes include a reduction in the VAT rate, the removal of the COVID-19 levy, the decoupling of VAT, and higher thresholds for smaller businesses.

SARS is coming after your bank account in 2026

Higher-than-expected withdrawals under the new two-pot retirement system also contributed.

This is who pays the most tax in South Africa

In the 2024/25 fiscal year, SARS collected R2.3 trillion in gross tax revenue (R147.8 billion or 6.9% more than in 2023/24).

Anthony Joshua faces $66 million tax after blockbuster fight

US federal income tax is expected to claim about 37 percent of Joshua’s earnings, or roughly $52 million, based on top marginal rates.

South Africans are paying more tax than ever before

The finance minister conceded that South Africa’s tax-to-GDP ratio, at 25.1%, was historically high, and high when compared to other global economies, including those similar to South Africa in size.

Big tax hikes to look out for in 2026

South Africans at large will only find out when the next budget is tabled in February 2026.

SARS getting access to new information about South African taxpayers

A new global tax agreement will soon allow SARS to automatically receive detailed information about foreign immovable property owned by South African taxpayers in over 20 countries.

Nigeria’s tax act will boost tax administration— KGIRS boss

Dr. Ichanyi promised that Kogi State Government would not relent in support of President Tinubu’s tax reform policy

SARS nails taxpayers for R300 billion

It warned that SARS is doubling down on this aggression and is focusing on specific taxpayer segments, such as crypto traders and high-net-worth individuals.

SARS cutting a lifeline for these taxpayers in South Africa

These penalties can run up to 200% of the shortfall between what taxpayers declare and what a revised assessment concludes.