Managers of Wealth Africa

Final nail in the coffin of the VAT hike in South Africa – report

The report’s adoption is the first of several steps in implementing the controversial 2025 budget, with the tabling of the Tax Amendment Bill to follow.

New tax directive system to impact expats’ retirement

It’s essentially where they’ve stated that you have now in 2022 done your tax emigration by way of obtaining a tax clearance of emigration PIN [Tax Compliance Status PIN number], but this PIN is no longer as such.

Parliamentary budget office shreds VAT hike

Set up to analyse fiscal policies, the PBO says the Treasury is oblivious to the country’s growing inequality

Edward Kieswetter’s hit list

According to Tax Consulting SA, SARS is countering these complexities by investing heavily in automation and data-driven insights

SARS coming after bank accounts in South Africa

This includes monitoring South Africans’ bank accounts, which SARS has used to identify taxpayers whose lifestyles don’t match their tax contributions.

Major VAT warning for South Africa

The report’s adoption is the first of several steps in implementing the controversial 2025 budget, with the tabling of the Tax Amendment Bill to follow.

Edward Kieswetter’s R450 billion ‘gift’ to taxpayers

This brings the collected net amount to R1.855 trillion, which is almost R8.8 billion higher than the revised estimate in the 2025 Budget and R114.0 billion more than last year’s R1.741 trillion.

South African panel backs fiscal plan, wants Vat-hike review

‘We must make it clear that we have not amended the fiscal framework,’ but have requested the minister to reconsider the VAT issue and try to find alternative ways to raise revenue, Joseph Maswanganyi said.

SA’s tax take outperforms

Sars collected R1.855trn in the fiscal year through March.

Windfall tax: Banks pay FG N205bn, owe N600bn

The last two are the parent companies of Stanbic IBTC Bank and Guaranty Trust Bank, respectively.

The salary increase you need to survive the tax changes for 2025

After careful consideration, the government has still opted to increase VAT, but now only by 0.5%pts in 2025, and a further 0.5%pts in 2026.

Edward Kieswetter is coming after these taxpayers in South Africa

Total taxes paid amount to about R1.5 trillion, leaving R1 trillion unaccounted for.

Customs exempts healthcare products raw materials from duties, VAT

Consequently, critical raw materials essential for the production of pharmaceutical products will be exempted from import duty and Value Added Tax for a period of two years.

How to legally pay less tax in South Africa

This means that taxpayers will fall prey to inflationary bracket creep.

‘Tax reform’ll eliminate regulatory bottlenecks, boost MSMEs growth’

Odii said that once passed into law, the bill would remove multiple taxation and exempt businesses with annual earnings below N100 million from key tax obligations.

Switzerland and Zimbabwe sign double taxation agreement

The DTA allows the Swiss network of double taxation agreements to be expanded into Southern Africa.

How many millionaires pay tax in South Africa

Despite this continued outflow, South Africa still retained a significant number of wealthy residents.

How much tax you’re really paying in 2025

Crunching the numbers in the proposed 2025 Budget, independent data analyst Pieter Jordaan shows that lower-income earners are set to bear the brunt of the coming hikes.

Good news for South African taxpayers

This would have significantly increased the price of most products in South Africa, impacting all population sectors.

Reps committee adopts Tax Reform Bills as a working document, maintains VAT at 7.5%

Faleke expressed optimism that the Nigeria Revenue Service would enhance seamless tax harmonization and administration.