Managers of Wealth Africa

Final warning for South Africans who want to pay less tax

Makalima noted that the final weeks before the tax year closes present a valuable opportunity to make financial decisions that immediately reduce your tax bill while strengthening long-term wealth.

Calls to change R500,000 tax-free limit in South Africa

The annual contribution limits have been adjusted over time, increasing from R30,000 per year to R33,000 in 2019 and R36,000 in 2021.

SARS is coming after these taxpayers hard next month

This means that disposals, conversions, transfers and account identifiers are no longer fragmented pieces of information.

Tax Havens: Mirage or Threat for African Economies?

Listing criteria keep changing, enforcement powers remain weak, and some highly advantageous tax jurisdictions still avoid being blacklisted.

GUTA clashes with GRA over new 20% VAT regime

Mr Boateng urged traders not to surrender their old VAT booklets until an amicable resolution is reached.

South Africa: Controversial Eskom tariff increase approved after Nersa's recalculations

Eskom's prices will now rise 8.76% in April this year, and 8.83% in April 2027 instead of 5.36% and 6.19%, regulator Nersa said in a statement

New banking and tax rules impact receiving and remittance of rental income for foreign property owners in South Africa

Many bona fide non-resident clients have recently been advised by their banks that rental income cannot be cleared

SARS gives final warning to taxpayers

The revenue service said that all trusts, whether economically active or passive, are required to submit annual income tax returns.

Big VAT changes coming for South Africa

Speaking with Business Day, SAIT acting deputy CEO Keitumetse Sesana said the modernisation programme offers clear benefits but comes with heightened responsibility for vendors.

SARS is coming after bank accounts in South Africa, hunting for R520 billion

“It is money that SARS accepts is legally due, final and payable.

South Africa heading for a tax shock

Collectively, they earned a taxable income of roughly R690 billion and were assessed for R149.5 billion of tax.

New tax law boosts disposable income of workers– Oyedele

According to the committee’s data, 98% of workers in both the private and public sectors will experience either a reduction or a total removal of their Pay-As-You-Earn tax.

SARS is coming after taxpayers with a new weapon, leaving nowhere to hide

The proposals aim to grant the Financial Intelligence Centre (FIC) statutory power to conduct lifestyle audits.

The dtic considers ad valorem tax changes to lower car prices

May also explore ways to address the dominance of imported vehicles.

VAT reforms key to closing Ghana’s 60% compliance gap – GRA official

He explained that although VAT has been in existence in Ghana for about 27 years, multiple amendments over the years—particularly the decoupling of levies from the main VAT regime—have complicated compliance and widened the tax gap.

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.