Managers of Wealth Africa

Africa tax in brief by Celia Becker, ENSAfrica

MAURITIUS: Expeditious Dispute Resolution of Tax Scheme 2015 guidelines published

SD in Swiss Bank Account Scandal

A woman who lived in Swaziland in the 1960s is reported to have stashed E134 million in her account with Swiss Bank in Switzerland.

GAAR provision to make way into India-Mauritius treaty

Prime Minister Narendra Modi had in March assured Mauritius that while working to prevent treaty abuse, India would not do anything that would harm the island nation’s financial sector.

Rich countries rejected an international plan to let the UN help fight tax evasion

The plan, promoted by developing economies and transparency groups

Big changes to India-Mauritius DTAA?

Mauritius’ former finance minister claims that his country has given up the right to tax capital gains.

South Africa: Revenue Service On Voluntary Disclosure Programme for Locals With Accounts in Foreign Tax Jurisdictions

This matching confirms that some accoun-tholders may have used their accounts to evade South African tax liabilities.

Tax Inspectors Shrug Off Borders to Track Multinational Evasion

A new class of professionals is ignoring national frontiers to come to the aid of economically struggling nations.

If Nigeria Wants to Avoid Economic Collapse, It Should Tax its Wealthy

With global capital markets currently reeling from the Greek default crisis in the Eurozone, oil commodity prices will continue to fall

What Nigerians think about new ‘luxury tax’

Well, all I know is that they can’t tax someone because they are the owner of the property.

‘Review tax incentives for free zone companies’

The Policy and Advocacy Manager of Tax Justice Network – Africa (TJN-A) has urged African governments to review tax incentives for free zone companies.

Jersey signs tax agreement with Rwanda

The Government of Jersey has signed a Double Tax Agreement with the Republic of Rwanda.

Mauritius not a tax haven

The European Union had recently included Mauritius as a tax haven in its list.

New South Africa double tax treaty will affect Mauritius holding company structures, said expert

The new treaty does not change the maximum rate of withholding tax on dividends of 5%

Mauritius deepens its commitment to fight international tax avoidance and evasion

It is the seventh member of the African Tax Administration Forum to join the Convention and becomes the 87th jurisdiction participating to this truly global instrument to fight international tax avoidance and evasion.

Gambia: MPs ratify tax avoidance accords with Qatar, Turkey

The Majority leader and member for Serrekunda East, Fabakary Tombong Jatta, described the bill as necessary, timely and beneficial to Gambia’s quest for economic prosperity.

Banks in tax havens like Switzerland and Mauritius to run checks on Indians looking to open black money account

This comes as the Narendra Modi government implements a tough regime to root out unaccounted wealth.

Cyprus And South Africa Protocol On The Double Tax Treaty Raises Optimism On Bilateral Relations

This Protocol paves the way for growth and enhanced business opportunities between both countries

New tax treaty with Mauritius may affect cross-border investment

THE new double-tax treaty between SA and Mauritius is set to come into force in January next year, following a controversial renegotiation to better protect the South African tax base.

Nigeria, Singapore to Sign Air Services, Tax Agreements

Nigeria and Singapore have concluded plans to sign agreements to strengthen their bilateral air services and curb double taxation on investments in both countries.

Nigeria Sends Clear Signal of Getting Serious on Tax Evasion, Avoidance

Thus, it is a major development that the Nigerian government finally has ratified the Convention on Mutual Administrative Assistance in Tax Matters.