Managers of Wealth Africa

Africa tax in brief by Celia Becker

COWAS

Voluntary disclosure of undeclared foreign assets in offshore trusts by Hannelie La Grange

The South African authorities have, with regard to the imminent reporting under CRS and the investigations surrounding the Panama Papers, provided an opportunity for non-compliant South African residents to regularise their tax and/or exchange control aff

Zimbabwe: Zimra Bigwigs in Tax Evasion Storm

It is Zimra's mandate to collect revenue on behalf of the Government.

Kenya’s Islamic finance drive to tackle taxes, governance

It hopes the development will help finance infrastructure projects by building commercial links across Africa and the Middle East.

You dunces! Fury as Uganda closes private schools British taxpayers gave £5million in foreign aid

British officials hit back last night, claiming the decision had been politically motivated.

Changes in the South African advisory landscape

The shift to a commission-free environment will be finalised during 2017.

Amnesty success lies in clarity of income tax laws

It seems issuing tax amnesties has lately become trendy.

Africa tax in brief by Celia Becker

Kenya: Finance Act 2016 enacted

Fin24.com | Taxes may rise for wealthy in mini budget, says expert

Coming from a ‘tax light’ budget in February, we are heading for tax heavy outcomes in the medium term,” he said. A higher personal income tax bracket may be introduced.

'Break the shackles of big four auditors'

The Independent Regulatory Board for Auditors has announced that it will implement a rotation rule forcing companies to change auditors every few years

CGT on shares of SABMiller a point of dispute

Individual shareholders pay CGT on profit made when selling shares.

China firms caught up in billion-shilling tax probe

We observe with great concern that the company has fluctuated this audit by failure to provide documentation.

SA Revenue Service is ‘outperforming the economy’ - Moyane hits back

The level of tax extraction by SARS moved closer to the levels obtained during the commodity boom cycles in the mid-2000s.

Africa Loses $14B Annually In Tax Evasion, Undermines Growth Of Economies

It was the first ever report by African nations to assess and compare revenue collection systems.

Nigeria: Tax On the Wealthy

The situation has even been compounded by the entry of the economy into recession.

Baker Tilly International Extends Coverage within its Europe, Middle East and African Region

Elsewhere in the region, we have, over recent years, been extending our coverage across Africa.

SA Treasury to extend tax amnesty period three months to end-June 2017

The Treasury has also accommodated concerns over the inclusion rate, which critics said was too high.

Offshore disclosure programme may raise billions

This could "tide us over for a year", and close the revenue gap that the Treasury identified in the February budget, and lessen the need for tax increases.

Davis Tax Committee releases long-awaited report on estate duty - ENS Africa

The DTC is expected to submit an additional report on a possible wealth tax for South Africa, as agreed to with the Minister.

KRA should tax income from corruption and fraud

The Act aims to actualise the taxation principle of simplicity, with the overarching objective being to harmonise the tax administration process as one way of making tax compliance easier.