Managers of Wealth Africa

Africa tax in brief by Celia Becker, ENS Africa

The introduction of a Special Contribution on Banking Operations

Call for longer window period for people to declare illegal offshore assets

African National Congress MP and finance committee member Makhosi Khoza said an extension would encourage more people to come forward.

Uganda's Onerous Tax Regime Hurting Govt Debt Market

This has discouraged offshore investors from entering the market

Pravin hits road in bid to sell SA to investors

ANC treasurer-general Zweli Mkhize and Gordhan held separate meetings with a group of bond market investors from the US and Europe behind closed doors in Johannesburg this week.

What does the 2016 Budget mean for implementation of the carbon tax? by Andrew Gilder and Mansoor Parker and Olivia Rumble

Finance Minister Pravin Gordhan did not mention the proposed carbon tax (the “tax”) in his Budget Speech delivered on 24 February 2016.

Offshore Amnesty Reloaded

Many tax commentators were surprised at the national budget speech announcement that there will be another offshore amnesty starting on 1 October 2016

Chance to come clean on offshore stashes

The Special Voluntary Disclosure Programme is a joint initiative of the South African Revenue Service and the South African Reserve Bank.

The ANC’s wealth tax: Double rigging a rigged game

Kevin Bloom speaks to a tax haven investigator who says that he doesn’t.

Budget: Is there room for more taxes?

The budget speech has over the years given South Africans a credible sense of the economic outlook of the country.

Individuals given chance to regularise undeclared offshore assets

It is difficult for the Treasury to estimate the tax revenue to be derived from the initiative but officials estimate it conservatively at between R2bn and R4bn.

'Govt can Encourage South Africans to pay tax on hidden Offshore Accounts'

Some experts believe Finance Minister Pravin Gordhan will tomorrow announce measures such as a tax amnesty.

Settlors beware: control over the assets of a trust by Robert Gad and Alexa Muller

The establishment of an offshore discretionary trust (“the Trust”) by a South African tax resident person (“Settlor”) gives rise to various South African tax considerations.

Kenya in pact to tackle international tax evasion

As part of strategic efforts to tackle cases of international tax avoidance and evasion, Kenya has joined the league of 93 global nations

Kenya to Intensify War Against Tax Evasion, Economic Crimes

It provides for exchange of information on request and assistance in tax collection, among other things.

Google defends "disaster" tax deal

PAC members accused Google of making their own choice to avoid tax, by setting up structures in low tax jurisdictions.

Tax increases, including a ‘wealth tax’, could constrain growth

A persistent guess is the inclusion of a new tax bracket for individual taxpayers who earn more than R1m in taxable income a year — in other words a wealth tax.

UK government urged to end "unfair" colonial-era tax treaty with Malawi

Under an agreement dating back to 1955, it is possible for UK companies operating in the south-east African country to pay little or no tax.

Pros and cons of the new tax law on pension payouts

This may be something towards which they have worked all their lives.

Tanzania: Managing Tax Risks - Double Tax Treaties and Implications

Normally the provisions in the tax treaties override those of domestic tax law.

Interest(ing) withholding tax by Michael Reifarth

Defining the concept of “interest”