Managers of Wealth Africa

Africa tax in brief by Celia Becker, ENSafrica

ANGOLA: General Tax Administration established

Hong Kong, South Africa Sign DTA

On October 16, Hong Kong and South Africa signed a comprehensive double taxation agreement the 31st such agreement that Hong Kong has concluded.

Wealth tax on cards for South Africa

Taxpayers must prepare to further tighten their belts following the first Medium Term Budget Policy Statement from finance minister Nhlanhla Nene.

Lobby sues Treasury CS over 'illegal' tax deal with Mauritius

A tax civil society has sued National Treasury Secretary Henry Rotich over an ‘illegal’ agreement signed with Mauritius, in a major litigation that could affect thousands of companies operating in Kenya.

Mauritius Commercial Bank full year pretax profit up 4 pct

Mauritius Commercial Bank Group's full year pretax profit rose 4 percent to 5.42 billion rupees, helped by rising net interest income, fees and commissions.

Mauritius, India in talks to address tax treaty concerns

Dispelling 'misperceptions' that Mauritius is a tax haven, its financial sector regulator has said the island nation is in discussions with India to address concerns and make changes to the bilateral tax treaty.

Forget Zimbabwe, U.S. Tax System Ranks At Bottom, Just Better Than Portugal

Remember the study last year that ranked our tax code right below Zimbabwe?

OECD Calls for Coordinated Fight Against Corporate Tax Avoidance

At the request of the G20 Leaders, the OECD’s work is based on a BEPS Action Plan setting out the 15 key elements to be addressed by 2015

Mauritius Further Enhances its Position as an Offshore Jurisdiction of Choice with Four Double Taxation Agreements - Appleby

The Government of the Republic of Mauritius (Government of Mauritius) has ratified double taxation agreements (DTA) with Guernsey and several African countries.

Seychelles commit to sharing tax information

The country becomes the 46th jurisdiction to join the initiative launched by the G5.

Uganda Tax System In A Nutshell

This is the ninth in a series of white papers on the tax systems in the African continent

Zambia: Tougher tax evasion sanctions coming

Mr Yamba said hardening sanctions is intended to enhance the disincentive for tax evasion and ensure that all economic actors recognise the negative effects of evading tax.

South Africa: Collection and Exchange of Tax Related Information By Tax Authorities by ENSafrica

Tax authorities across the globe are working aggressively to collect taxes which they believe are collectable in their respective jurisdictions.

South Africa: Treasury to keep tax-free savings limit

The bill introduces the tax-free savings accounts for the first time as a new instrument to encourage South Africans to save more.

The implications of FATCA in South Africa

SARS has also indicated that it will use the information that it will obtain from South African financial institutions

SA audit firm SNG expanding into Africa

The transactions “‘might involve equity participation, a buy-out or an SNG-branded association,’’ he said, without giving more precise details on the deals.

Standard for Automatic Exchange of Financial Information in Tax Matters

New single global standard for the automatic exchange of information between key authorities worldwide

Africa: Tax Justice Has Come a Long Way - but Dramatic Global Reform Still Needed

That figure has at times been disputed, but there is a consistent view that losses from such tax dodging exceeds the combined aid spending of rich countries, which the OECD said in 2012 stood at US$125.6 billion.

Prominent Tax Specialist Joins Hogan Lovells

Chambers Global and Legal 500 have recognised Ernie as a leading tax practitioner and earlier this year he received an Individual DealMaker of the Year Award.

Cameroon signs the Convention on Mutual Administrative Assistance in Tax Matters

Cameroon has become the 65th signatory of the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, the most powerful international instrument to fight international tax avoidance and evasion.