Managers of Wealth Africa

New tax dates for trusts in South Africa

Along with new dates and a new filing season, trusts have also been hit with a slew of new compliance requirements.

eFiling taxpayer profile hijackings on the increase

You can be held liable for whatever a hacker manages to siphon from Sars in your name.

SARS announces medical aid tax changes for 2024

Under the Principal Member Disability Information record, fields 261 to 265 have been added and field 191 has been amended

These taxpayers don’t have to file a tax return this year

The tax season for individual taxpayers (non-provisional) will open 15 July 2024 and run to 21 October 2024.

SARS is coming after company directors

The agency previously relied heavily on administrative penalties and audits to encourage compliance.

SARS knows you better than you think

The average person may not know that they have stepped on the wrong side of SARS’s war on non-compliance

Nigeria's FG’s tax cheer

There are of course many who have a negative view of taxatio

It took taxpayers in South Africa 141 days to pay for government in 2024 – now you’re ‘free’

Put another way, this means that the average South African taxpayer has had to work 141 days to pay their taxes in 2024.

How to get your money out of South Africa

South Africa’s tax system is residence-based, meaning residents pay taxes on global income.

Tax obligations: A warning for foreigners and expats purchasing property in South Africa

South Africans who financially emigrated and relinquished their SA tax residency and tax numbers on their way out will face a few hurdles

PwC marks decade of strategic consulting

It was also to help clients translate this advice into tangible actions by marshaling PwC’s diverse community of solvers.

Critical tax deadline fast approaching – a first for South Africa

The annual third-party data submission season starts in April and closes on 31

Sars knows what’s happening in your bank account

Discrepancies between declarations and deposits may result in additional tax and penalties.

35 illegal tax collectors facing prosecution, says Benue IRS

Agena lamented the activities of illegal tax collectors in the state, noting that most of them had the backing of prominent individuals.

Important Vat principles clarified in Capitec case

Capitec borrows money as part of its business.

Government won’t overburden Ghanaians with taxes – Finance Minister

He indicated that there was an urgent need to increase revenue in line with the implementation of the $3 billion loan-support programme

Think twice before taking on SARS in court

“This strategy has been implemented over several years and is continually producing better results each fiscal year.”

Sh75bn tax bill stalls M-Pesa split from Safaricom

Discussions about the split have taken years, with Safaricom pushing for an international reorganisation so as to avoid paying taxes on the transaction.

SARS has South Africa’s banks in its crosshairs

The tax authority in December instituted legal proceedings against lender and financial services group

Debt service devours 84pc equivalent of tax revenue

The rise in debt service costs comes when the country is struggling to grow tax revenue, meaning a thinner spending on development that drives economic growth and also more borrowing to run government.