Managers of Wealth Africa

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”

Unilateral extension of prescription in certain specific tax matters by Carmen Gers and Chris de Bruyn

In response to an invitation by National Treasury and SARS’ for public comments on the Draft Bill prior to its formal introduction in Parliament, ENSafrica submitted representations on, inter alia, the proposal to amend section 99 of the Tax Admin A

FIRS Implores ‘Carrot And Stick Approach’ to Catch Nigerians Evading Tax

In the proposal document, which is also seeking amendment to existing tax refund conditions, the affected items include double remittance by a tax payer or collecting agent

Income tax law a threat to Investment banking - Data Bank CEO

The law seeks to tax the returns investors will make from their investments.

SARS Combats High-Risk Sector Non-Compliance

SARS uses a wide range of methods to detect non-compliance, including high-tech scans of import containers

South African tax dodgers are screwed

The CRS is a set of global standards that govern how participating tax authorities exchange information with each other about the financial assets of its taxpayers.

Namibia to forge ahead with Solidarity Wealth Tax despite opposition

Government wants to introduce a solidarity tax in the next financial year that will call on everyone who earns an income above a certain threshold to make a contribution towards a fund that will be earmarked for poverty eradication.

Investigating corporate tax affairs in Kenya

Moses explained how he undertook the investigation

Uganda becomes the 90th jurisdiction to join the most powerful multilateral instrument against offshore tax evasion and avoidance

The Convention was developed jointly by the OECD and the Council of Europe in 1988

Draft Carbon Tax Bill published for comment

On Monday, 2 November 2015, the South African National Treasury published a Draft Carbon Tax Bill (the “Bill”) for public comment, with the comment period commencing immediately and contin uing until 15 December 2015.