Managers of Wealth Africa

Morocco Takes Strides To Combat Tax Evasion

Moroccan Finance Minister Boussaid has made clear to the country's Chamber of Councillors that the problem of capital flight abroad is not as widespread as initially feared,

Lagos Seals off Daily Trust Office over Alleged Evasion of N5.6m Tax

The Lagos State Government on Wednesday sealed off the Lagos Office of the Media Trust Ltd., publishers of the Daily Trust newspapers, over alleged refusal to remit N5.6 million tax.

New focus on high net worth individuals - Sars

Krok judgment provides strong legal basis.

Revenue Board Shuts Seven Companies In Lagos

Operatives of the Lagos State Internal Revenue Service has shut down seven companies for failing to remit N58.8 million personal income taxes of workers to government.

Deloitte leapfrogs PwC to become top accountant: global survey

Deloitte has pipped rival PwC to become the world's top accountant by revenue in the face of rising pressure on fees and new rules boosting competition, a global survey showed.

Guernsey signs two more DTAs

Guernsey has completed two further bilateral Double Taxation Arrangements (DTAs).

Forget FATCA – GATCA’s on the way, warns tax expert

The European Union has hinted moves are afoot for an EU FACTA to include all 28 nations belonging to the union.

Southern Africa: Executive Foresees Double Taxation Agreements With CPLP, SADC Countries

Executive intends to have cooperative agreements with international institutions and organisations

Pricewaterhouse Coopers comes to Rwanda

PricewaterhouseCoopers, a multinational professional service firm, has opened its doors in Rwanda’s capital Kigali, with an academy that will bridge the existing gap in the accounting profession in the country.

Revealed: Countries With The Highest Income Tax Rates

European countries feature high on the list of the nations with the world’s highest income tax rates

South Africa: Hedge funds wary of taxes despite new law

The Taxation Laws Amendment Act will limit the risk of double taxation for hedge funds, but industry experts are concerned there is a risk that trading profits could still be taxed within funds.

PwC launches Intergovernmental agreement monitor

The expected wave of intergovernmental agreements (IGAs) implementing the tax reporting and withholding procedures commonly associated with the Foreign Account Tax Compliance Act (FATCA) has begun.

Booz & Company Approves Combination with PwC

Booz & Company's global partners have voted overwhelmingly to approve a combination with PwC.

UN Raps Liberia Over Trafficked Diamonds

Miners who unearth gems in Sierra Leone are motivated to smuggle the stones out of the country in order to avoid having to pay a 15% tax on diamonds valued at over half a million dollars.

States urged to fix tax system that shortchanges Africa

The report further shows that between 1980 and 2009, Sub-Saharan Africa lost about $108 billion (Sh9.2 trillion) more in resources than North Africa did over the same period.

Imo banks shut, protest against closure of others over tax

Customers who went to transact businesses yesterday were left unattended to following the closure of banks by their respective managements in solidarity with others

Fund Services first to market in SA

The fund services team run a SunGard application called Asset Arena Taxation specifically to support asset manager clients’ requirements for recording and reporting income tax and capital gains tax.

SA as a centre for international fund managers is the tax environment a help or hindrance?

South Africa has a number of attributes that make it attractive as a place from which to manage international investment portfolios

Africa Tax in Brief

Finance and Economic Planning Minister Seth Terkper presented the government's 2014 Budget and Financial Statement to Parliament on 19 November 2013.

Making fiscal decentralisation work: lessons from around the world - OECD

This is the first time that the revenue aspect of decentralisation has taken centre stage at a global level to allow countries to debate key questions about who should tax what and share good practices and experiences.