Managers of Wealth Africa

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.

Kieswetter’s latest tax haul beats estimates

Compliance revenue increased 26.7% to R294 billion, and R101 billion of impermissible refunds were prevented.

Sars collects an ‘unexpected’ extra R10bn

Compliance drive set to continue in new tax year.

FIRS will not introduce additional taxes – Adedeji

Adedeji stated this on Wednesday, when the Chief Executive Officer of Guinness Nigeria Plc, Adebayo Alli, led the management team of the company on a visit to the Revenue House in Abuja.

KRA seen missing tax target by Sh330bn

The revenue miss forecast by PBO will be an equivalent of 13.2 percent of the targeted Sh2.49 trillion for the financial year

Don’t get taxed out: High interest rates could mean high tax bills

Why taxes must be factored in when evaluating returns, especially for high-income earners.

KRA downplays data privacy concerns on eTims use

The latest to raise concerns are members of the Kenya Medical Association (KMA) who earlier in the week decried what they termed forced disclosure of patients’ data.

Tax Matters – High net worth individuals are on IRB’s radar

If the HNWI are unable to reconcile the discrepancies, it is advisable for them to volunteer to pay the extra taxes.

Revenue Improvement through Taxation

This tax revenue deficiency stems from limited coverage of indirect taxes, poor tax compliance, extensive tax exemptions, and low tax rates.

Property taxes plunge Sh1.8bn on sales delay

The KRA enforced the 15 percent CGT rate from January 2023 deductions

Treasury nets extra Sh98bn from new tax steps

Dr Kiptoo said budget execution for the financial year 2023/24 has been hampered by challenges in raising resources.

Some relief for taxpayers in South Africa – for now

National Treasury simply does not have a crystal ball and will not now decide that for three years there is no inflation adjustment to tax brackets.

What new government taxes do we expect in 2024?

According to the 2024 Budget Policy Statement, the State aims to boost revenue collection to over 20 percent of the GDP in the next fiscal year.

Four firms get preferential tax on newsprint imports

Duty remission refers to a rebate of duties paid on imported inputs

Taxpayers on the hook for R1.2 billion a day as government keeps digging

One of the biggest problems highlighted by economists is the country’s growing debt bill.

Operators seek improved tax administration

The Managing Partner of Mazaars, Uhabia Ojike, who was represented by Simon Kato, said low tax compliance reduced the government’s ability to raise revenue for developmental purposes.

Tax hikes on the cards for the rich in South Africa

These initiatives and the under-resourced sectors of education, healthcare and social services need considerable funding.

GRA Domestic Tax Revenue Department collects GH¢82m in 2023

The department collected GH¢82.295 billion in 2023 as compared to GH¢53.444 billion collected in 2022 representing a total revenue percentage of 73 to the National coffers.

NCC wants states to cut telecom taxes

The EVC acknowledged the challenges associated with the quality of services from Mobile Network Operators and Internet Services Providers