Managers of Wealth Africa

S. African Wealth Tax Could Raise $10.7 Billion, Study Shows

Richest 1% of population own 55% of personal wealth in country

KRA lists new measures for taxpayers

Taxpayers who take advantage of the programme will receive full or partial waiver of the penalties and interest, depending on the time of payment of disclosed taxes.

Kenya joins Tanzania and Uganda in taxing digital transactions

The new tax has added more financial pain to households and businesses that started the year with tax relief measures rescinded by the National Treasury.

South Africa Treasury reportedly considers tax hike to fund vaccines

Other options being explored include widening the budget deficit and reprioritising government spending.

Calls for lifestyle audits on rich South Africans living in mansions and driving expensive cars

Drive around Clifton, Camps Bay, Bishop’s Court, Bryanston and Sandton and count how many houses there are that have to have that level of income for the upkeep.

Last chance for SA expatriates to come clean with SARS

The safest route to remove ambiguity on tax residency status is to follow the formal financial emigration process.

Kenya risks losing out on international tax treaties – experts

Last year, the government was also in pursuit of new DTA's with the government of Barbados and the Republic of Singapore.

The tax advantages of formal retirement savings are worth exploiting

Be cautious around advice suggesting cashing in formal retirement savings and investing outside the formal retirement savings system: Alexander Forbes.

SARS sends out notice about offshore assets – what you should know if you get one

After recovering from the shock of the introductory words of the notice, SARS extends an olive branch and states that it wishes to engage with the taxpayer first, in the interests of administrative justice.

KPMG names Ecobank among 2020 Customer Experience Leaders

While many banks struggled with providing dedicated relationship managers to SMEs, other banks quickly adapted by developing “how-to” guides for their relationship managers to navigate client relations during the pandemic.

Tax challenges arising from digitalisation

This proposal would result in companies having to pay tax in each Member State (MS) where they have a significant digital presence.

Pay your taxes promptly or stop lamenting

And there is the informal sector, which means everyone who does business illegally and illegitimately, not paying taxes, or anything else either, from NHIF to NSSF contributions and onwards.

African nations can end tax abuse

Domestic public resources are central to development as recognised by the Sustainable Development Goals (SDGs) and the Addis Ababa Action Agenda – resulting from an international conference held in the Ethiopian capital in 2015.

EA loses billions in tax exemptions and remissions in five years

The EAC has been implementing an exemption and remission scheme since the EAC Customs Union was established in 2005.

Trust-to-Trust: Assets and family outside SA, trusts and tax

Generally, the administration costs pertaining to foreign trusts are substantially higher than those of South African trusts, which has discouraged people from using these structures.

Africa losing $25.7b to fraudsters using tax havens

Global Alliance for Tax Justice said tax loss of $25.7 billion every year is equivalent to 52.46 percent of the continent’s combined health spending and equates to 28.67 percent of Africa’s combined education spending.

Africa losing $25.7b to fraudsters using tax havens

Kenya scraps Covid tax relief amid debt default risk

The government will, however, continue to cushion low-income earners by retaining 100 percent tax exemption/relief for those earning monthly incomes of Ksh24,000 ($240) and below.

Fall in property taxes signals low land, house sales

KBA Housing Index, for instance, showed demand for apartments shrank 63 percent in an overall subdued price trend.

Tax Evasion Costs Morocco Over $521 Million Per Year

Morocco suffers the eighth-largest corporate tax losses in Africa.