Managers of Wealth Africa

KRA must trace, ensure all firms pay right taxes

These companies are registered, and it should not be too difficult for the taxman to track them for reasons of clamping down on tax avoidance by individuals and firms.

South Africans are withholding their tax payments due to lack of trust in Sars, study reveals.

Sacs strategic research director and spokesperson Reza Omar said the study was conducted on 1 300 South Africans who are 18 years and older, from across the country.

Expat tax ‘will damage SA economy’

The purpose of the exemption was to prevent individuals from being taxed by both their host or home country

Corporate income taxation in the digital age: Africa in the Corporate Tax Haven Index 2019

The paper focuses on the nine African jurisdictions covered in the Corporate Tax Haven Index of 2019: Botswana, Gambia, Ghana, Kenya, Liberia, Mauritius, Tanzania, the Seychelles and South Africa.

Guinea, Namibia and Honduras join the fight against tax evasion

The continuing growth in our membership has greatly strengthened international efforts to improve tax transparency for the benefit of all.

Andersen Global Expands Into 15th Country in Africa

The ATax professionals are a premier team in Mauritius and there are many opportunities with this collaboration.

Audit firm KPMG seeks capital gains tax adjusted to inflation

The rise in the tax rate came as no surprise since Kenya has maintained a low rate compared to the rest of the region. Uganda and Rwanda, for example, apply Capital Gains Tax (CGT) rates of 30 percent.

80 KRA managers face probe over claims of tax evasion

It is alleged the top officials aided up to 600 individuals and companies to either avoid paying taxes running into billions of shillings or pay less than is due.

Sars’s role in combatting tax evasion and money laundering

The tax agency should be cracking down on financial crimes more robustly.

South African expats are taking hasty steps to avoid expat tax

The tax will primarily apply to South Africans who earn more than R1 million per year.

When tax planning becomes tax avoidance - experts weigh in

So-called aggressive tax planning means that you look at all legal options available to the taxpayer to reduce their taxable liability, explains Jonty Leon of Tax Consulting SA.

To financially emigrate or not: The foreign earnings exemption

Should you be regarded as a SA tax resident, and are taxed in another country on the same income on which you are taxed in SA

Minister, GMC in battle of nerves over alleged $356m tax evasion

GMC had complied with the order by sending the entire workforce home

More South Africans exploring moving money offshore - tax expert

"Many mentioned that discussions regarding land expropriation without compensation has led them to feel that their investments in South Africa are no longer secure."

Taxing digital economy: Noose tightens around tech giants

Although the purchase was done from his base in Lagos, Peters dodged the value-added tax (VAT) on the laptop purchase, making the government to lose tax revenue.

Ghana Withdraws Luxury Car Tax; Presents Opportunity For Carmakers

Vehicles with engine capacities of 3.0 – 3.5 liters were to pay an annual tax of GH¢1,000.00; those with engine capacities of 3.6 – 4.0 liters will pay GH¢1,500.00 annually, and 4.1 liters and above are to pay a yearly tax of GH&

Much ado about Mauritius Leaks?

The firm, which invests in African start-ups, began setting up subsidiaries in Mauritius, “an offshore jurisdiction with a wide network of double taxation treaties in interesting markets.”

Commercial Bank of Ethiopia becomes top tax payer

The Ministry has given recognition to 160 loyal tax payers, including the ruling party trading company, Trans Ethiopia, which paid a total of 417 million birr (around $14.4 million) from its operations in Mekele, Tigray.

How Mauritius is mortgaging Africa’s future

As African countries struggle to meet revenue targets, many local and international investors choose to domicile their investments in Mauritius due to its low tax regime and tax treaties.

Repeal of foreign employment income tax exemption

If a South African tax resident does not meet the requirements of the exemption, the resident will remain taxable in South Africa on any remuneration earned outside the country.