Swazi sales tax change a boost
Posted by Accountancy Africa on Nov 21, 2011 | Leave a Comment
Mantoe Phakathi, Business Report
The deepening economic crisis has seen the Swaziland government amend its tax laws to include service providers in the payment of sales tax, while increasing tax for imported alcohol and tobacco products.
The government has also introduced a reverse charge in the amended legislation, which now compels the Swazi buyer to pay a 14 percent sales tax to the Swaziland Revenue Authority...
Private sector hit by delayed tax returns
Posted by Accountancy Africa on Jun 07, 2010 | Leave a Comment
By David Mugabe, New Vision
PRIVATE businesses in the East Africa region are asking respective governments to legislate a timeframe within which tax refunds are paid.
A pre-budget survey conducted by Deloitte East Africa indicates that 94% of private enterprises mainly in Kenya want the East African governments to honour their obligations of remitting tax returns especially Value Added Tax (VAT) because it is affecting...
South African Income Tax Law
Posted by Accountancy Africa on May 21, 2010 | Leave a Comment
By ChristopherHerhalt, eHow Contributing Writer
South Africa has made many changes to its income tax scheme since the fall of apartheid.
South Africa image by bluefern from Fotolia.com
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The South African Revenue Service (SARS) collects income tax on all businesses and individuals making more than R64,000 per year ($8,540 per year). Taxation in South Africa is governed by the Income Tax Act of...
South Africa Acts Against Tax Evasion, by Lorys Charalambous, Tax-News.com, Cyprus
Posted by Accountancy Africa on May 20, 2010 | Leave a Comment
During his speech to parliament on the occasion of the vote on the 2010-11 budget, South Africa’s Finance minister, Pravin Gordhan, focused on the work of the South African Revenue Service (SARS) to improve compliance, both now and in the year ahead.
He disclosed that “third party data from employers and financial institutions has proved highly effective in identifying cases of tax evasion, including employers...
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