Johannesburg — The Tax Justice Network Africa (TJNA) has officially rolled out its new Anti-Illicit Financial Flows (IFFs) Policy Tracker Tool, a collaborative tool or an innovative digital system designed to strengthen accountability, evidence-based advocacy, and learning across Africa’s tax and fiscal policy landscape. The policy tracker was also launched in partnership with the African…
Addis Ababa — Developing policies and ambitious reforms in taxation and public financial management is not sufficient by itself as the real impacts depend on effective implementation, institutional capacity, and sustainable political commitment of the African continent, Revenues Minister Aynalem Nigussie underscored today. Opening the 11th Africa Think Tank Summit in Addis Ababa, she noted…
Evan Robinson, technical co-founder and now head of product at TaxTim. TaxTim, a South African-based digital tax assistant, has been acquired by a private consortium, led by Twofold Capital, for an undisclosed amount. The consortium, which includes Stellenbosch-based technology group Octoco, provided a successful exit for TaxTim’s non-operational shareholders and a partial exit for co-founder…
Sars commissioner Edward Kieswetter The South African Revenue Service is sticking to its guns over taxing social influencers and plans to conduct outreach programmes so that they know what is expected from them. No matter how influencers are remunerated – whether with products, services or travel – all of these are deemed as income according…
Kinshasa, July 28, 2023–In the Democratic Republic of Congo (DRC), rationalizing tax incentives could improve effectiveness of tax policies, and pave the way for future tax rate reductions, while ensuring adequate resources for development and social spending, according to the World Bank DRC Economic Update, released today. The report titled Reassessing Tax Incentives – Falling…
Fraudsters sometimes create entirely fake taxpayer profiles using stolen ID numbers. As tax season kicks off with manual filing now open, cyber criminals are ramping up phishing scams and leaked credentials to get access to South African Revenue Service (SARS) taxpayer profiles and steal refunds. In most cases, scammers break into a taxpayer’s SARS account…
Oxfam report warns of danger ahead as gap widens between rich and poor In 1990, just one in 10 people living in extreme poverty around the world lived in Africa. In 2024, it was seven in ten. Since 2020, the number of people living in extreme poverty on the continent has risen by over 40…
The South African Revenue Service (SARS) has issued a Request for Information (RFI) for an advanced Artificial Intelligence (AI) system featuring “digital twinning” capabilities. This initiative aims to enhance automated decision-making and is a key part of SARS’s broader strategy to modernize its IT platforms and significantly boost tax collection. Read: Honor unveils the world’s…
WASHINGTON — The Social Security Administration has sent a misleading email to beneficiaries stating that President Donald Trump’s sweeping tax cuts and spending law eliminates taxes on Social Security benefits for most recipients. “The bill ensures that nearly 90% of Social Security beneficiaries will no longer pay federal income taxes on their benefits, providing meaningful…
Anthony Zurcher: Passage of megabill is big win for Trump US President Donald Trump has signed his landmark policy bill into law, a day after it was narrowly passed by Congress. The signing event at the White House on Friday afternoon, coinciding with 4 July celebrations, enacts key parts of the Trump agenda including tax…
