Nigeria now has the highest headline capital gains tax rate among selected major African economies and one of the continent’s broadest regimes for taxing indirect transfers of Nigerian assets, according to a new report by PwC Nigeria. The report titled: “Nigeria’s Capital Gains Tax Reforms: What the New 30% Rate and Indirect Transfer Rules Mean…
Vodacom South Africa CEO Sitho Mdlalose. Five Vodacom executives and the company secretary have sold a combined 63 216 shares, worth about R9.93 million, to settle tax obligations arising from the vesting of shares awarded under the company’s conditional and forfeitable share plan. The transactions, disclosed in accordance with the JSE Listings Requirements, took place…
A growing appreciation of family-oriented leisure pastimes and rapidly increasing prosperity are driving demand for vessels from dinghies to yachts. Nelson Ching | Bloomberg | Getty Images Beijing is moving to clarify new tax rules on offshore trusts that have sowed confusion among wealthy Chinese citizens and their advisers. China’s State Taxation Administration is conducting…
The President H.E. Adama Barrow Thursday received in audience officials attending the annual Africa Tax Administration Forum Masterclass at the State House. The officials were led to the Presidency by the Commissioner General of the Gambia Revenue Authority, Yankuba Darboe, to brief and update the President on the objectives and outcomes of the meeting, which…
“Africa’s development cannot be outsourced. Sustainable development must ultimately be financed through domestic resources mobilised by strong and effective institutions,” says Gambia Revenue Authority Commissioner General Yankuba Darboe, who set the tone for the opening of the 7th Heads of Tax Administrations Master Class, at the Sir Dawda Kairaba Jawara International Conference Centre in Bijilo…
After failing to block from the ballot a measure that would enact a billionaire tax in his state, California Gov. Gavin Newsom is now proposing a national wealth tax of his own. Limited time: Save 25% on NBC News subscription Get exclusive reporting, live Q&As and ad-free reading. In a lengthy Substack post and video…
Daniel Swiegers, director of TaxTim. (Source: Supplied) TaxTim’s new artificial intelligence tax assistant, TimAI, is programmed to say “I don’t know” rather than fabricate an answer when it’s outside what it can reliably handle. The WhatsApp-based AI tax assistant offers instant tax answers free to anyone in the country. TimAI, which is already available, will…
The South African Revenue Service says AI has already blocked more than R100-million in impermissible outflows – and that is just the start of an ambition that stretches to AI agents potentially handling the bulk of taxpayer interactions. Speaking during a media Q&A at a Sars event in Pretoria previewing the 2026 filing season on…
Tax Justice Network Africa (TJNA) Executive Director Chenai Mukumba has challenged civil society organizations and media practitioners across Africa to become more actively involved in shaping tax policy and monitoring government revenue mobilization efforts, warning that fair taxation and accountable public finance management are critical to the continent’s development future. Mukumba made the call Monday…
Stepping up the pressure before the upcoming G7 conference in France, US President Donald Trump has renewed threats to hit the country with massive retaliatory tariffs unless it repeals its controversial digital services tax. Read: Siri AI: A deep dive into Apple’s new intelligent assistant The primary target of the administration’s focus is France’s 3%…
