Home

SAIT Trending Topics

Tax News

Click here to access important SARS updates, including: tax dates for upcoming months, information on managing a taxpayer’s compliance status with SARS, enhanced tax type transfer request on eFiling, and income tax obligations for insolvent taxpayers.

Member alert: Inactive PR numbers

SAIT has recently received a number of queries from members with the following concern:

When the tax practitioner contacts the SARS call centre, or interacts with a SARS branch, they are informed that their PR number is inactive on the SARS system. However, the affected tax practitioners can still access and transact on eFiling. 

 

Upon investigation, SAIT has found that the relevant PR numbers was active on the internal SAIT membership system.  

 

SAIT has...

SARS MobiApp functionality to be extended to registered practitioners

Following engagements with tax practitioners, we are happy to announce that the SARS MobiApp service offerings will be extended to registered tax practitioners from 22 October 2019. The extended service offerings will allow registered tax practitioners the flexibility to transact on behalf of their personal income tax clients from their mobile devices.

 

This app update will give registered practitioners access to the full suite of MobiApp services for their personal income tax...

Tax Administration & Interpretation
(SARS and Office of the Tax Ombud)

Explanatory Memorandum on the TLAB of 2019
Final Response Document on the 2019 Draft Tax Bills - 21 January 2020
GN37 GG42961 Regulations under items (a) and (c) of def of ”determined value“ 17 Jan 2020

TAX CASES

X v Commissioner for the South African Revenue Service (IT13862; VAT1374) [2019] ZATC 12 (6 August 2019)
Z v Commissioner for the South African Revenue Service (IT4412) [2019] ZATC 13 (26 August 2019)
ABC Limited v Commissioner for the South African Revenue Service (IT14255) [2019] ZATC 11 (9 July 2019)

Legislative & Policy
(National Treasury & Parliament)

42873 29-11 NatTreasury

been assigned in the Carbon Tax Act bears the meaning so assigned

subject to the carbon tax or benefiting from other government

retirement; "Carbon Tax Act" means the Carbon Tax Act, 2019 (Act No. 15 of 2019

of section 13 of the Carbon Tax Act must be allowed to a taxpayer

...

Rentia Janse Van Niewenhuizen
42841 15-11 LegalA

AIDS HELPLINE: 0800-0123-22 Prevention is the cure Government Gazette Staatskoerant REPUBLIC OF SOUTH AFRICA REPUBLIEK VAN SUID-AFRIKA LEGAL NOTICES WETLIKE KENNISGEWINGS AN.B. The Government Printing Works will not be held responsible for the quality of “Hard Copies

...

Ivy Botopela
Monthly Index October 2019

Monthly Gazette Index

National Government Gazettehttp://www.gpwonline.co.za/Gazettes/Gazettes/MonthlyIndexOctober2019.pdf
-
255KB

Rentia Janse Van Niewenhuizen

Call For Comment
SAIT member comments can be directed to taxpolicyadmin@thesait.org.za

13 December 2019



Next due date for comments :

SARS
​1 November 2019 New!



Next due date for comments :

SARS
4 November 2019



Next due date for comments :

SARS

International and Regional News
(OECD and ATAF)

Save the date: Sixth OECD Forum on Tax and Crime

Financial crime is one of the greatest threats to the economic and social well‑being of people living in all countries. Illicit financial activities such as tax evasion, corruption, terrorist financing, computer fraud, money laundering and other financial crimes are a global problem demanding a global response.

New OECD self-assessment tool to help tax administrations tackle tax debt and reduce administrative burdens

The OECD today published two self-assessment maturity models on tax debt management and the reduction of compliance burdens, both critical areas for successful tax administration. Maturity models set out descriptions of capabilities and performance in a particular function or set of activities across a number of levels of increasing maturity, in the case of these models from an emerging to an aspirational level.

OECD releases further guidance for tax administrations and MNE Groups on Country-by-Country reporting

The Inclusive Framework on BEPS has released additional interpretative guidance to give greater certainty to tax administrations and MNE Groups on the implementation and operation of Country-by-Country Reporting (BEPS Action 13).

CPD Events

PROFESSIONAL INSIGHT

Cost of capital: 2020 Outlook

Join a group of project finance industry veterans about what to expect in the year ahead for tax equity, bank and term loan B debt and project bonds.

Update on grandfathering problems for venture capital companies

In our recent newsflash we commented on the new deduction limits for investors in venture capital companies (VCCs), as included in the Taxation Laws Amendment Bill (TLAB) released on 30 October 2019. 

The maximum deduction claimed by an investor in terms of section 12J of the Income Tax Act, may not exceed ZAR 5 million for a company, and ZAR 2.5 million for any person...

Case notes: Insurance Premium Tax on cross-border M&A insurance: ECJ decision on location of risk

The Court of Justice of the European Union (CJEU) has delivered its decision in A Ltd, a case concerning the location of insured risk, and therefore which jurisdiction can charge IPT, on cross-border M&A insurance policies.

Tax controversy survey: Procedures and issues for selected countries

Tax controversy lawyers with Norton Rose Fulbright around the globe have prepared a sixth annual survey of certain tax controversy procedures and issues.

IRS launches new enforcement campaign on section 965 transition tax
How the ignorance and lack of knowledge of VAT vendors are affecting the poor, and everyone else

With the increase in the VAT rate from 14% to 15% on 1 April 2018 came great concern regarding the impact thereof on low-income households. The argument is that VAT is a regressive tax and that by increasing the VAT rate the poor are hit even harder than before. Although higher-income households pay more VAT in Rand value with a rate increase, they are still better off than the low-income households as the proportion of their income spent on VAT is less than that of the low-income households...

Anculien Schoeman
Norton Rose Fulbright Luxembourg welcomes new tax partner

Tax lawyer Florent Trouiller has joined Norton Rose Fulbright's Luxembourg office as a partner.

Principal residence trusts for disabled persons: proposed legislative expansion

Our wealth and private client services group recently worked with the Department of Finance (Finance) to try to find a solution to a change in the law that resulted in unfair treatment of disabled Canadians.

Five steps towards building the tax function of tomorrow—today
Deloitte

Tax News In The Press

Final Response Document on the 2019 Draft Tax Bills - 21 January 2020
No Smoke Without Fire - South Africa's Illicit Cigarette Trade

[ISS] The illicit trade in tobacco, especially cigarettes, costs South Africa's economy billions of rand annually through lost tax revenue. According to the South African Revenue Service (SARS), the estimated loss through the illegal cigarette trade for the 2015/16 financial year was R6 billion.

DA180 - Environmental levy account for carbon tax - 19 Dec 2019
Tax Administration Laws Amendment Act 33 of 2019 GG42951 15 January 2020
TC - VAT 1610 - 19 June 2019
Attacked With an Axe - the Pain, the Indignity, the Choices, the Consequences... and the Inadequate Police Service

[Daily Maverick] It was my first full day back at the office after the Christmas holidays. I left the office, had dinner with a colleague from National Treasury at Capital Craft in Pretoria, and began driving home. I had taken the Rivonia exit off the N1 in Johannesburg when a man wearing all black, with his face fully covered with a ski mask, swung an axe into my car repeatedly.