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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...

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

BGR 3 - Transitional arrangements municipalities 4 December 2007
BGR 4 - Apportionment methodology Category A Municipalities 21 January 2010
BGR 4 (Issue 2) - Apportionment methodology Category A and B Municipalities 25 March 2013

TAX CASES

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

Legislative & Policy
(National Treasury & Parliament)

Advisory: National Treasury sets up COVID-19 Email Address

National Treasury has set up an email address

Treasury
Media Statement: Update on the stakeholder workshops on Export Taxes on Scrap Metals; and Taxation and Regulation of Electronic Cigarettes

National Treasury issued media statements in March inviting stakeholders to workshops on the proposal to introduce Export Taxes on Scrap Metals, and the Taxation and Regulation of Electronic Cigarettes, respectively.

Treasury
Media Statement: Treasury Instruction No. 08 of 2019/2020 Emergency Procurement in response to National State of Disaster
Treasury

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

​30 March 2020



Next due date for comments :

SARS
​31 March 2020



Next due date for comments :

SARS
​​30 April 2020



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.

Tackling the coronavirus: OECD Forum on Tax Administration publishes advice on business continuity considerations for tax administrations

The OECD Forum on Tax Administration (FTA), in collaboration with the Intra-European Organisation of Tax Administrations (IOTA) and the Inter-American Center of Tax Administrations (CIAT), has today published a reference document on critical business continuity considerations for tax administrations in the context of the COVID-19 pandemic.

Global Forum publishes new peer review reports and reveals compliance ratings for eight jurisdictions

The Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) published today eight new peer review reports assessing compliance with the international standard on transparency and exchange of information on request (EOIR).

CPD Events

PROFESSIONAL INSIGHT

Deloitte Africa Tax & Legal Directors recognised in the 2019 edition of the Guide to the World’s Leading Transfer Pricing Advisers 
Deloitte
Deloitte Africa Tax & Legal female directors recognised as amongst world’s leading tax advisors in the 2020 Women in Tax Leaders Guide
Deloitte
Deloitte Medium-Term Budget Policy Statement (MTBPS) Commentary 2019

Building an inclusive economy - Perspectives on the 2019 Medium-Term Budget Policy Statement

Deloitte
How are businesses managing their operational response?

Given the scale of the crisis, many businesses and sectors will require government support in various forms including potentially crisis loans, state guarantees and tax waivers or deferrals.

Tax measures for Canadians and businesses: Pandemic economic response plan

The Canadian Department of Finance and the Prime Minister announced a number of significant economic measures to assist taxpayers in managing the economic and financial consequences of COVID-19.

Taking stock: Tax equity, debt and M&A

Join a discussion among a group of key market participants for an update on current conditions.

UK Budget 2020: Chancellor sets out plans for public spending and taxation

On March 11, 2020, Chancellor of the Exchequer Rishi Sunak announced the UK Budget 2020, setting out HM Treasury’s (HMT) plans for public spending and taxes for the coming year.

Global tax authorities are non-cryptic about increasing scrutiny in cryptocurrency industry; the Tax Man is here and he means business

This article highlights recent developments in the cryptocurrency arena and offers suggestions for institutions and individuals to minimize their respective risks and exposure.

Demystifying tax capital accounts in tax equity transactions

This webinar will provide the rules around tax capital accounts and dive into numbers to give you a working knowledge you can apply to your job.

Tax News In The Press

South Africa Must Support SMEs to Save Jobs

[Daily Maverick] The SME sector is most critical as an employer. While it only pays about 6% of corporate taxes and accounts for 20% of GDP, small and medium enterprises employ about 47% of South Africa's workforce.

SA's First Successful Genome Sequencing of a Local SARS-CoV-2 Sample Will Help Global Fight Against the Disease

[Daily Maverick] South Africa's first successful genome sequencing of a locally collected sample of the SARS-CoV-2 virus is now being added to an international database to help better understand the disease.

BGR 26 - The VAT treatment of the supply and importation of herbs 12 March 2015
BGR 33 - VAT treatment of the supply or importation of vegetable oil 24 March 2016
VAT 412.11 Mapping
ITAC Certificate - SARS Essential Goods List