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TaxTalk Nov/Dec edition is out

TaxTalk's final issue of 2020 is available. Download your copy of the special Incentives Issue here.

Concise Guide to Carbon Tax

A concise and practical guide to Carbon Tax including applicable legislation, regulations, SARS Rules and forms

This publication contains an insightful analysis of the Carbon Tax Act and related Regulations. Most importantly, it demystifies the administration of the carbon tax as an environmental levy under the Customs and Excise Act. It does this by explaining how to derive and calculate a carbon tax liability; and, by providing practical guidance on the management and submission of...

TaxTalk digital magazine

Please note that due to lockdown regulations on printing and distribution services, TaxTalk has stopped production of its print magazine until further notice. Members and subscribers will continue to receive the bimonthly magazine in digital format. Click here to access the latest edition.  

 

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

Mobile Telephone Networks (Pty) Limited v CSARS (79960/2019) [2021] ZAGPPHC (12 January 2021)
Rappa Resources (Pty) Ltd v CSARS (20/18875) [2020] ZAGPPHC (5 November 2020)
DA 185 - Application form - Registration / Licensing of Customs and Excise Clients - External Form

TAX CASES

ABC Trading CC v Commissioner of the South African Revenue Services (1712) [2020] ZATC 7 (29 April 2020)
ABC Trading CC v Commissioner of the South African Revenue Services (1712) [2020] ZATC 6 (29 April 2020)
ABC (Pty) Ltd v Commissioner for the South African Revenue Service (1626) [2020] ZATC 9 (3 March 2020)

Legislative & Policy
(National Treasury & Parliament)

3134 27-11 TenderBulletin

AIDS HELPLINE: 0800-123-22 Prevention is the cure Government Tender Bulletin REPUBLIC OF SOUTH AFRICA N.B. The Government Printing Works will not be held responsible for the quality of “Hard Copies” or

requirements (e.g. have a valid tax clearance certificate and be in

...

Rentia Janse Van Niewenhuizen
43940 27-11 Legal A

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

...

Rentia Janse Van Niewenhuizen
43937 26-11 HighEduTraining

Department of Higher Education and Training

Regulation Gazette No. 10177 Regulasiekoerant N.B. The Government Printing Works will not be held responsible for the quality of “Hard Copies” or “Electronic Files” submitted for publication purposes AIDS HELPLINE

...

Rentia Janse Van Niewenhuizen

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

​24 September 2020 New!



Next due date for comments :

SARS
​1 October 2020



Next due date for comments :

SARS
​8 October 2020 New!



Next due date for comments :

SARS

International and Regional News
(OECD and ATAF)

Tax and Development briefings

A dedicated series of briefings on current projects covering the OECD's tax and development work will be open to the Inclusive Framework membership and the public.

11th meeting of the OECD/G20 Inclusive Framework on BEPS

Due to the ongoing health crisis, the 11th plenary meeting of the 137 members of the OECD/G20 Inclusive Framework on BEPS will be held virtually and open to the public, allowing a glimpse into the various international tax-related workstreams undertaken by the Inclusive Framework to date.

Public consultation meeting on the Reports on the Pillar One and Pillar Two Blueprints

The OECD/G20 Inclusive Framework on BEPS invites public input on the Reports on Pillar One and Pillar Two Blueprints. This public consultation meeting will focus on the key questions identified in the consultation document and raised in the written submissions received as part of the consultation process.

CPD Events

PROFESSIONAL INSIGHT

Cost of capital: 2021 outlook

Join a conference call among 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.

Canada to increase carbon taxes by 566%

The Canadian federal government recently announced that the carbon tax will increase from its current $30 per tonne of greenhouse gas (GHG) emissions to $170 per tonne in 2030 – an increase of 566% over 10 years.

Real Estate Focus: November 2020

In this edition, we take a look at a Supreme Court decision on the enforceability of a restrictive covenant; real estate tax developments; the latest on “right to rent” checks; and the meaning of “vacant possession”.

Machine versus the tax man: AI inventors and the research tax credit

On July 29, 2019, the U.S. Patent and Trademark Office received two patent applications: one for a light beacon that flashes in a unique manner to attract attention, and the other for a beverage container based on fractal geometry.

Luxembourg Government publishes 2021 Budget bill

Increased taxation of the domestic real estate funds market and extended access to employees incentive plans (while maintaining standard corporate tax and progressive income tax rates) are among changes introduced in the Luxembourg Government’s 2021 Budget bill n°7666 (the “2021 Budget”).

Global Tax Outlook 2020: The changing face of tax

Brussels, 5 October 2020 – Across the globe, tax leaders face unprecedented change and transition, as they respond to pressures both internal and external to the business. Businesses are facing key challenges in relation to their tax affairs and evolving the focus of their activity.

Lindy Steyn
Global Tax Outlook 2020 : The Changing Face of Tax

Brussels, 5 October 2020 – Across the globe, tax leaders face unprecedented change and transition, as they respond to pressures both internal and external to the business. Businesses are facing key challenges in relation to their tax affairs and evolving the focus of their activity.

Lindy Steyn
UNEXPECTED TAX RELIEF FOR EXPATRIATES “STUCK” IN SOUTH AFRICA

South African expatriates who were unable to leave South Africa on account of the lockdown will be relieved to learn that the requirements of the foreign employment exemption (Section10(1)(o)(ii)) will be relaxed. On 13 October 2020, National Treasury and SARS published their draft Response Document on the latest tax Bills, wherein the unexpected proposal was made to reduce the number of days expatriates have to be outside South Africa to qualify for the exemption.

Tax – Do not overlook this critical component in an international restructuring solution

Uncertainty has gripped 2020 with financial pressures being felt by a wide range of businesses.

Tax News In The Press

15 January 2021 - Former SARS Customs officer sentenced to an effective six years for corruption
Covid-19 - Cell Phone Study Shows Where Infections Take Place

[GroundUp] A study published in the journal Nature by Serina Chang and her colleagues in November 2020 used American cell phone data to identify the places where people are most likely to contract SARS-CoV-2, the virus that causes Covid-19.

GroundUp
Minister Zweli Mkhize - Update On SARS-CoV-2 Coronavirus Vaccine Rollout Strategy

[Govt of SA] In line with our commitment to keep the public informed of developments relating to the vaccine rollout strategy, we wish to communicate recent developments of national importance.

Govt of SA
31 December 2020 - Publication of the Annual Tax Statistics for 2020
Statement on New SARS-CoV-2 Variant with Multiple Spike Protein Mutations

[Africa CDC] The Africa Centres for Disease Control and Prevention (Africa CDC) wishes to raise awareness of Member States regarding the new variant of SARS-CoV-2, the virus that causes COVID-19, which was reported in South Africa and the United Kingdom over the past week. Africa CDC is closely following up with authorities in South Africa, where the variant was first identified in Nelson Mandela Bay and has rapidly spread through the Eastern and Western Capes, as well as KwaZulu-Natal.

Africa CDC
Angola Suspends Travel From 4 Countries Over Coronavirus Variant

[East African] Angola has suspended air, land and sea connections with South Africa, Australia, Nigeria and UK due to the discovery of the new coronavirus variant SARS-CoV-2.

East African