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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)

How to complete the Income Tax Return ITR14 for Companies
DA 306A - Export of goods in terms of section 38(3)(a)
IN 44 (Issue 2) - PBO CGT 4 February 2014

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)

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

​1 November 2019 New!



Next due date for comments :

SARS
4 November 2019



Next due date for comments :

SARS
15 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.

OECD seeks input on draft Model Rules for Reporting for Platform Operators with respect to Sellers in the Sharing and Gig Economy

As part of the ongoing work of the Committee on Fiscal Affairs, the OECD is seeking public comments on the draft Model Rules for Reporting for Platform Operators with respect to Sellers in the Sharing and Gig Economy.

OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors (Riyadh, Saudi Arabia) - February 2020

Part I reports on the activities in the OECD's international tax agenda, in particular the progress made in addressing the tax challenges arising from the digitalisation of the economy. It also provides an update on G20 tax deliverables including tax transparency, implementation of BEPS measures & capacity building to support developing countries. Part II reports on the activities of the Global Forum.

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

IN 44 (Issue 2) - PBO CGT 4 February 2014
Budget 2020 Is Not Only About the Numbers

[Daily Maverick] The Budget speech should be less about the numbers and more about acknowledging the role of tax in realising our basic socioeconomic rights as South Africans.

Jacques Pauw Takes Legal Action Against Piet Rampedi Over Twitter Allegations

[Daily Maverick] Investigative journalist Jacques Pauw has brought a lawyer to a Tweet-fight. Pauw is demanding an apology and retraction from the Sunday Independent's Piet Rampedi - after Rampedi took to Facebook and Twitter to accuse Pauw of racism and child molestation. At the heart of the matter: the never-ending saga of the SARS 'rogue unit'.

Taxing Punishment - Brothers Get Long Jail Terms for Defrauding SARS of R1.5m

[News24Wire] Two brothers convicted of defrauding the South African Revenue Service (SARS) 11 years ago have each been sentenced to 10 years in jail.

'You're Free to Go' - Relief for Ex-SARS Officials As Charges Withdrawn in Lengthy 'Rogue Unit' Saga

[News24Wire] "You are free to go." These were the words of Acting Judge Anthony Millar, as charges were officially withdrawn against three former senior South African Revenue Service officials in the so-called "rogue unit" saga.

Expatriate Confusion Over Tax Status As Amendments Loom

[Daily Maverick] Taxpayers who will be most affected by the legislation are those in the Middle East or in countries where there is no double taxation agreement.