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SAIT Trending Topics

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)

Draft Benchmark Regulations Carbon Tax 2 Dec 2019
CSARS v Spur Group (Pty) Ltd (A285/2019; A285/2018) ZAWCHC (26 November 2019; 12 November 2019)
CSARS v Clicks Retailers (Pty) Ltd (58/2019) [2019] ZASCA 187 (3 December 2019)

TAX CASES

Taxpayer v Commissioner for the South African Revenue Services (VAT2063) [2019] ZATC 2 (15 November 2019)
Mark Roy Lifman,The Close Corporations, Companies and Trusts vs C:SARS (Case Number: 22820/2016)

This is an application to stay the execution process commenced pursuant to taxes raised following the late filing of VAT and tax returns, and a section 50 enquiry - Tax Administration Act, 28 of 2011.

SAFLII
Benhaus Mining (Pty) Ltd v CSARS - 22 March 2019

A company that excavates ground and digs up mineral-bearing ore for a fee on delivery to another entity that processes the ore, undertakes mining operations within the meaning of ss 1 and 15(a) of the Income Tax Act 58 of 1968. It is thus entitled to claim deductions of the full amount of capital expenditure on mining equipment in the tax year in which it is incurred, in terms of s 36(7C) of the Act

SARS Court Cases

Legislative & Policy
(National Treasury & Parliament)

Media Statement - Confirmation of MTBPS date
Treasury
Advisory - Interacting with the Ministry of Finance
Treasury
Media Advisory - Interacting with the Ministry of Finance
Treasury

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

30 November 2019



Next due date for comments :

SARS
13 December 2019



Next due date for comments :

SARS
​10 October 2019



Next due date for comments :

SARS

International and Regional News
(OECD and ATAF)

Tax revenues have reached a plateau

Tax revenues in advanced economies reached a plateau during 2018, with almost no change seen since 2017, according to new OECD research. This ends the trend of annual increases in the tax-to-GDP ratio seen since the financial crisis.

Letter from OECD Secretary-General Angel Gurría for the attention of The Honorable Steven T. Mnuchin, Secretary of the Treasury, United States

Letter from OECD Secretary-General Angel Gurría for the attention of The Honorable Steven T. Mnuchin, Secretary of the Treasury, United States

Letter from OECD Secretary-General Angel Gurría for the attention of The Honorable Steven T. Mnuchin, Secretary of the Treasury, United States

Letter from OECD Secretary-General Angel Gurría for the attention of The Honorable Steven T. Mnuchin

CPD Events

PROFESSIONAL INSIGHT

Revenu Québec announces extended deadline of mandatory disclosure of nominee agreements in Quebec

On May 17, 2019, in Information Bulletin 2019-5, the Quebec Ministry of Finance announced that it would now be mandatory to disclose to Revenu Québec nominee agreements that have tax consequences by filing an information return.

The Singapore Convention on Mediation

Mediation is a flexible dispute resolution process, whereby a neutral, third party mediator helps guide the parties in a dispute towards their own resolution.

What the new carbon tax means for SA industry
Deloitte
Warranty and indemnity insurance in South Africa’s M&A environment

Warranty and indemnity (W&I) insurance provides cover for losses arising from a breach of a warranty and claims under a tax indemnity arising from a merger or acquisition (M&A) contract.

DAC 6: UK implementation of the new EU tax disclosure rules

DAC 6 imposes mandatory reporting of cross-border arrangements affecting at least one EU member state where the arrangements fall within one of a number of “hallmarks”.

29/07/19 VAT Alert - VAT treatment of foreign donor funded projects On 22 July, the Draft Taxation Laws Amendment Bill, 2019, was released for public comment and contains proposed amendments VAT treatment of foreign donor funded projects. Download P...
PWC
Real Estate Focus – July 2019

In this edition, we provide updates on proposed reforms to residential leases;, a new register of overseas entities;, property taxes; and the effect of Brexit on leases.

Africa Tax Update: Quarterly Newsletter

On 30 May 2019, an important milestone in the history of Africa was reached when the Agreement establishing the Africa Continental Free Trade Area (AfCFTA) entered into force.
In this edition, our contributors look at the AfCFTA from two different angles.
Download the newsletter here
 
 
 
The post...

Femi Oke
PWC Synopsis June 2019

A monthly journal, published by PwC South Africa, that gives informed commentary on current developments in the tax arena, both locally and internationally.

PWC

Tax News In The Press

SARS Destroys Illegally Imported Goods

[SAnews.gov.za] South African Revenue Service (SARS) customs officials have started destroying several illegally imported vehicles and clothing valued at over R7 million in Durban, in a bid to clamp down on illegal imports that harm the economy.

SARS Wins R1 Billion Tax Evasion Case

[SAnews.gov.za] The South African Revenue Service (SARS) has welcomed the Supreme Court of Appeal (SCA) judgment which ended the protracted dispute with Africa Cash & Carry.

29 November 2019 - SARS Customs destroys illegally imported goods valued at over R7-million
28 November 2019 - SARS wins R1-billion tax evasion case
IPID Calls in Treasury's Help to Investigate Premature Closure of Cases

[News24Wire] Police watchdog, the Independent Police Investigative Directorate (IPID) has obtained help from the National Treasury to complete an investigation into the allegations of the premature closing of cases.

Finance Minister Backs Formation of Intelligence Unit Within SARS

[Notes from the House] Minister of Finance Tito Mboweni declared that he "fully endorses" the establishment of a unit within the South African Revenue Services (SARS) that is deployed to investigate and gather intelligence on illicit financial flows and granting SARS full "intrusive enforcement capacity" to act against them when necessary.