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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)

Presentation to SCOF on the draft response to the Draft Tax Bills - 18 September 2019
Revised Draft Response Document on the 2019 Tax Bills - MTBPS 30 October 2019
Revised presentation to SCOF on the draft response to the Tax Bills - 30 October 2019

TAX CASES

A Company v The Commissioner for the South African Revenue Service (IT 24510) [2019] ZATC 1 (17 April 2019)

The taxpayer carries on business as a high street retailer of clothing, comestibles and general merchandise.  As part of the facilities offered to its customers, it ‘sells’ gift cards.  These can be redeemed for goods at any of the taxpayer’s stores.  The question in this appeal from the additional assessment by the Commissioner of the taxpayer’s taxable income in the 2013 fiscal year is whether the revenue from the ‘sale’ of the taxpayer’s gift cards during that year constituted part of its...

SARS Court Cases
MRS X vs C:SARS - TC - IT 13380 - 27 January 2016

The applicant derived income as beneficiary of four inter vivos trusts, namely the A Trust, the B Trust, the C Trust and the D Trust. Her tax affairs for the 2009 tax year were subjected to an audit by the respondent and it was found that the applicant had under-declared her income for 2009.

SARS Court Cases
XYZ CC vs Commissioner of the South African Revenue Services

The Commissioner for the South African Revenue Service (“SARS”) brought an application in terms of rule 56(1)(b) of the Rules of the Tax Court for default judgment against the taxpayer in terms of section 129(2) of the Tax Administration Act, 28 of 2011 (“the Act”).

SARS Court Cases

Legislative & Policy
(National Treasury & Parliament)

Advisory - Interacting with the Ministry of Finance
Treasury
Media Advisory - Interacting with the Ministry of Finance
Treasury
Media statement - Minister Mboweni welcomes the Resignation of SASRIA Non-Executive Directors
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)

Global Forum on tax transparency reveals compliance ratings for further eight jurisdictions

The Global Forum published today eight peer review reports assessing compliance with the international standard on transparency and exchange of information on request (EOIR).

OECD secretariat invites public input on the Global Anti-Base Erosion (GloBE) Proposal under Pillar Two

As part of the ongoing work of the OECD/G20 Inclusive Framework on BEPS, the OECD secretariat is seeking public comments on certain aspects of the Global Anti-Base Erosion (GloBE) Proposal under Pillar Two.

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

The OECD/G20 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 (CbC) Reporting (BEPS Action 13).

CPD Events

PROFESSIONAL INSIGHT

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
South African Tax Court rules in favour of taxpayer in ‘most favoured nation’ test case

On 12 June 2019 the Cape Town Tax Court delivered its judgment in the dividends tax test case between ABC Pty Ltd (Taxpayer) and the South African Revenue Service (SARS). The case pertained to SARS’s refusal to refund dividends tax overpaid by the Taxpayer following the Taxpayer’s interpretation of the ‘most favoured nation’ provision (MFN clause) in the double taxation agreement (DTA) between South Africa (SA) and the Netherlands (SA/Netherlands DTA) (Dutch MFN clause), read with...

Mareli Treurnicht and Emil Brincker - Cliffe Dekker Hofmeyr
PWC Tax Alert - 2019 Tax Filing Season

On Friday, 28 June 2019 the SA Revenue Service (“SARS”) issued a public notice requiring taxpayers to submit their tax returns for the 2019 year of assessment. 

PWC

Tax News In The Press

Ramaphosa Jokes He's Glad It's Not Election Season - 'Siya Would Be President, Erasmus Minister of Finance'

[News24Wire] President Cyril Ramaphosa turned on the charm when addressing the world conquering Springboks at the Union Buildings on Thursday, telling them "I'm glad it's not election season because all these players would be elected".

The MTBPS - Much Worse Than Expected

[Daily Maverick] The mini-budget tabled in Parliament last week is a wake-up call. It shows unequivocally that the path South Africa is on is unsustainable: debt is rising, growth is falling, and there is no real plan to get the government's finances under control. 'Hope', as Finance Minister Tito Mboweni said, 'is not a strategy.' Until there is one, however, the risks that our public finances pose to the country's future prosperity are enormous.

Disappeared - Crucial Documents Fingering SSA Spies Who Infiltrated SARS

[Daily Maverick] While Jacob Zuma's 'missing' superspy Thulani Dlomo, former head of the State Security Agency's Special Operations Unit, has been 'located', crucial documents relating to him and other SSA spies who allegedly infiltrated SARS have mysteriously disappeared from the highly secure premises of the Office of the Inspector-General of Intelligence.

Treasury Invites Technical Tax Proposals for 2020 Budget Review

[Govt of SA] National Treasury is inviting tax payers, tax practitioners and members of the public to submit tax proposals of a technical nature (and not of a policy nature) to be considered for possible inclusion in the 2020 Budget Review. The technical tax proposals requested in this invitation must be limited to unintended anomalies, revenue leakages, loopholes and technical matters applicable to the current tax legislation that require correction. Tax proposals of a policy nature are...

Water and Sanitation Commits to Fund War On Leaks Programme

[Govt of SA] The Department of Water and Sanitation (DWS) has made a commitment to fund the War on Leaks Programme until 31 October 2020. This follows non-payment of stipends to the learners undergoing the programme in the preceding months, and in line with the outcomes of the Mid-Term Budget Policy Statement (MTBPS).

TC - IT 13862 and TC - VAT 1374 - 6 August 2019