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FEATURED EVENT: 2019 Year-end Tax Update

The year-end update is one of the most important updates for tax practitioners and taxpayers. In this year’s update, Nico Theron from Unicus Tax Specialists SA will cover a selection of important court judgments, rulings (in particular, Binding General Rulings) issued by SARS during the year, regulations and notices issued, as well as some of the important proposed amendments to tax legislation in this year’s round of amendments.

Tax Conference
SAIT Member book discount

SAIT members qualify for a 20% discount on select LexisNexis and Juta tax publications. Click here to make use of your discount today.

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

Comprehensive Guide to the Income Tax return for Trusts
Draft Rule on anti forestalling
PIT FAQs Foreign Employment Income Exemption

TAX CASES

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
ABC Company v The Commissioner of SARS (IT 14106) (31 January 2019)

Whether the taxpayer was entitled to be a PBO and be allowed a tax exemption in terms of section 10(1).

SARS Court Cases

Legislative & Policy
(National Treasury & Parliament)

Media Statement - Republic of South Africa issues two new bonds in the International Capital Markets
Treasury
Media Statement - Confirmation of MTBPS date
Treasury
Advisory - Interacting with the Ministry of Finance
Treasury

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

​10 October 2019



Next due date for comments :

SARS
​15 November 2019



Next due date for comments :

SARS
​30 November 2019 New!



Next due date for comments :

SARS

International and Regional News
(OECD and ATAF)

Green Talks LIVE

These free webinars are open to the general public and participants are welcome to pose questions during the Q&A segment. Register to the next webinar. Missed the Green Talks? Watch our video recordings on key topics: plastic recycling, climate, carbon pricing, energy, climate & growth; green finance and investment, urban sprawl, taxes, water.

OECD supports APEC Economies in fight against tax crime

In response to a request from the APEC Finance Ministers, the OECD today presented the report Combatting Tax Crimes More Effectively in APEC Economies at the APEC meetings underway in Santiago, Chile.

OECD and Eurasian officials meet in Azerbaijan to discuss BEPS implementation and solutions to the tax challenges of digitalisation

Over 70 delegates from 14 countries, as well as international and regional organisations, business, and civil society gathered in Baku, Azerbaijan on 8-10 October 2019 for the Fifth Regional Meeting on BEPS for Eurasian Countries.

CPD Events

PROFESSIONAL INSIGHT

Five steps towards building the tax function of tomorrow—today
Deloitte
Streaming series | Tax consequences of mine streaming

Tax consequences of mine streaming

Staying ahead of the curve

Norton Rose Fulbright is delighted to invite you to our annual seminar for charities, foundations, not-for-profit and tax-exempt organizations.

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

Tax News In The Press

SSA Rogue Actors Constitute Clear and Present Danger to Our Democracy

[Daily Maverick] One of the critical findings of the High-Level Panel Review into the State Security Agency is that former president Jacob Zuma relied on an unconstitutional, criminal and unaccountable parallel intelligence structure to serve his personal and political interests. These rogue spooks were Zuma's eyes and ears in SARS, Transnet, Prasa, Eskom, SAA and the media. Many continue to work off the books. They form the still-beating heart of State Capture.

Mkhwebane Backs EFF in IGI Case, Says Classified 'Rogue Unit' Report Should Be Public

[News24Wire] Public Protector Busisiwe Mkhwebane has come out in support of the EFF, arguing that a 2014 classified report, which found the so-called SARS "rogue unit" was unlawful, should be made public.

SARS 'Sunday Evenings' Case Postponed, While Batohi Considers Representations

[News24Wire] The State's case against three former South African Revenue Service (SARS) officials has been postponed to February next year, to allow for the new National Director of Public Prosecutions (NDPP) Shamila Batohi to review the decision to prosecute.

Treasury's Economic Paper Fudges the Key Issues

[Daily Maverick] In a state as racialised as South Africa, it is a must to look at the correlation between race and gender in poverty and inequality. In the absence of this, National Treasury's economic paper risks being reduced to an academic exercise that does not address the underlying factors in the country's economic status quo.

Three Former Senior SARS Officials Back in 'Rogue Unit' Saga

[News24Wire] Three former senior South African Revenue Service (SARS) officials are expected back in the dock of the Gauteng High Court in Pretoria on Monday.

Busisiwe Mkhwebane's Big Fat Fishing Expedition for Radebe Report

[Daily Maverick] When the story of how the capture of the state during the Zuma years is finally written, it will show just how much we need to celebrate the sheer incompetence of some of those deployed to subvert our young democracy in order to hoover up unimaginable mounds of public funds. In this episode, Busisiwe Mkhwebane tries to strong-arm Inspector-General for Intelligence, Setlhomamaru Dintwe, into releasing the Radebe Report into the SARS 'Rogue Unit'.