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The Tax Faculty has recently launched Webinars On-Demand.

Click “read more” to view extracts of SARS Audits, Tax2020 and Provisional Tax Penalties.

 

Webinars On-Demand is a library of on demand learning videos, covering a wide range of accountancy and practice management topics that are always available for viewing. Completion of any webinars on-demand will award you the relevant CPD hours.

 

Pay for what your watch • Cancel any time • No obligations
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TAX News

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...

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

Draft Benchmark Regulations Carbon Tax 2 Dec 2019
Media statement - Carbon Tax Act Regulations
Summary of Trade Exposure and Benchmark Regulations 2 Dec 2019

TAX CASES

Massmart Holdings Limited v Commissioner for the South African Revenue Services (13798; 13931; 14294) [2019] ZATC 5 (17 September 2019)
Massmart Holdings Limited v Commissioner for South African Revenue Services (13798; 13931 & 14294) [2019] ZATC 4 (17 September 2019)
Taxpayer v Commissioner for the South African Revenue Services (VAT2063) [2019] ZATC 2 (15 November 2019)

Legislative & Policy
(National Treasury & Parliament)

Media statement - Deputy Minister of Finance on Roadshows to Provinces
Treasury
42739 4-10 NatGovernment

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: 0800-0123-22 Prevention is the cure Government Gazette

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Ivy Botopela
Media Statement - Republic of South Africa issues two new bonds in the International Capital Markets
Treasury

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.

Public consultation meeting on the Global Anti-Base Erosion (GloBE) Proposal - Pillar Two

As part of the ongoing work of the OECD/G20 Inclusive Framework on BEPS, the OECD Secretariat is seeking public comments on the Global Anti-Base Erosion (GloBE) Proposal under Pillar Two. This public consultation meeting will focus on the key questions identified in the consultation document and issues raised in the written submissions received as part of the consultation process.

Montenegro joins the Inclusive Framework on BEPS

The Inclusive Framework on BEPS welcomes Montenegro bringing to 136 the total number of countries and jurisdictions participating on an equal footing in the Project.

CPD Events

PROFESSIONAL INSIGHT

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
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.

Tax News In The Press

Taxman Opposes Urgent Court Bid to Halt Bosasa Liquidation and Auction, Says Company Owes More Than R500 Million in Taxes

[News24Wire] The South African Revenue Service (SARS) has filed court papers opposing an urgent bid by Jared Watson to halt the auction of corruption accused company Bosasa's assets.

Media statement - Carbon Tax Act Regulations
Draft Benchmark Regulations Carbon Tax 2 Dec 2019
LRA, SARS in Pact to Improve Vat Refunds

[Lesotho Times] The Lesotho Revenue Authority (LRA) and the South African Revenue Service (SARS) have signed a deal that will soon see an improvement in the processing of cross-border value added tax (VAT) refunds.

Public Comment Sought On Carbon Tax Regulations

[SAnews.gov.za] Following the coming into effect of the Carbon Tax Act, National Treasury is seeking public comment into the Draft Regulations for Trade Exposure Allowance and the Draft Regulations for the Greenhouse Gas (GHG) Emissions Intensity Benchmarks.

Case in Point - Research Informs Legislation to Shed Obesity

[Daily Maverick] The South African Government implemented a 11% excise tax on sugar-sweetened beverages (SSBs) in 2018. The legislative move was years in the making and throughout the process, work by researchers from Wits University contributed directly to decisions made in and around the policy.