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NEW eFiling updates

Updates on technical issues encountered on eFiling, with feedback from SARS and SAIT.

Tuesday, August 13, 2019
FEATURED EVENT: Tax Indaba 26 – 30 August 2019

Have you booked your seat? Time is running out. Get the latest updates in the field of taxation, new insights into topics you’re curious about, and rub shoulders with the influencers and decision-makers.

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Tuesday, August 13, 2019
Tax Indaba

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

Notice R1042 GG 42621 Amendment of form DA 1
Thursday, August 8, 2019
DA 1 - report inwards outwards for ships
Thursday, August 8, 2019
Notice 429 GG42316 - 18 March 2019 - Electronic Services
Wednesday, August 7, 2019

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.

Tuesday, June 11, 2019
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

Thursday, May 23, 2019
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).

Tuesday, May 21, 2019
SARS Court Cases

Legislative & Policy
(National Treasury & Parliament)

The state of local government finances and financial management as at 30 June 2018
Tuesday, August 13, 2019
Treasury
Provisional Financing Figures as at 31 July 2019
Friday, August 2, 2019
Treasury
Media Statement: Increase in Weekly Bond Auction Levels
Thursday, August 1, 2019
Treasury

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

​16 August 2019



Next due date for comments :

Sunday, July 21, 2019
SARS
​23 August 2019 New!



Next due date for comments :

Sunday, July 21, 2019
SARS
​16 August 2019 New!



Next due date for comments :

Thursday, July 18, 2019
SARS
Click here to view all SAIT submissions

International and Regional News
(OECD and ATAF)

OECD releases first stage 2 monitoring reports for BEPS Action 14 on improving tax dispute resolution mechanisms

The work on BEPS Action 14 continues with today’s publication of the first round of stage 2 peer review monitoring reports, which consists of monitoring the follow-up of any recommendations resulting from jurisdictions' stage 1 peer review reports.

Tuesday, August 13, 2019
Namibia joins the Inclusive Framework on BEPS

The Inclusive Framework on BEPS welcomes Namibia bringing to 134 the total number of countries and jurisdictions participating on an equal footing in the Project.

Friday, August 9, 2019
Albania joins the Inclusive Framework on BEPS

The Inclusive Framework on BEPS welcomes Albania bringing to 133 the total number of countries and jurisdictions participating on an equal footing in the Project.

Thursday, August 8, 2019

SAIT PUBLICATIONS

CPD Events

2019 Webinar: Planning for High Net Worth Individuals
View Event
4th Annual Tax Congress 2019
View Event
2019 Trust Workshop
View Event

PROFESSIONAL INSIGHT

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.

Tuesday, August 13, 2019
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”.

Monday, August 5, 2019
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...
Tuesday, July 30, 2019
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.

Wednesday, July 24, 2019
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...

Thursday, July 4, 2019
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.

Tuesday, July 2, 2019
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...

Monday, July 1, 2019
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. 

Friday, June 28, 2019
PWC
Video: Proposed gambling tax draft legislation

Louis Botha, Associate in the Tax & Exchange Control practice, joined eNCA to discuss the proposed gambling tax draft legislation that will be introduced during 2019.

Tuesday, June 25, 2019
Louis Botha - Cliffe Dekker Hofmeyr

Tax News In The Press

Mpumalanga Man Found Guilty and Sentenced for SARS Fraud

[SAPS] Godfrey Sifiso Tony Lukhele (33) was found guilty on 131 counts of fraud by the Nelspruit Regional Court on the 29 July 2019 for defrauding the South African Revenue Services (SARS) over R3million value added tax (VAT) returns.

Tuesday, August 13, 2019
Country's Finances Are in Bad Shape. It's Running Out of Time to Fix Them

[The Conversation Africa] South Africa's public finances are in a perilous state. There are four main reasons for this. First, economic growth is low or non-existent. Second, tax revenue collection is repeatedly below forecasts. Third, debt levels have risen rapidly and are now at their highest levels in the post-apartheid era. Fourth, the poor performance of state-owned enterprises is necessitating large-scale government support.

Wednesday, August 7, 2019
Changes to venture capital incentive ‘misdirected’

National Treasury has proposed changes that will reintroduce a limit to the tax benefit for taxpayers investing in venture capital companies (VCCs).

Tuesday, August 6, 2019
Amanda Visser
Income Tax Practice Note 2 of 1996 withdrawn 5 August 2019 with effect from 1 April 2012
Monday, August 5, 2019
Tom Moyane to Take Legal Action Against ANC Vet Snuki Zikalala for Spy Claims

[News24Wire] Former SARS commissioner Tom Moyane is taking legal action against ANC Veterans' League president Snuki Zikalala for claims he was possibly "used by the apartheid regime".

Friday, August 2, 2019
Draft Income Tax Amendment Bill 30 July 2019
Friday, August 2, 2019