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TaxTalk digital magazine

Please note that due to lockdown regulations on printing and distribution services, TaxTalk has stopped production of its print magazine until further notice. Members and subscribers will continue to receive the bimonthly magazine in digital format. Click here to access the latest edition.  

 

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

FORM AD - Request for Tax Deduction Directive Pension and Provident Funds - External Form 2020.00.01 - NO REDWORKS
DA 180 - Environmental Levy Account for Carbon Tax - External (Form)
DA 180.01B.1 - Fugitive (Oil and Natural Gas) - External (Form)

TAX CASES

Z v Commissioner for the South African Revenue Service (IT4412) [2019] ZATC 13 (26 August 2019)
X v Commissioner for the South African Revenue Service (IT13862; VAT1374) [2019] ZATC 12 (6 August 2019)
ABC Limited v Commissioner for the South African Revenue Service (IT14255) [2019] ZATC 11 (9 July 2019)

Legislative & Policy
(National Treasury & Parliament)

2019/20 Municipal Budget Information : Third Quarter Financial Results as at 31 March 2020
Treasury
43316 15-05 NationalGovernment

43316 18 Transport, Department of/Vervoer, Departement van 527 National Railway Safety Regulator Act (16/2002): Determination of Permit Fees under Section 32 (2) (a) of the Act

43316 101 273 Standards Act, 2008: Standards Matters

...

Ursula Vercueil
43266 4-5 SARS

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

a right afforded in terms of a tax Act, as defined in the Tax Administration

...

Ursula Vercueil

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

​15 June 2020



Next due date for comments :

SARS
​24 June 2020 New!



Next due date for comments :

SARS
​30 June 2020



Next due date for comments :

SARS

International and Regional News
(OECD and ATAF)

OECD releases global tax reporting framework for digital platforms in the sharing and gig economy

Today, the OECD has released a new global tax reporting framework, the Model Reporting Rules for Digital Platforms in the Sharing and Gig Economy ("MRDP"). Under the MRDP, digital platforms are required to collect information on the income realised by those offering accommodation, transport and personal services through platforms and to report the information to tax authorities.

OECD Corporate Tax Statistics to launch on Wednesday 8 July 2020

How do corporate tax levels compare across countries? What factors are driving the variation in corporate tax burdens seen worldwide? How important are corporate tax revenues as a percentage of total revenues, on a country-by-country basis?

Blog post: Creating a virtuous circle between better education and a more sustainable tax system

Education investment should be a priority post-COVID-19 to improve education outcomes, and increase incomes and tax revenue.

CPD Events

PROFESSIONAL INSIGHT

INSIGHT: Resolving federal tax disputes in bankruptcy

Taxpayers facing potential bankruptcy proceedings should plan ahead.

Managing multinational companies from a tax perspective: Practical lessons

Where a company is taxed matters

FIVE MISCONCEPTIONS ABOUT DOUBLE TAX AGREEMENT RELIEF

If a South African expatriate had to describe the year 2020 in one word, “uncertainty” would no doubt rank as one of the most appropriate. Even before the world was hauled into turmoil by the COVID-19 pandemic, South African expatriates were already faced with the many unknowns that would be ushered in by the “expat tax” era.

The situation is exacerbated by the fact that taxpayers have unimpeded access to quick and easy tax advice peddled by “experts” on social media. Worse yet, these...

Real Estate Focus: June 2020

In this edition we take a look at coronavirus-related developments; the UK’s largest solar farm; real estate tax issues; and two timely reminders.

Home office expenditure: When can you claim from SARS?

Section 11 of the Income Tax Act provides the different circumstances in which deductions will be allowed for a taxpayer in determining their taxable income. The general rule is contained in section 11(a) of the Act and states that this will be limited to instances where the taxpayer is carrying on a trade, which includes “every profession, trade, business, employment, calling, occupation or venture”. Further, the expenditure in question must have actually been incurred in the production of...

Deloitte Africa Tax & Legal webinars

Subject matter experts share tax and legal insights on COVID-19

Deloitte
Deloitte Africa Tax & Legal: Update on tax developments in response to COVID-19

Recent tax and legal developments in response to the coronavirus (COVID-19), including import and export relief measures as well as draft tax legislation.

Deloitte
SARS and the fiscus may benefit when executives have to pay back - Polity.org.za

On occasions when company executives have to pay back a portion of their remuneration, the fiscus may unjustifiably benefit at the expense...

Webber Wentzel News
COMPANIES PLACED IN LIQUIDATION

The matter of Estate Late GA Pitje v Commissioner for SARS (2002) 66 SATC 219 (WLD), which was brought on appeal from the Special Income Tax Court to the High Court, considered amongst other things whether an employee or an employer is ultimately liable for PAYE.

The Court held on the facts that there was a taxable benefit to employees. However, the employer did not withhold the correct amount of PAYE, so the question is whether SARS can go after the employee.

With regard to...

Tax News In The Press

Notice R745 GG43496 Environmental Levy Account for Carbon Tax Insertion of forms Item 202.00 - 3 July 2020
DA 180 – Environmental Levy Account for Carbon Tax
DA 180.01A.1 – Fuel Combustion (Stationary) – Environmental Levy Account for Carbon Tax
DA 180.01A.2 – Fuel Combustion (Non-Stationary) – Environmental Levy Account for Carbon Tax
COVID-19 - How High-Flow Nasal Oxygen Is Saving Lives and Sparing Some Patients the Trauma of Intubation

[spotlight] While the scientific understanding of the SARS-CoV-2 virus is constantly improving, so is our understanding of practical methods to treat this life-threatening disease.

Western Cape Government Calls On Gordhan to Rescue Cape Town Port From COVID Carnage

[News24Wire] The Western Cape Provincial Minister of Finance and Economic Opportunities, David Maynier, has called for Minister of Public Enterprises Pravin Gordhan to urgently provide resources to resolve the current operational challenges at the port of Cape Town.