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TaxTalk Nov/Dec edition is out

TaxTalk's final issue of 2020 is available. Download your copy of the special Incentives Issue here.

Tuesday, November 10, 2020
Concise Guide to Carbon Tax

A concise and practical guide to Carbon Tax including applicable legislation, regulations, SARS Rules and forms

This publication contains an insightful analysis of the Carbon Tax Act and related Regulations. Most importantly, it demystifies the administration of the carbon tax as an environmental levy under the Customs and Excise Act. It does this by explaining how to derive and calculate a carbon tax liability; and, by providing practical guidance on the management and submission of...

Tuesday, October 20, 2020
CPD EVENT I Webinar Series: Debt Restructuring and Corporate Reorganisations (Full Series)

During the course of August to November 2020, three senior tax professionals from Bowmans Gilfillan will anchor four interactive webinar sessions on the practical application of tax law relating to debt restructuring and corporate reorganisations.

 

Tuesday, October 6, 2020
The Tax Faculty

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

DA 185 – Registration adnd Licencing of Customs Clients 20 November 2020
Friday, November 27, 2020
DA 185.4A7 – Registration Client type 4A7 Producer - 20 November 2020
Friday, November 27, 2020
DA 185.4A2 – Registration Client type 4A2 Exporter - 20 November 2020
Friday, November 27, 2020

TAX CASES

Z v Commissioner for the South African Revenue Service (IT4412) [2019] ZATC 13 (26 August 2019)
Monday, January 6, 2020
X v Commissioner for the South African Revenue Service (IT13862; VAT1374) [2019] ZATC 12 (6 August 2019)
Monday, January 6, 2020
ABC Limited v Commissioner for the South African Revenue Service (IT14255) [2019] ZATC 11 (9 July 2019)
Monday, January 6, 2020

Legislative & Policy
(National Treasury & Parliament)

43859 30-10 LegalA

AIDS HELPLINE: 0800-0123-22 Prevention is the cure Government Gazette Staatskoerant REPUBLIC OF SOUTH AFRICA REPUBLIEK VAN SUID-AFRIKA LEGAL NOTICES WETLIKE KENNISGEWINGS AN.B. The Government Printing Works will not be held responsible for the quality of “Hard Copies
…
...

Friday, October 30, 2020
Rentia Janse Van Niewenhuizen
43797 09-10 ComDigitalTechnologies

Department of Communications and Digital Technologies
…
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
…
...

Friday, October 9, 2020
Rentia Janse Van Niewenhuizen
43785 09-10 LegalA

AIDS HELPLINE: 0800-0123-22 Prevention is the cure Government Gazette Staatskoerant REPUBLIC OF SOUTH AFRICA REPUBLIEK VAN SUID-AFRIKA LEGAL NOTICES WETLIKE KENNISGEWINGS AN.B. The Government Printing Works will not be held responsible for the quality of “Hard Copies
…
...

Friday, October 9, 2020
Rentia Janse Van Niewenhuizen

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

​24 September 2020 New!



Next due date for comments :

Tuesday, September 15, 2020
SARS
​1 October 2020



Next due date for comments :

Tuesday, September 15, 2020
SARS
​8 October 2020 New!



Next due date for comments :

Tuesday, September 15, 2020
SARS
Click here to view all SAIT submissions

International and Regional News
(OECD and ATAF)

Global Forum Secretariat delivers new Confidentiality and Information Security Management toolkit to assist in the implementation of the Automatic Exchange of Information Standard

The toolkit is designed to ensure more countries can benefit from AEOI. It provides detailed guidance on implementing the building blocks of a legal and ISM framework that adheres to internationally recognised standards or best practices, as required by the AEOI Standard, and ensures the confidentiality of the exchanged information.

Tuesday, December 1, 2020
New OECD self-assessment tool to help jurisdictions tackle tax crimes

A new diagnostic tool will allow jurisdictions to self-assess their capabilities across a range of legal, strategic and operational areas to support their efforts to tackling tax crime effectively.

Monday, November 30, 2020
Revenue Statistics and Consumption Tax Trends 2020 to launch on Thursday, 3 December 2020

Two new OECD reports to be published on Thursday, 3 December provide internationally comparable statistics and analysis designed to inform the tax policy debate.

Friday, November 27, 2020

SAIT PUBLICATIONS

CPD Events

2020 Webinar: Monthly Tax Update - November
View event
Transfer pricing series 2020: The important principles, current challenges and the impact of Covid-19 - Full Series
View event
2020 Practical Q&A with Prof Jackie Arendse - Full series
View event

PROFESSIONAL INSIGHT

Real Estate Focus: November 2020

In this edition, we take a look at a Supreme Court decision on the enforceability of a restrictive covenant; real estate tax developments; the latest on “right to rent” checks; and the meaning of “vacant possession”.

Tuesday, November 24, 2020
Machine versus the tax man: AI inventors and the research tax credit

On July 29, 2019, the U.S. Patent and Trademark Office received two patent applications: one for a light beacon that flashes in a unique manner to attract attention, and the other for a beverage container based on fractal geometry.

Wednesday, October 28, 2020
Luxembourg Government publishes 2021 Budget bill

Increased taxation of the domestic real estate funds market and extended access to employees incentive plans (while maintaining standard corporate tax and progressive income tax rates) are among changes introduced in the Luxembourg Government’s 2021 Budget bill n°7666 (the “2021 Budget”).

Friday, October 23, 2020
Global Tax Outlook 2020: The changing face of tax

Brussels, 5 October 2020 – Across the globe, tax leaders face unprecedented change and transition, as they respond to pressures both internal and external to the business. Businesses are facing key challenges in relation to their tax affairs and evolving the focus of their activity.

Wednesday, October 21, 2020
Lindy Steyn
Global Tax Outlook 2020 : The Changing Face of Tax

Brussels, 5 October 2020 – Across the globe, tax leaders face unprecedented change and transition, as they respond to pressures both internal and external to the business. Businesses are facing key challenges in relation to their tax affairs and evolving the focus of their activity.

Wednesday, October 21, 2020
Lindy Steyn
UNEXPECTED TAX RELIEF FOR EXPATRIATES “STUCK” IN SOUTH AFRICA

South African expatriates who were unable to leave South Africa on account of the lockdown will be relieved to learn that the requirements of the foreign employment exemption (Section10(1)(o)(ii)) will be relaxed. On 13 October 2020, National Treasury and SARS published their draft Response Document on the latest tax Bills, wherein the unexpected proposal was made to reduce the number of days expatriates have to be outside South Africa to qualify for the exemption.

Tuesday, October 20, 2020
Tax – Do not overlook this critical component in an international restructuring solution

Uncertainty has gripped 2020 with financial pressures being felt by a wide range of businesses.

Tuesday, October 13, 2020
Joint ventures and tax considerations

As with most corporate transactions, tax is a key component in determining the ultimate structure and operation of a joint venture.

Monday, October 12, 2020
A LANDMARK VICTORY FOR SARS OVER OBSTRUCTIVE TAXPAYERS

As South Africans, we have borne witness to certain high-profile individuals adopting what is referred to as the “Stalingrad Defence” in litigation, in an effort to postpone their day of reckoning at all costs. This strategy involves building a legal defence – not on merit – but one where you frustrate your opponent to the point where the juice is simply no longer worth the squeeze.

In South Africa, this strategy can be very successful, especially where you have the luxury of...

Tuesday, October 6, 2020

Tax News In The Press

Call to Action - a People-Centred Approach to Disease Prevention in the Era of Covid-19

[Daily Maverick] SARS Covid-19 has raised many dilemmas for policymakers and civil society alike. To say that the pandemic has disrupted economic and social life is probably the understatement of the 21st century - thus far at least.

Tuesday, December 1, 2020
Daily Maverick
Fishing Rights - Robbing Peter to Pay Paul a Pittance

[DA] There's a resource grab happening in fishing. Minister Barbara Creecy has embarked on a program of taking fishing resources from successful individual small-scale fishers and putting them in the hands of the ANC created cooperatives, which have a 100% failure rate. Not a single fishing co-operative has ever successfully operated, created jobs, paid taxes or harvested their own fish. The net result will be the destruction of businesses and workers that are creating value in Western...

Thursday, November 26, 2020
DA
Media Statement - Finance Committee Welcomes Progress By National Treasury and SARS to Implement the Recommendations of the Nugent Commission

[Parliament of South Africa] The Standing Committee on Finance has welcomed progress made by the National Treasury and the South African Revenue Services (SARS) in implementing the recommendations of the Nugent Commission of Inquiry.

Tuesday, November 24, 2020
Parliament of South Africa
Exchange Control Circular Suspended

[SAnews.gov.za] National Treasury, the South African Reserve Bank (SARB) and the Financial Sector Conduct Authority (FSCA) have jointly expressed an intent to review the Exchange Control Circular 15/2020 issued by the SARB.

Tuesday, November 24, 2020
SAnews.gov.za
Reed v Minister of Finance and Others (30832/2015) [2017] ZAGPPHC 987 (10 March 2017)
Thursday, November 19, 2020
Media Release - Na Passes the Rates and Monetary Amounts Bill and Two Tax Bills

[Parliament of South Africa] The National Assembly (NA) has, during its hybrid plenary today, passed three Bills - the Rates and Monetary Amounts and Amendment of Revenue Laws Bill, the Taxation Laws Amendment Bill and the Tax Administration Laws Amendment Bill.

Wednesday, November 18, 2020
Parliament of South Africa