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Tax Chronicles issue 32

The latest issue of the Tax Chronicles issue 32 is out. Download your copy here. 

TaxTalk Jan/Feb edition is out

 TaxTalk's first issue of 2021 is available. Download your copy of the special Incentives Issue here.  

TaxTalk Nov/Dec edition is out

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

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

Draft amendment to Notes 9 and 10 in Chapter 99 - 16 April 2021
Proclamation No 14 GG 44455 section 35(1)(a) of the RLSAA, 2008 16 April 2021
Draft rule under section 38 – SACU UCR Botswana and Namibia - 12 April 2021

TAX CASES

Free State Development Corporation v Commission for the South African Revenue Service (VAT 1999) [2021] ZATC 4 (30 March 2021)
Free State Development Corporation v The Commission for SARS (VAT 1999) [2021] ZATC 3 (30 March 2021)
D v Commissioner for the South African Revenue Service (24720) [2020] ZATC 22 (27 May 2020)

Legislative & Policy
(National Treasury & Parliament)

Media statement: Draft amendments to the Carbon Offsets Regulations

The National Treasury today publishes draft amendments to the Carbon Offset Regulations (Gazette No. 42873) prescribing carbon offsetting in terms of section 19(c) of the Carbon Tax Act, Act No. 15 of 2019 for public comment.

Draft Amendments to the Carbon Offsets Regulations

Amendments to the Carbon Offset Regulations prescribing carbon offsetting in terms of section 19( c) of the Carbon Tax Act (Act No 15 of 2019), are hereby published for comment.

Budget 2021
Treasury

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

​​31 March 2021 New!



Next due date for comments :

SARS
​​24 March 2021 New!



Next due date for comments :

SARS
​24 September 2020 New!



Next due date for comments :

SARS

International and Regional News
(OECD and ATAF)

Digital platforms have an important role to play in value added tax policy in the sharing and gig economy

Digital platforms can play an important role in the application of Value Added Taxes/Goods and Services Taxes policies in the sharing and gig economy, according to a new OECD report.

Release of Revenue Statistics in Latin America and the Caribbean 2021 on Thursday, 22 April 2021

The report provides an overview of the main taxation trends from 1990 to 2019 in 27 Latin American and Caribbean economies. This edition includes two special features: fiscal policy responses to the COVID-19 pandemic and the performance of hydrocarbon and mining revenues in 2019 and 2020.

Italy's Fabrizia Lapecorella appointed next Chair of OECD's Committee on Fiscal Affairs

The OECD's Committee on Fiscal Affairs has designated Ms. Fabrizia Lapecorella, Director General of Finance of the Italian Ministry of Economy and Finance, as the next Chair of the Committee beginning on 1 January 2022. Ms. Lapecorella will take over from Martin Kreienbaum of Germany after his 5 year term ends on 31 December 2021.

CPD Events

PROFESSIONAL INSIGHT

2021 Canadian Federal Budget

Following a year of fiscal disruption, the eagerly anticipated Federal Budget 2021 is here. Our tax lawyers break down the implications for Canadian businesses and the government’s proposed path to economic recovery.

Carve out transactions in Europe: The buyer’s perspective

In this webinar, a multidisciplinary panel of lawyers from across our European network will discuss the practical and legal issues for buyers to consider when acquiring an international business that is being "carved out" from the seller's group. As well as looking at corporate issues we will also discuss tax, human capital and technology considerations.

Scraping the pots to find revenue - Middelburg Observer

Tax increases could have been one such pot, but it’s already been scraped dangerously thin.

Webber Wentzel News
Deloitte School of Tax & Legal

Infusing Tax Technical Skills

Deloitte
Tax Alerts, Highlights and Newsletters

Subscribe to our publications and get the latest tax and legal developments

Deloitte
The Power of With:

The future of tax and legal functions, today

Deloitte
2021 Women in Tax Leaders Guide recognises 12 Deloitte Africa Tax & Legal directors
Deloitte
Deloitte Africa Tax & Legal director, Louise Vosloo, recognised in the 2021 Tax Controversy Leaders Guide
Deloitte
2021 Indirect Tax Leaders Guide recognises four Deloitte Africa Tax & Legal directors
Deloitte

Tax News In The Press

Sexwale Missing Funds Allegations Are a Scam

[SAnews.gov.za] The National Treasury and the South African Reserve Bank (SARB) have dismissed as a scam, reports of trillions of Rands donor funds going missing - after being deposited at the central bank.

SAnews.gov.za
Billionaire Tokyo Sexwale Apparently Fooled By a Common Internet Scam

[Daily Maverick] Once known as 'Mr-Deal-A-Minute', billionaire oligarch Tokyo Sexwale appears to have been duped by a 'common scam' and was acting at the behest of a mysterious foreign donor of the 'White Spiritual Boy Trust', said the National Treasury and the SA Reserve Bank.

Daily Maverick
Income Tax Fraudster Convicted and Sentenced

[SAPS] Ruzaan Botha (45) the sole director of Botha Investment Holdings cc got convicted and sentenced at Gqebera Specialised Commercial Crimes Court on 15 April 2021.

SAPS
SARS Receives 88,000 Job Applications

[SAnews.gov.za] The South African Revenue Service (SARS) has received over 88 000 applications for over 500 skilled specialist and graduate vacancies in its recent recruitment drive.

SAnews.gov.za
The Govt's Fuel-Related Levies and Taxes Are Unsustainable

[Daily Maverick] Problems loom when the government applies short-term thinking on state revenue streams, which is evident from incessant increases applied to various taxes, especially those that appear to ignore future challenges that threaten its income.

Daily Maverick
Treasury On Three-Month Extension of the Covid-19 Loan Guarantee Scheme

[Govt of SA] The Loan Guarantee Scheme (LGS) was announced by President Cyril Ramaphosa on 21 April 2020 as part of the Economic Stimulus Package and was designed to support small businesses that were experiencing financial distress as a result of the COVID-19 pandemic. The LGS was launched by the National Treasury, the South African Reserve Bank and the Banking Association South Africa (BASA) on 12 May 2020.

Govt of SA