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FEATURED EVENT: Trusts and Beneficiaries Loan accounts, foreign dividends and deductible expenses

The 2018 Taxation Amendments have created an entirely new set of limitations when using local and offshore trusts for tax planning. In this seminar we will focus on these far-reaching changes and their impact. 

Tuesday, August 27, 2019
Tax Conference
NEW eFiling updates

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

Tuesday, August 20, 2019

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

Comprehensive Guide to Dividends Tax Issue 2 Archived 12 September 2019
Friday, September 13, 2019
Comprehensive Guide to Dividends Tax Issue 1 Archived 12 September 2019
Friday, September 13, 2019
Notice R1165 GG 42698 Rule 49A - 13 Sept 2019
Friday, September 13, 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)

SAIT PIT and Employment Tax Work Group comments
Thursday, September 12, 2019
SAIT International Tax Work Group comments
Thursday, September 12, 2019
SAIT Tax Administration Technical Work Group comments
Thursday, September 12, 2019

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

​10 October 2019 New!



Next due date for comments :

Thursday, September 12, 2019
SARS
11 October 2019



Next due date for comments :

Thursday, September 12, 2019
SARS
​15 November 2019 New!



Next due date for comments :

Thursday, September 12, 2019
SARS
Click here to view all SAIT submissions

International and Regional News
(OECD and ATAF)

OECD special session at IFA Congress 2019

As part of a new project on tax morale, the OECD has recently reanalysed the results of a survey of business perceptions on tax certainty, to identify the constraints and concerns they face in paying in taxes around the world. This new report, to be launched at this session, has identified some of the factors that may impact tax morale and attitudes towards compliance among businesses, and how they differ in different regions.

Wednesday, September 11, 2019
Boosting tax morale – so people and businesses pay tax

Tax Morale: What Drives People and Businesses to Pay Tax? assesses the various drivers behind voluntary compliance with tax obligations, particularly in developing countries where issues of governance are more acute.

Tuesday, September 10, 2019
OECD Tax Certainty Day - 16 September 2019

Rapid digitalisation of the economy, the emergence of new business models and increased internationalization are increasing pressure on audit practices and driving changes in the international tax rules. Maintaining and enhancing tax certainty brings benefits for taxpayers and tax administrations alike, and will be key for promoting the investment, jobs and growth of the future.

Tuesday, September 10, 2019

SAIT PUBLICATIONS

CPD Events

8th Annual Africa Transfer Pricing Summit 2019
View Event
2019 Effective handling of SARS queries, audits & disputes
View Event
2019 BizFacility: VAT Masterclass
View Event

PROFESSIONAL INSIGHT

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.

Friday, August 30, 2019
Revenu Québec announces extended deadline of mandatory disclosure of nominee agreements in Quebec

On May 17, 2019, in Information Bulletin 2019-5, the Quebec Ministry of Finance announced that it would now be mandatory to disclose to Revenu Québec nominee agreements that have tax consequences by filing an information return.

Friday, August 30, 2019
The Singapore Convention on Mediation

Mediation is a flexible dispute resolution process, whereby a neutral, third party mediator helps guide the parties in a dispute towards their own resolution.

Friday, August 30, 2019
What the new carbon tax means for SA industry
Thursday, August 29, 2019
Deloitte
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

Tax News In The Press

13 September 2019 - SARS response to gender-based violence and violence in general
Friday, September 13, 2019
Draft Amendments Sch1P1 carbon emissions tax
Wednesday, September 11, 2019
Draft Amendments Sch6P6 rebates and refunds on carbon tax
Wednesday, September 11, 2019
The VBS Aftermath - 'If We Speak, They Will Kill Us'

[Daily Maverick] The favourite line of fraudsters and tax cheats is that it's victimless crime - just ask the State Capture players. But scratch this thinnest of veneers and it is easy to identify real-life damage to the poorest of the poor. The victims of the VBS collapse had their lives ruined - we went searching for them.

Monday, September 9, 2019
  ASK AN ADVISOR

I currently fully own Company A, which owns shares in another company, Company B. Company B went through a funding round and I’ve chosen to sell some shares belonging to Company A. I’ve paid capital gains tax (CGT) on the share sale amount from company A (22.4%). If I proceed with financial emigration to Mauritius by purchasing a property (or my company purchasing the property), will I still be liable for paying CGT personally for my shares held in Company A? If so, can you suggest any tax-...

Monday, September 9, 2019
Brian Butchart
New rules make ‘brass plate’ companies extremely risky

A new layer of compliance designed to clamp down on the use of ‘international finance centres’ by multinational companies as low or no tax jurisdictions has been added to the already increasingly complex offshore world. 

Thursday, September 5, 2019
Amanda Visser