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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...

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.

 

The Tax Faculty
CPD EVENT I Customs Series: Controversy in Customs (Full Series)

Movement of goods across the borders of the republic is an integral part of our economy. The customs environment is constantly changing and staying up-to-date with these changes are crucial.

 

The Tax Faculty

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

Notice 1106 GG43830 Explanatory Summary to the TALAB2020 23 October 2020
Notice R1098 GG43811 Rules 59A and 60 reg lic details effective date 16 October 2020
CSARS v Zikhulise Cleaning and Maintenance and Transport Service (14886/16) [2020]; Mpisane v Zikhulise Cleaning and Maintenance and Transport CC and another (18101/16) [2017] ZAGPPHC (14 October 2020)

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)

Speech by Director-General Dondo Mogajane at the virtual launch of the Auditor-General SA’s Preventative Control Guides
Treasury
NATIONAL ASSEMBLY PASSES DISASTER MANAGEMENT TAX RELIEF BILL AND DISASTER MANAGEMENT TAX RELIEF ADMINISTRATION BILL

Parliament, Tuesday 25 August 2020 – The National Assembly (NA) has, during its hybrid plenary today, passed the Disaster Management Tax Relief Bill and the Disaster Management Tax Relief Administration Bill.

3120 21-08 TenderBulletin

AIDS HELPLINE: 0800-123-22 Prevention is the cure Government Tender Bulletin REPUBLIC OF SOUTH AFRICA N.B. The Government Printing Works will not be held responsible for the quality of “Hard Copies” or

requirements (e.g. have a valid tax clearance certificate and be in

...

Ursula Vercueil

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

​24 September 2020 New!



Next due date for comments :

SARS
​1 October 2020



Next due date for comments :

SARS
​8 October 2020 New!



Next due date for comments :

SARS

International and Regional News
(OECD and ATAF)

Making tax dispute resolution more effective: New peer review assessments for Czech Republic, Denmark, Finland, Korea, Norway, Poland, Singapore and Spain

Despite the significant disruption caused by the COVID-19 pandemic and the necessity to hold all meetings virtually, work has continued with the release today of the stage 2 peer review monitoring reports for Czech Republic, Denmark, Finland, Korea, Norway, Poland, Singapore and Spain.

Blog post: Tax challenges from digitalisation: A global two-pillar solution could increase tax revenues and support economic activity

This blog post summarises the main findings of the Economic Impact Assessment of the proposals carried out by the OECD Secretariat. This is an ‘ex ante’ assessment, which relies on a number of illustrative assumptions on proposal design and parameters, without prejudice to the final decisions of the Inclusive Framework.

Webinar: Economic Impact Assessment of the Pillar One and Pillar Two proposals

We will host a live webinar with experts from the OECD's Centre for Tax Policy and Administration and Economics Department to present the methodology and estimates of the impact assessment.

CPD Events

PROFESSIONAL INSIGHT

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”).

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.

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.

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.

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.

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.

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...

Higher estate and gift tax limits for 2020: Time to act is now

This increase is temporary and will sunset on December 31, 2025.

IRS and global tax enforcers expand war on cryptocurrency fraud: Latest developments increase arsenal

Tax authorities, both domestic and abroad, have been continuously building an arsenal of tools and experts to monitor and audit crypto transactions.

Tax News In The Press

Mboweni Admits R70 Billion IMF Loan 'Could Be Used for Salary Payments' for ANC Cadres

[DA] Minister of Finance, Tito Mboweni, appears to have abandoned the position he took in his February budget presentation to rationalise the unsustainable public wage bill, and is now willing to use debt to finance salary payments to government employees.

DA
Statement On Tito Mboweni's Appointment of Ranjeni Munusamy

[DA] Finance Minister Tito Mboweni is the primary custodian and guardian of the integrity of the National Treasury. He should always act in a manner that sets the example to the rest of government in probity, clean government and ethical standards.

DA
Rocketing - Electricity Prices Up 177 Percent in a Decade - Water Costs Up 213 Percent

[Daily Maverick] The sky-high cost of electricity, water, rates and taxes drives inflation and can stamp out green shoots of economic recovery, suggests research by the SA Reserve Bank.

Daily Maverick
Deadline Looms for Filing Returns At SARS Branches

[SAnews.gov.za] Individual taxpayers, who wish to file their personal income tax return at a South African Revenue Service, branch have until Thursday to do so.

SAnews.gov.za
MEC David Maynier Tables Western Cape Pero and Mero

[Govt of SA] Today (20 October 2020), Western Cape Minister of Finance and Economic Opportunities, David Maynier, tabled the Western Cape Provincial Economic Review and Outlook 2020 (PERO) and the Municipal Economic Review and Outlook 2020 (MERO) in the provincial parliament in the Western Cape.

Govt of SA
MEC David Maynier - Tabling of the Provincial Economic Review and Outlook and Municipal Review and Outlook

[Govt of SA] Speech by David Maynier, Minister of Finance and Economic Opportunities, Tabling of the Provincial Economic Review and Outlook (PERO) and the Municipal Review and Outlook (MERO), Western Cape Provincial Legislature,

Govt of SA