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SAIT Trending Topics

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

GN 305 GG43384 Notice of expiration of ITAC VAT Rebate 412.11 certificate - 3 June 2020
SARSTC 13950 (ADM) [2020] (Johannesburg) (24 February 2020)
SARSTC VAT 1626 (VAT) [2020] (Johannesburg) (3 March 2020)

TAX CASES

XYC CC v Commissioner for the South African Revenue Service (IT14434/2019) [2019] ZATC 10 (28 June 2019)
ABC Proprietary Limited v Commissioner for the South African Revenue Services (14287) [2019] ZATC 9 (12 June 2019)
XYZ CC v Commissioner for the South African Revenue Service (13868) [2019] ZATC 8 (27 February 2019)

Legislative & Policy
(National Treasury & Parliament)

Advisory: National Treasury sets up COVID-19 Email Address

National Treasury has set up an email address

Treasury
Media Statement: Update on the stakeholder workshops on Export Taxes on Scrap Metals; and Taxation and Regulation of Electronic Cigarettes

National Treasury issued media statements in March inviting stakeholders to workshops on the proposal to introduce Export Taxes on Scrap Metals, and the Taxation and Regulation of Electronic Cigarettes, respectively.

Treasury
Media Statement: Treasury Instruction No. 08 of 2019/2020 Emergency Procurement in response to National State of Disaster
Treasury

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

​30 March 2020



Next due date for comments :

SARS
​31 March 2020



Next due date for comments :

SARS
​​30 April 2020



Next due date for comments :

SARS

International and Regional News
(OECD and ATAF)

In Tax, Gender Blind is not Gender Neutral: why tax policy responses to COVID-19 must consider women

Women are at the core of the fight against the COVID-19 crisis: they make up the vast majority of healthcare workers and shoulder much of the childcare and home schooling burden during lockdowns. And while tax policy measures play a crucial role in supporting individuals and businesses as we navigate this crisis, the gender impact of taxation is often overlooked – with serious consequences for gender equality.

Early restoration planning by tax administrations key to support individual and business taxpayers towards economic recovery from COVID-19 pandemic

Recovery from the profound impacts of the COVID-19 pandemic on people’s lives, jobs, businesses and the wider economy is likely to be lengthy, challenging and multifaceted, with tax administrations playing a critical role in restoration planning, according to a new OECD report.

Czech Republic and Korea deposit their instrument of ratification for the Multilateral BEPS Convention

Today, the Czech Republic and Korea deposited their instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS) with the OECD’s Secretary-General, therewith underlining its strong commitment to prevent the abuse of tax treaties and BEPS by multinational enterprises. The MLI enters into force for both countries on 1 September 2020.

CPD Events

PROFESSIONAL INSIGHT

Australia: COVID-19: Legal update for landlords and tenants - Land Tax Relief

Most States in Australia have announced land tax relief measures to support landlords and tenants through the COVID-19 crisis.

Deloitte Medium-Term Budget Policy Statement (MTBPS) Commentary 2019

Building an inclusive economy - Perspectives on the 2019 Medium-Term Budget Policy Statement

Deloitte
Deloitte Africa Tax & Legal Directors recognised in the 2019 edition of the Guide to the World’s Leading Transfer Pricing Advisers 
Deloitte
Deloitte Africa Tax & Legal female directors recognised as amongst world’s leading tax advisors in the 2020 Women in Tax Leaders Guide
Deloitte
How are businesses managing their operational response?

Given the scale of the crisis, many businesses and sectors will require government support in various forms including potentially crisis loans, state guarantees and tax waivers or deferrals.

Tax measures for Canadians and businesses: Pandemic economic response plan

The Canadian Department of Finance and the Prime Minister announced a number of significant economic measures to assist taxpayers in managing the economic and financial consequences of COVID-19.

Taking stock: Tax equity, debt and M&A

Join a discussion among a group of key market participants for an update on current conditions.

UK Budget 2020: Chancellor sets out plans for public spending and taxation

On March 11, 2020, Chancellor of the Exchequer Rishi Sunak announced the UK Budget 2020, setting out HM Treasury’s (HMT) plans for public spending and taxes for the coming year.

Global tax authorities are non-cryptic about increasing scrutiny in cryptocurrency industry; the Tax Man is here and he means business

This article highlights recent developments in the cryptocurrency arena and offers suggestions for institutions and individuals to minimize their respective risks and exposure.

Tax News In The Press

2020031001 Media Advisory Accreditation Process Publication of the proposal on export taxes on scrap metal
20200409 Media Statement - Extension of deadlines for public comments on specific 2020 Tax proposals
Draft Explanatory Memorandum on the Revised Draft Disaster Management Tax Relief Bill - 19 May 2020
Seven SARS Employees Test Positive for COVID-19

[SAnews.gov.za] Seven South African Revenue Service (SARS) employees have tested positive for COVID-19.

19 May 2020 - Media statement by SARS commissioner Edward Kieswetter
SARS Staff Donate R711 000 to Solidarity Fund

[SAnews.gov.za] Over 400 employees of the South African Revenue Service (SARS) have donated part of their salaries to the Solidary Fund as part of efforts to fight COVID-19.