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TaxTalk May/June edition is out

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

Tax Chronicles issue 33

The latest issue of the Tax Chronicles issue 33 is out. Download your copy here. 

Tax Chronicles issue 32

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

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

Verify your Tax Compliance Status
Supporting documents for family emigrating
Customs & Excise Act, 1964: Tariff amendment notices R523 and R524

TAX CASES

B v Commissioner for the South African Revenue Service (13395) [2021] ZATC 5 (23 April 2021)
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)

Legislative & Policy
(National Treasury & Parliament)

44681 04-06 Legal A Separate (1)

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

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

...

Rentia Janse Van Niewenhuizen
Media Advisory: National Treasury’s Budget Vote Speech
Treasury
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.

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

Draft amendments

Due date for comment: 31 July 202

Draft Binding General Ruling

Date for comment: 31 July 2021

Draft Public Notice

Due date for comment: 25 June 2021

International and Regional News
(OECD and ATAF)

Heads of tax crime investigation welcome new OECD report on fighting tax crimes

At their meeting today, heads of tax crime investigation from 44 countries welcomed the launch of a new edition of the groundbreaking global reference guide setting out the ten core requirements for jurisdictions to be able to effectively tackle tax crime while ensuring that taxpayers' rights are respected.

Webinar: The Role of Taxation in Achieving Gender Equality

Experts from Platform for Collaboration on Tax Partners (IMF, OECD, UN and World Bank), governments, think tanks, academia, and civil society will discuss how tax policy and tax and customs administrations can affect gender equality, especially in the context of the COVID-19 pandemic, explore advances in data collection and methodology and delve into the possibility of incorporating gender equality initiatives in tax reforms.

Statement from OECD Secretary-General Mathias Cormann on the outcome of the G7 Finance Ministers’ Meeting

OECD Secretary-General Mathias Cormann welcomed today’s ground-breaking agreement by G7 Finance Ministers on key elements of international tax reform designed to address the tax challenges of the digitalisation and the globalisation of the economy.

CPD Events

PROFESSIONAL INSIGHT

Guidance for Resilient Tax Leaders in 2021

Connect to the future

Deloitte
Euromoney’s global 2020 Tax Experts Guide recognises Deloitte Africa Tax & Legal professionals 
Deloitte
Deloitte tax@hand

Global News. Local Views

Deloitte
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
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

National Treasury On Local Government Revenue and Expenditure Report for the Third Quarter of the 2020/21 Financial Year

[Govt of SA] National Treasury has released the local government revenue and expenditure report for the third quarter of the 2020/21 financial year. This report covers the performance against the adjusted budgets of local government for the third quarter of the municipal financial year ending on 31 March 2021 and includes spending against conditional grant allocations for the same period.

Govt of SA
What's Gone Wrong With Government's Tender Website?

[GroundUp] When trying to make sense of a story that involved a newly-issued tender, we became frustrated when we found that the tender and its award -- which we knew had been issued -- were not available on the National Treasury's tender website.

GroundUp
Coming Soon to a Car Dealership Near You - Anyone for a Tax-Dodging Electric Bakkie?

[Daily Maverick] Right, hold tight, this is a mouthful. The 'Joint Statement issued at the conclusion of the 30th BASIC Ministerial Meeting on Climate Change hosted by India on 8th April 2021' is not exactly a cracking read, but point number 19 is rather interesting. In it, the BASIC countries' environment ministers 'expressed grave concern regarding the proposal for introducing trade barriers, such as unilateral carbon border adjustment, that are discriminatory and against the principles of...

Daily Maverick
'Sniper Attack' - Inside the Western Cape Trial of a Potentially Variant-Proof Vaccine

[Daily Maverick] An experimental Covid-19 vaccine currently in Phase I trials run by the University of Cape Town has a unique design that might offer better protection against current and future variants of the SARS-CoV-2 virus. Here we provide an update on the trial and unpack the science behind this vaccine candidate.

Daily Maverick
MEC Motlalepula Rosho - North West Treasury Prov Budget Vote 2021/22

[Govt of SA] The Provincial Treasury Departmental Budget Speech presented by MEC For Finance, Motlalepula Rosho at the North West Provincial Legislature On 3rd June 2021

Govt of SA
Govt Cash Balances Increase in May

[SAnews.gov.za] During the month of May 2021, net domestic short-term loans decreased by R6 661 million, says the National Treasury.

SAnews.gov.za