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

Draft Disaster Management Tax Relief Bill - 1 April 2020
20200401 Media statement - Publication of COVID-19 Draft Tax Bills for public comment
IN99 (Issue 2) - Unclaimed benefits 11 October 2019

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)

Treasury Instruction No. 08 of 2019/2020 Emergency Procurement in response to National State of Disaster
Treasury
Media Statement - New Submission Date : Consultation on a discussion paper
Treasury
43075 6-3 LegalA

AIDS HELPLINE: 0800-0123-22 Prevention is the cure Government Gazette Staatskoerant REPUBLIC OF SOUTH AFRICA REPUBLIEK VAN SUID-AFRIKA LEGAL NOTICES WETLIKE KENNISGEWINGS AN.B. The Government Printing Works will not be held responsible for the quality of “Hard Copies

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Ivy Botopela

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

​​​30 April 2020 New!



Next due date for comments :

SARS
​29 May 2020



Next due date for comments :

SARS
​​29 May 2020



Next due date for comments :

SARS

International and Regional News
(OECD and ATAF)

The economy has changes, so must the tax

In our modern world, companies are finding it all too easy to game the international tax system to their advantage . It is increasingly incumbent on the global community to create an updated framework to ensure tax certainty and support international trade and investment.

Tackling the coronavirus: OECD Forum on Tax Administration publishes actions that tax administrations are currently taking to support taxpayers

In the light of the worsening global impacts of Covid-19 on individual taxpayers, businesses and the wider economy, the OECD Forum on Tax Administration (FTA) has today published a global reference document setting out actions that FTA tax administrations are currently taking to support taxpayers.

OECD releases second peer review report on preventing treaty shopping (BEPS Action 6)

Progress continues with the implementation of the BEPS package, as the OECD releases the second peer review assessing countries’ efforts to implement the Action 6 minimum standard as agreed under the OECD/G20 BEPS Project.

CPD Events

PROFESSIONAL INSIGHT

South Africa’s National Budget Speech 2020: A fiscal surprise

South Africa’s Minister of Finance Tito Mboweni delivered a surprising budget for 2020/21 before Parliament today by opting not to increase tax rates, highlighting the fact that in the current economic environment, substantial increases are likely to be ineffective.

Real Estate Focus: February 2020

In this edition we take a look at a new lease code, property tax changes, a case on private nuisance and the mandatory requirement for biodiversity net gain in the Environment Bill.

Cost of capital: 2020 Outlook

Join a group of project finance industry veterans about what to expect in the year ahead for tax equity, bank and term loan B debt and project bonds.

Update on grandfathering problems for venture capital companies

In our recent newsflash we commented on the new deduction limits for investors in venture capital companies (VCCs), as included in the Taxation Laws Amendment Bill (TLAB) released on 30 October 2019. 

The maximum deduction claimed by an investor in terms of section 12J of the Income Tax Act, may not exceed ZAR 5 million for a company, and ZAR 2.5 million for any person...

Case notes: Insurance Premium Tax on cross-border M&A insurance: ECJ decision on location of risk

The Court of Justice of the European Union (CJEU) has delivered its decision in A Ltd, a case concerning the location of insured risk, and therefore which jurisdiction can charge IPT, on cross-border M&A insurance policies.

Tax controversy survey: Procedures and issues for selected countries

Tax controversy lawyers with Norton Rose Fulbright around the globe have prepared a sixth annual survey of certain tax controversy procedures and issues.

IRS launches new enforcement campaign on section 965 transition tax
How the ignorance and lack of knowledge of VAT vendors are affecting the poor, and everyone else

With the increase in the VAT rate from 14% to 15% on 1 April 2018 came great concern regarding the impact thereof on low-income households. The argument is that VAT is a regressive tax and that by increasing the VAT rate the poor are hit even harder than before. Although higher-income households pay more VAT in Rand value with a rate increase, they are still better off than the low-income households as the proportion of their income spent on VAT is less than that of the low-income households...

Anculien Schoeman
Norton Rose Fulbright Luxembourg welcomes new tax partner

Tax lawyer Florent Trouiller has joined Norton Rose Fulbright's Luxembourg office as a partner.

Tax News In The Press

20200401 Media statement - Publication of COVID-19 Draft Tax Bills for public comment
R2.4 Billion SARS Refunds to Lockdown-Hit SMMEs, Businesses

[SAnews.gov.za] The South African Revenue Service (SARS) has paid out R2.4 billion to taxpayers in refunds since the commencement of the COVID-19 enforced lockdown on 26 March.

30 March 2020 - SARS pays R2.4 billion in refunds during lockdown
Minister Tito Mboweni Announces Tax Measures to Combat Coronavirus Covid-19 Pandemic

[Govt of SA] Tax measures to combat the COVID-19 pandemic

Treasury Announces COVID-19 Tax Measures

[SAnews.gov.za] Finance Minister Tito Mboweni on Sunday announced exceptional tax measures to counter the impact of the Coronavirus (COVID-19) pandemic.

26 March 2020 - SARS makes special arrangements for lockdown