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

Final Response Presentation on 2020 Draft Tax Bills 20 January 2021
Media Statement - Publication of the 2020 Tax Acts and Accompanying Documentation 22 January 2021
Duty Exemption on Ships’ Stores Consumed in the Republic

TAX CASES

ABC (Pty) Ltd v Commissioner for the South African Revenue Service (13950) [2020] ZATC 8 (24 February 2020)
ABC Trading CC v Commissioner of the South African Revenue Services (1712) [2020] ZATC 3 (29 April 2020)
ABC (Pty) Ltd v Commissioner for the South African Revenue Service (1626) [2020] ZATC 5 (3 March 2020)

Legislative & Policy
(National Treasury & Parliament)

43875 06-11 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

...

Rentia Janse Van Niewenhuizen
43883 05-11-2020 Disaster Management Tax Relief Act 13 of 2020

ACT To amend the Employment Tax Incentive Act, 2013, so as to amend

certain provisions to provide for tax relief in respect of the

new provision for the tax treatment of certain organisations for

Act No. 57 of 2002); ‘‘Income Tax Act’’ means...

Rentia Janse Van Niewenhuizen
43855 30-10 NationalGovernment

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 AIDS HELPLINE: 0800-0123-22 Prevention is the cure Government Gazette

...

Rentia Janse Van Niewenhuizen

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

​18 September 2020



Next due date for comments :

SARS
​11 August 2020



Next due date for comments :

SARS
​14 August 2020



Next due date for comments :

SARS

International and Regional News
(OECD and ATAF)

11th meeting of the OECD/G20 Inclusive Framework on BEPS

Due to the ongoing health crisis, the 11th plenary meeting of the 137 members of the OECD/G20 Inclusive Framework on BEPS will be held virtually and open to the public, allowing a glimpse into the various international tax-related workstreams undertaken by the Inclusive Framework to date.

Taxing Energy Use for Sustainable Development: Opportunities for energy tax and subsidy reform in selected developing and emerging economies

This report presents results for 15 developing and emerging market economies. The results include data and indicators to support carbon pricing reforms in these 15 countries, and compares their macro-economic and policy context to OECD countries.

OECD/G20 Inclusive Framework on BEPS to meet at plenary level on 27-28 January 2021

The OECD/G20 Inclusive Framework on BEPS will hold its biannual plenary meeting on 27-28 January 2021.

CPD Events

PROFESSIONAL INSIGHT

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.

The “CCO”

It is now three years since the corporate criminal offences of failing to prevent facilitation of UK and foreign tax evasion came into effect.

Want to withdraw retirement funds on emigration? Try again in three years - Channelwise

The National Treasury published the Draft Taxation Laws Amendment Bill, 2020 (Draft Tax Bill) for public comment.
By Joon Chong, partner, ...

Webber Wentzel News
Want to withdraw retirement funds on emigration? National Treasury and SARS say try again in 3 years - Business Tech

The National Treasury published the Draft Taxation Laws Amendment Bill, 2020 (Draft Tax Bill) for public comment.

One of the more ...

Webber Wentzel News

Tax News In The Press

Vaccine Tax Hike Underscores Treasury's Limited Options - Sin Taxes Should Be On the Table

[Daily Maverick] National Treasury Director-General Dondo Mogajane has said tax hikes may be used to fund the Covid vaccine rollout. Other options are on the table but the tax talk underscores the limited avenues that can be taken. Against the backdrop of prohibition, a hike in sin taxes should also be considered.

Daily Maverick
Higher Education Dept Puts U.S.$4.7 Million Into Covid-19 Research, Vaccine Development

[Daily Maverick] The Department of Higher Education has invested more than R68m into Covid-19 research and vaccine development. A further R25m has been allocated to the KwaZulu-Natal Research Innovation and Sequencing Platform (Krisp) to combat SARS-CoV-2 variants.

Daily Maverick
18 January 2021 - SARS addresses Adobe termination
Will Vaccines Eradicate SARS-CoV-2?

[GroundUp] In the early days of the Covid-19 pandemic, many doctors, researchers, journalists and public health officials spent considerable energy describing how the SARS-CoV-2 virus was not "just another flu" but something far more deadly and debilitating.

GroundUp
Advance Tax Rulings System (Invitation for Comment)
15 January 2021 - Former SARS Customs officer sentenced to an effective six years for corruption