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SAIT Trending Topics

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

DA 180.01A.1 - Fuel Combustion (Stationary) - External (Form)
DA 180 - Environmental Levy Account for Carbon Tax - External (Form)
DA 180.02 - Carbon Tax Allowances - External (Form)

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)

43252 30-04 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

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Monthly Inex March

MonthlyInexMarch

Monthly Gazette Index

National Government Gazettehttp://www.gpwonline.co.za/Gazettes/Gazettes/MonthlyInexMarch.pdf
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300KB

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3102 03-4 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

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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)

International community continues making progress against offshore tax evasion

The international community continues making tremendous progress in the fight against offshore tax evasion, as implementation of innovative transparency standards by the Global Forum on Transparency and Exchange of Information for Tax Purposes moves countries ever closer to the goal of eradicating banking secrecy for tax purposes.

The Platform for Collaboration on Tax invites public comments on the draft Toolkit on Tax Treaty Negotiations

The Platform for Collaboration on Tax (PCT) – a joint initiative of the IMF, OECD, UN and World Bank Group – is seeking feedback from the public on a draft toolkit designed to help developing countries build capacity in tax treaty negotiations.

Significant progress made in fighting tax evasion and illicit financial flows in Africa, but further efforts needed to support domestic revenue mobilisation

Tax Transparency in Africa 2020, launched today as part of the Africa Initiative, depicts the state of play for 32 African Union Member States, members of the Initiative and three non-members. It shows the progress achieved on the two cornerstones of the Initiative: (i) raising political awareness and commitment, and (ii) developing capacities in tax transparency and exchange of information (EOI).

CPD Events

PROFESSIONAL INSIGHT

NOL carrybacks and tax refunds: Congress delivers manna from heaven; will the IRS take it away?

A panel will discuss the dangers of claiming tax benefits and potential mitigation strategies, including the use of tax insurance.

Tax equity and carbon sequestration

Join a live update to talk through the various structuring options and where there are still unanswered questions.

The Organisation for Economic co-operation and Development is Cleaning The Globe

Looking at global statistics and for those following international news, it appears South Africans can be grateful for not being hit as hard as other countries by Covid-19; yet. In saying that, South Africa is unlike the United States and countries in Europe that are better equipped to shield its subjects from the ramifications of the pandemic, even if these countries face a much higher infection rate at this stage.

 

The questions on the minds of many are how our health and...

Reabetswe Moloi, Tax Attorney at Tax Consulting South Africa
COVID-19 issues affecting asset and fund managers – tax considerations

COVID-19 issues affecting asset and fund managers – tax considerations

State of the tax equity market

Join a panel of tax equity investors as they discuss the state of the market.

Peter Greensill Family Co Pty Ltd (trustee) v Commissioner of Taxation [2020] FCA 559

The recent Federal Court decision in Greensill creates significant issues for non-resident beneficiaries of Australian discretionary trusts, by imposing capital gains tax on trustees distributing capital gains to non-residents, even if the gains relate to assets which are not taxable Australian property.

US advises Flotek on its eight-figure acquisition of JP3 Measurement

A US team of Norton Rose Fulbright corporate, M&A and tax lawyers advised Flotek Industries, Inc. (Flotek) on its US$34.4 million acquisition of JP3 Measurement, LLC (JP3), a privately held leading data and analytics technology company, in a cash-and-stock transaction.

DAC 6 reporting for finance parties: a Q&A

DAC 6 is a new EU reporting regime targeted at tax-motivated arrangements but framed much more widely

The UK’s digital services tax: what’s new

With effect from 1 April 2020, the UK now has a digital services tax (DST), joining France and Italy which already have in place broadly similar taxes.

Tax News In The Press

'Get On With It' - Mboweni On Post-COVID-19 Lockdown Opportunities

[Daily Maverick] Inheritance tax, solidarity tax and wealth tax all are under discussion ahead of the February 2021 Budget, but nothing's concluded, according to Finance Minister Tito Mboweni. Instead, on Monday's call hosted by Absa, he urged everyone to 'just get out and get on with it' -- to support entrepreneurs and do things differently.

South Africa's New Budget Cushions the Coronavirus Blow - but Only Briefly

[The Conversation Africa] The adjustment budget tabled by South Africa's finance minister, Tito Mboweni, this week is less an adjustment than a new budget. That was necessitated by three things: a collapse in economic activity, a large decline in tax revenue collection, and the need to increase the money allocated to departments and programmes linked to the government's COVID-19 response.

R100 Billion Set Aside to Respond to COVID-19 Jobs Challenge

[SAnews.gov.za] Finance Minister Tito Mboweni says the National Treasury has set aside R100 billion to support government's response to job creation.

Treasury Expects a R300 Billion Tax Revenue Shortfall

[SAnews.gov.za] Finance Minister Tito Mboweni says government expects to miss its tax revenue target by over R300 billion this year.

Projects Postponed, Funds Redirected to COVID-19

[SAnews.gov.za] In preparing the 2020 Supplementary Budget, National Treasury and national departments have conceded that certain projects and programmes will have to be postponed from the 2020/21 financial year.

Text of Minister Tito Mboweni's 2020 Supplementary Budget Speech

[Govt of SA] Supplementary Budget Speech by Tito Titus Mboweni, MP Minister of Finance