Home

SAIT Trending Topics

TaxTalk digital magazine

Please note that due to lockdown regulations on printing and distribution services, TaxTalk has stopped production of its print magazine until further notice. Members and subscribers will continue to receive the bimonthly magazine in digital format. Click here to access the latest edition.  

 

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

Notice R876 GG43608 Rule 19A.11 deferral period iro payments of Excise duties - 11 August 2020
SARSTC VAT 1712 (VAT) [2020] (Johannesburg) (29 April 2020) (Supply)
SARSTC VAT 1712 (VAT) [2020] (Johannesburg) (29 April 2020) (Fringe Benefit)

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)

MonthlyIndexJune2020

Government Gazette

National Separate Gazettehttp://www.gpwonline.co.za/Gazettes/Gazettes/MonthlyIndexJune2020.pdf
-
265KB

Ursula Vercueil
43451 19-06 NatTreasury

2019): Regulations under 19(b) of the Carbon Tax Act for purposes of Section 10 for

affect the ability of the carbon tax to address the climate change

assigned, and -"Carbon Tax Act ", means the Carbon Tax Act, 2019 (Act No. 15 of

...

Ursula Vercueil
2019/20 Municipal Budget Information : Third Quarter Financial Results as at 31 March 2020
Treasury

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

​31 August 2020 New!



Next due date for comments :

SARS
​18 September 2020



Next due date for comments :

SARS
​15 June 2020



Next due date for comments :

SARS

International and Regional News
(OECD and ATAF)

New challenges and opportunities for tax administrations emerge in supporting wider government responses to COVID-19 crisis

Tax administrations around the globe are taking on new responsibilities to support wider government actions to help address the impacts of the COVID-19 pandemic and support their taxpayers and citizens.

Global Forum Secretariat delivers new toolkit to help countries become Party to the Convention on Mutual Administrative Assistance in Tax Matters

The rapid spread of exchange of financial information (EOI) between countries over the past ten years has led to much increased transparency in tax matters. Today as yesterday, international co-operation is critical in combating tax evasion and helping domestic revenue mobilisation. Regrettably, many developing countries have not yet benefitted from these developments and are still struggling to enforce their tax legislations.

Blog post: Exchange of tax information: a butterfly effect on domestic resource mobilisation

One small change can make a big difference in the fight against illicit financial flows.

CPD Events

PROFESSIONAL INSIGHT

IMPORTANT COURT WIN FOR SMALL BUSINESS OWNER AGAINST SARS

The Pretoria High Court granted on 14 July 2020, a small business owner, on an urgent basis relief against the South African Revenue Service (SARS) who depleted the taxpayer’s bank account without following due process. The court ordered SARS to set aside the third appointment of Absa who collected R1.3m on behalf of SARS from the taxpayer’s bank account in terms of Section 179 of the Tax Administration Act (TAA).

The Court further ordered SARS to repay the amount collected from the...

WHEN SARS UNLAWFULLY HELP THEMSELVES TO YOUR BANK BALANCE

Everybody knows SARS is under collection pressure and they have grown rather fond of appointing 3rd parties, such as banks, to recover outstanding tax debts directly, which leaves taxpayers stunned. This is a quick and effective debt recovery measure, but the question is what about the legality of such appointment?

These appointments may result in taxpayers suffering severe financial hardship, but worse still, it appears taxpayers have very limited options to find redress...

Norton Rose Fulbright advises HealthEZ on all aspects of its sale to Abry Partners

Norton Rose Fulbright advised HealthEZ on all corporate, healthcare, regulatory, benefits, antitrust, real estate and tax matters for this complex transaction.

TAX OMBUD REPORT RAISES QUESTIONS ON EFFECTIVE USE OF SARS RESOURCES

On 23 June 2020, Judge Bernard Ngoepe released the Tax Ombud’s long-awaited second report on the investigation on systemic issues at SARS. The report, which is probably the Ombud’s best to date, will be immensely insightful to the SARS Commissioner, but equally concerning. Informed by an impressive massive amount of data, the report reveals just how much resources SARS pours into the administration of tax disputes, without getting much bang for its buck.

Debt restructuring: International tax considerations

The increasingly unpredictable economic landscape has created uncertainty and distress for businesses across a broad range of sectors and markets.

INSIGHT: Resolving federal tax disputes in bankruptcy

Taxpayers facing potential bankruptcy proceedings should plan ahead.

Managing multinational companies from a tax perspective: Practical lessons

Where a company is taxed matters

FIVE MISCONCEPTIONS ABOUT DOUBLE TAX AGREEMENT RELIEF

If a South African expatriate had to describe the year 2020 in one word, “uncertainty” would no doubt rank as one of the most appropriate. Even before the world was hauled into turmoil by the COVID-19 pandemic, South African expatriates were already faced with the many unknowns that would be ushered in by the “expat tax” era.

The situation is exacerbated by the fact that taxpayers have unimpeded access to quick and easy tax advice peddled by “experts” on social media. Worse yet, these...

Real Estate Focus: June 2020

In this edition we take a look at coronavirus-related developments; the UK’s largest solar farm; real estate tax issues; and two timely reminders.

Tax News In The Press

National Treasury Halts Emergency Procurement of PPE

[SAnews.gov.za] National Treasury Director-General Dondo Mogajane says an instruction will be issued to government departments across all spheres to halt the emergency procurement of personal protective equipment (PPE) as the State tightens the lid against corruption.

SAnews.gov.za
20200731 Media statement - Publication of the 2020 Draft Tax Bills and accompanying documents
2020 Draft Tax Administration Laws Amendment Bill - 31 July 2020
DA Welcomes Minister Ntshavheni's Commitment to Long-Overdue Small Enterprise Ombudsman

[DA] The Democratic Alliance (DA) welcomes the Minister of Small Business Development, Khumbudzo Ntshavheni's reaffirmation to her commitment, first made over a year ago, to table a Small Enterprise Ombudsman Services Bill in Parliament, in her budget speech before the National Council of Provinces (NCOP) on Tuesday.

DA
IMF Loan Payback - It's the Economy, Stupid

[Daily Maverick] While the terms of repayment of the R70-billion International Monetary Fund loan to South Africa are generous - an interest rate of 1.1% - exchange rate fluctuations are unpredictable. And as long as much of the economy is in partial lockdown, the tax base continues to shrink, and with it the ability to pay back the money.

Daily Maverick
Dirty Tobacco - How the Cigarette Ban Backfired

[Daily Maverick] What is more profitable than cocaine, heroin, marijuana or guns? Illegally trafficked cigarettes. For decades reputable tobacco companies have been complicit in cigarette smuggling. In a gripping Daily Maverick webinar, former SARS lawyer Telita Snyckers and Scorpio journalist Pauli van Wyk discussed the spies, lies and mega-profits of dirty tobacco.

Daily Maverick