Home

SAIT Trending Topics

TaxTalk Nov/Dec edition is out

TaxTalk's final issue of 2020 is available. Download your copy of the special Incentives Issue here.

Concise Guide to Carbon Tax

A concise and practical guide to Carbon Tax including applicable legislation, regulations, SARS Rules and forms

This publication contains an insightful analysis of the Carbon Tax Act and related Regulations. Most importantly, it demystifies the administration of the carbon tax as an environmental levy under the Customs and Excise Act. It does this by explaining how to derive and calculate a carbon tax liability; and, by providing practical guidance on the management and submission of...

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

ANNEXURE DA 185.4A11

REGISTRATION CLIENT TYPE 4A11 – SPECIAL ECONOMIC ZONE (SEZ) AND/OR DESIGNATION OF A CUSTOMS CONTROLLED AREA (CCA) – SECTIONS 21A, 59 AND RULE 21A.04)

CUSTOMS AND EXCISE ACT, 1964 AMENDMENT OF RULES (DAR 211)

Under sections 59A, 60 and 120 of the Customs and Excise Act, 1964, the rules published in Government Notice R.1874 of 8 December 1995 are amended to the extent set out in the Schedule hereto with effect from 23 April 2021.

ANNEXURE DA 185.4A20

TAX CASES

CBA (Pty) Ltd v Commissioner for the South African Revenue Service (24674) [2020] ZATC 21 (25 November 2020)
Black Mountain Mining (Pty) Ltd v Commissioner for the South African Revenue Service (IT24578) [2021] ZATC 2 (27 January 2021)
ABC (Pty) Ltd v Commissioner for the South African Revenue Service (0037/2019) [2020] ZATC 20 (1 June 2020)

Legislative & Policy
(National Treasury & Parliament)

Media Statement and 2021 Draft Tax Bills and Regulations for Public comment
Treasury
Budget 2021 Lock-Up Logistics
Treasury
Minister of Finance's Opposing Affidavit (CC)
Treasury

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

​1 October 2020



Next due date for comments :

SARS
​8 October 2020 New!



Next due date for comments :

SARS
​11 August 2020



Next due date for comments :

SARS

International and Regional News
(OECD and ATAF)

Labour market disruption & COVID-19 support measures contribute to widespread falls in taxes on wages in 2020

The COVID-19 crisis has resulted in the largest decrease in taxes on wages since the global financial crisis of 2008-09, according to a new OECD report.

Tax Inspectors Without Borders and partners pass USD 1 billion milestone in additional tax revenues for developing countries

During the fifth virtual TIWB Governing Board meeting on 27 April 2021, co-chaired by the OECD Secretary-General, Mr. Angel Gurría, and UNDP’s Administrator, Mr. Achim Steiner, participants celebrated the mobilisation of more than USD 1 billion in additional tax revenues for developing countries, with nearly three times that amount in total tax assessments.

Tax revenues in Latin America and the Caribbean rose modestly before being hit hard by the COVID-19 crisis

Tax revenues rose moderately across Latin America and the Caribbean in 2019 before declining sharply in 2020 as the COVID-19 pandemic drove down global economic activity, according to new analysis released today.

CPD Events

PROFESSIONAL INSIGHT

Budget 2021: Can we expect tax increases? - Moneyweb

Joon Chong – Tax Partner, Webber Wentzel

Webber Wentzel News
Nothing very flash about Sars’s eFiling tech - Stuff Magazine

The SA Revenue Service (Sars) has rolled out a dedicated browser that supports Adobe Flash Player, which should allow users to access its ...

Webber Wentzel News
Tax hikes you are likely to see next week – and those you won’t - Cape Business News

Analysts and economists are detailing their predictions for finance minister Tito Mboweni’s budget speech on 24 February, with a particular ...

Webber Wentzel News
Experts call for a 20% sugar tax hike to boost health - The South African

Experts are calling for a 20% hike in sugar tax due to the health sector's ongoing battle with the COVID-19 pandemic.

Webber Wentzel News
BDO publishes World of Private Client Services report
  • Research reveals 71% of respondents feel that wealthy individuals are still moderately or very concerned with privacy and safety risks posed by tax transparency
  • 69% said the need to diversify investment is the driving force behind attitudes to legacy among wealthy families
  • 57% of respondents expect significant or judicious alterations to wealth strategy after the height of COVID-19

In a time of disruption, thoughtful decision-making lies ahead for high net...

Deduction disallowance for fines and penalties and the corresponding reporting requirements

The Internal Revenue Service released the long-awaited final regulations governing the deductibility of fines and similar penalties paid to governmental entities (and certain nongovernmental regulatory entities) under tax code Section 162(f).

Real Estate Focus: January 2021

In this edition we take a look at the Supreme Court’s decision in a test case on business interruption insurance; the latest on VAT and termination payments; significant residential leasehold reforms in the pipeline; and proposals to improve the energy performance of residential property through lenders.

The Netherlands: Corporate tax update 2021

A previously promised reduction of the top corporate income tax rate has been postponed and the top rate remains at 25 per cent. However, the lower tier tax bracket will be reduced to 15 per cent. In addition the lower tier tax bracket will be raised to EUR 245,000 and this will be further extended to EUR 395,000 in 2022.

Impact of Brexit on Tax

Little changed for UK businesses from a tax perspective when the UK left the EU on 31 January 2020.

Tax News In The Press

The Govt's Fuel-Related Levies and Taxes Are Unsustainable

[Daily Maverick] Problems loom when the government applies short-term thinking on state revenue streams, which is evident from incessant increases applied to various taxes, especially those that appear to ignore future challenges that threaten its income.

Daily Maverick
Treasury On Three-Month Extension of the Covid-19 Loan Guarantee Scheme

[Govt of SA] The Loan Guarantee Scheme (LGS) was announced by President Cyril Ramaphosa on 21 April 2020 as part of the Economic Stimulus Package and was designed to support small businesses that were experiencing financial distress as a result of the COVID-19 pandemic. The LGS was launched by the National Treasury, the South African Reserve Bank and the Banking Association South Africa (BASA) on 12 May 2020.

Govt of SA
New Research Shows Levy On Sugar-Sweetened Drinks Is Having an Impact

[The Conversation Africa] Three years ago South Africa introduced Africa's first major tax on sugar-sweetened beverages based on grams of sugar. The tax now stands at about 11% of the price per litre.

The Conversation Africa
Notice R328 GG44428 Rules under Section 54AA and 120 Carbon tax environmental levy account 9 April 2021
DA 180 Environmental Levy Account for Carbon Tax - 9 April 2021
Completion notes to DA 180 Carbon Tax Account - 9 April 2021