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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...

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 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

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)

Making tax dispute resolution more effective: New peer review assessments for Australia, Ireland, Israel, Japan, Malta, Mexico, New Zealand and Portugal

Despite the significant disruption caused by the COVID-19 pandemic and the necessity to hold all meetings virtually, work has continued with the release today of the stage 2 peer review monitoring reports for Australia, Ireland, Israel, Japan, Malta, Mexico, New Zealand and Portugal.

Database: Country tax measures during the COVID-19 pandemic

Latest data on tax measures taken by governments so far in response to the COVID-19 pandemic.

OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors (Italy, April 2021)

Reports on the latest developments in the international tax agenda. Outlines new reports on: tax measures introduced in response to COVID-19 (OECD); and tax policy and climate change (IMF/OECD). Provides an update on G20 tax deliverables including tax transparency, BEPS implementation, supporting developing countries, tax certainty and addressing tax evasion. Overviews ongoing work to address tax challenges arising from digitalisation.

CPD Events

PROFESSIONAL INSIGHT

Tax Alerts, Highlights and Newsletters

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Deloitte
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.

Tax News In The Press

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
Notice R328 GG44428 Rules under sections 54AA and 120 Carbon tax environmental levy account 9 April 2021
South African Companies Scramble to Comply With the New Carbon Tax

[Daily Maverick] Companies emit more greenhouse gases than they should because they can. South Africa's new(ish) carbon tax system puts a price on carbon that will hopefully bring emissions down.

Daily Maverick