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TaxTalk Jan/Feb edition is out

 TaxTalk's first issue of 2021 is available. Download your copy of the special Incentives Issue here.  

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)

Amendment to VAT Notice No. R.369 of Government Gazette No. 44473
Amendment to rules under sections 21, 60, 119A and 120
GG.44700 R.502

TAX CASES

D v Commissioner for the South African Revenue Service (24720) [2020] ZATC 22 (27 May 2020)
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)

Legislative & Policy
(National Treasury & Parliament)

Draft Amendments to the Carbon Offsets Regulations

Amendments to the Carbon Offset Regulations prescribing carbon offsetting in terms of section 19( c) of the Carbon Tax Act (Act No 15 of 2019), are hereby published for comment.

44386 01-04 LegalA

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

...

Esna Mostert
44229 05-03 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

requirements (e.g. have a valid tax clearance certificate and be in

...

Rentia Janse Van Niewenhuizen

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

Draft Binding General Ruling

Date for comment: 3 September 2021

Draft interpretation note – Deduction of medical lump sum payments

Due date: 28 May 2021

List of Qualifying Physical Impairment or Disability Expenses (Draft for Public Comment)

Due date: 31 May 2021

International and Regional News
(OECD and ATAF)

Blog post: How tax reform can promote growth and gender equality in the post-COVID era

At this unusual economic time, governments should consider how specific tax policies and practices could promote gender equality. Read the latest blog post from the Platform for Collaboration on Tax partners (IMF, OECD, UN, WBG).

Public comments received on proposed changes to Commentaries in the OECD Model Tax Convention on Article 9 and on related articles

On 29 March 2021, as part of the ongoing work of the OECD/G20 Inclusive Framework on BEPS, the OECD secretariat invited public comments on proposed changes to the commentaries on Article 9 and related articles of the OECD Model Tax Convention. The OECD is grateful to commentators for their input and now publishes the comments received.

New report highlights crucial role of tax transparency and exchange of information in helping African governments stem illicit financial flows and increase domestic resource mobilisation

African tax administrations adapted swiftly to challenging circumstances in 2020 and managed to advance the tax transparency agenda on the continent. Members of the Africa Initiative expanded their EOI networks and the amount of exchange of information requests they sent increased more than thirteenfold since the start of the Initiative in 2014. For the first time, African countries sent more requests than they received.

CPD Events

PROFESSIONAL INSIGHT

MTBPS 2020: Minister of Finance expected to deliver pragmatic budget  
Deloitte
Deloitte School of Tax & Legal

Infusing Tax Technical Skills

Deloitte
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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).

Tax News In The Press

Employers Urged to Comply With Filing Season Deadline

[SAnews.gov.za] The South African Revenue Service (SARS) has called on employers to comply with their legal obligations regarding the annual Employers Filing Season by the deadline of 31 May to avoid penalties, interest and/or criminal charges.

SAnews.gov.za
Minister Tito Mboweni Appoints Ombud Council Board and Chief Ombud for the Council

[Govt of SA] Minister of Finance appoints Ombud Council Board Members

Govt of SA
Tax Practitioners Sentenced for VAT Infringments

[SAnews.gov.za] The South African Revenue Services has welcomed a two-year sentence the Bloemfontein Regional Court has handed to a tax practitioner charged with 24 non-compliance offences.

SAnews.gov.za
Taxing Taxis - It's High Time the Minibus Sector Renders Unto Caesar What Is Caesar's

[Daily Maverick] Minister of Finance Tito Mboweni recently reported that despite generating an annual revenue of about R90-billion, the SA Revenue Service only manages to collect a minuscule R5-million in annual corporate income tax from the taxi operators. Tax authorities should be mindful of not treating the taxi industry with kid gloves.

Daily Maverick
Minister Barbara Creecy - Forestry, Fisheries and the Environment Dept Budget Vote 2021/22

[Govt of SA] Minister of Forestry, Fisheries and the Environment, Ms Barbara Creecy, Delivers Budget Speech to National Assembly

Govt of SA
SARS Notes Legal Action Taken By Organised Labour

[SAnews.gov.za] The South African Revenue Service (SARS) has noted the Public Servants Association's (PSA), decision to opt for the legal route in an effort to find a solution to the matter of salary increase between the union and the revenue service.

SAnews.gov.za