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SAIT Trending Topics

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

BCR076 Cancellation of units in foreign collective investment schemes
BPR 355 Accrual of pension payments to a resident from a foreign pension fund
BPR 356 Preference share – hybrid equity instrument and third-party backed share

TAX CASES

XYZ CC v Commissioner of the South Africa Revenue Service (IT14157) [2019] ZATC 6 (7 November 2019)
ABC Company v Commissioner of the South African Revenue Services (14106) [2019] ZATC 7 (31 January 2019)
Taxpayer v Commissioner for the South African Revenue Services (13798; 13931; 14294) [2019] ZATC 5 (17 September 2019)

Legislative & Policy
(National Treasury & Parliament)

3120 21-08 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

...

Ursula Vercueil
Media statement: MFMA Exemption Notice
Treasury
Government Gazette 43582 Local Government: Municipal Finance Management Act, 2003: Exemption from Act
Treasury

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

​21 August 2020 New!



Next due date for comments :

SARS
​31 August 2020 New!



Next due date for comments :

SARS
​15 June 2020



Next due date for comments :

SARS

International and Regional News
(OECD and ATAF)

Blog post: Tax support for Philanthropy: striking the right balance

By Pascal Saint-Amans, Director, OECD Centre for Tax Policy and Administration, and Henry Peter, Head, Geneva Centre for Philanthropy

OECD to Release new report on Taxation and Philanthropy on Thursday, 26 November 2020

Philanthropy plays an important role in most countries, providing private support to a range of activities for the public good. The work of philanthropic organisations is especially evident in the current context of the COVID-19 crisis.

OECD delivers on tackling harmful tax practices, as a further set of preferential tax regimes are dismantled or tightened (BEPS Action 5)

Jurisdictions continue making progress in countering harmful tax practices, as contemplated in the BEPS Action 5 minimum standard, with the Inclusive Framework on BEPS now having approved the outcomes of the 2020 reviews by the OECD Forum on Harmful Tax Practices.

CPD Events

PROFESSIONAL INSIGHT

Withdrawing retirement funds and emigration: The 3-year rule - Money-Marketing

Reading Time: 3 minutes
Joon Chong
by Joon Chong, Partner & Wesley Grimm, Associate at Webber Wentzel
The National Treasury published the ...

Webber Wentzel News
The cost of corona: SA will need R3.4trn to recover - The Citizen

Tax under collection, subdued economic growth, tax dodgers and the growth of the illicit economy are all contributing factors that will ...

Webber Wentzel News
Fast Growth Tech Company

Our team of leading technology, corporate M&A, financing and tax lawyers will be delivering a five-part series, which will provide guidance on the multitude of issues and factors that need to be considered in the funding and M&A of rapidly growing technology companies.

The limited discoverability of tax returns

Thomas Hall and Judith Archer indicate that the New York Commercial Division continues to exercise great caution to avoid unnecessary disclosure of tax returns.

Alberta expands TIER regulation to reduce scope of federal carbon taxes

Alberta’s Technology Innovation and Emissions Reduction Regulation (TIER) has been amended to allow more industrial facilities to voluntarily opt in to Alberta’s carbon emission reduction regime and not be subject to federal carbon taxes.

Global criminal tax enforcement in the cryptocurrency industry; the Tax Man means business

A panel will cover obstacles faced by the crypto industry and provide guidance on staying current with tax obligations to avoid civil and criminal exposure.

Taking tax to the cloud

Why leading businesses are putting tax at the center of their ERP cloud migration

Deloitte
Finding opportunity in the midst of uncertainty

Seventh annual global survey on the OECD’s Base Erosion and Profit Shifting (BEPS) initiative and the next wave of Global Tax Reset

Deloitte
A COVID-19 response for tax and legal leaders

As the pandemic sends shockwaves through the global economy,

navigate uncertainty with clarity, confidence, and insight.

Deloitte

Tax News In The Press

12 November 2020 - Time running out for online tax return filers
12 November 2020 - SARS will discontinue the use of cheques
Subsidies for South Africa's Minibus Taxis Must Prioritise Needs of Passengers - and Cities

[The Conversation Africa] South Africa's transport minister, Fikile Mbalula, has confirmed his commitment to implement a new subsidy for the country's minibus taxi sector. For the first time, he also provided a timeline for the proposal, promising to work with the national treasury and the taxi sector to put the subsidy in place by April 2021.

The Conversation Africa
National Treasury Takes a Strong Stand On the Appointment Process of the New Financial Regulator

[Daily Maverick] The National Treasury filed opposing legal documents last week against Open Secrets and the Unpaid Benefits Campaign's application to stop the appointment of the most senior officials of the Financial Services Conduct Authority until a more transparent process has been designed and disclosed. Over the weekend, the advocacy group and its campaign representatives have returned the favour, while the country has to settle for another interim regulator to hold the fort for the...

Daily Maverick
11 November 2020 - SARS wins court case involving illegal fuel imports
Rebuilding the SA Revenue Service, Pillar By Pillar

[Daily Maverick] SARS Commissioner Edward Kieswetter believes the service can find 'tens of billions' in new revenue, if not more. This is over and above the revenue that will come from raising our taxes - the finance minister has pencilled in an additional R5-billion in tax increases in the next financial year and a total of R40-billion over the next four years.

Daily Maverick