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

Notice 741 GG 43495 Notice to submit returns 2020 - 3 July 2020
Notice R745 GG43496 Environmental Levy Account for Carbon Tax Insertion of forms Item 202.00 - 3 July 2020
DA 180 – Environmental Levy Account for Carbon Tax

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)

Media Statement: Update on the stakeholder workshops on Export Taxes on Scrap Metals; and Taxation and Regulation of Electronic Cigarettes

National Treasury issued media statements in March inviting stakeholders to workshops on the proposal to introduce Export Taxes on Scrap Metals, and the Taxation and Regulation of Electronic Cigarettes, respectively.

Treasury
Media Statement: Treasury Instruction No. 08 of 2019/2020 Emergency Procurement in response to National State of Disaster
Treasury
Treasury Instruction No. 08 of 2019/2020 Emergency Procurement in response to National State of Disaster
Treasury

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

​30 March 2020



Next due date for comments :

SARS
​31 March 2020



Next due date for comments :

SARS
​​30 April 2020



Next due date for comments :

SARS

International and Regional News
(OECD and ATAF)

Kazakhstan deposits its instrument of ratification for the Multilateral BEPS Convention

Today, Kazakhstan deposited its instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS) with the OECD's Secretary-General, therewith underlining its strong commitment to prevent the abuse of tax treaties and BEPS by multinational enterprises. For Kazakhstan, the MLI enters into force on 1 October 2020.

Brochure: Tax Database 2020 Update

Comparative information on a range of tax rates and statistics in the OECD member countries, and corporate tax statistics and effective tax rates for inclusive framework countries, covering personal income tax rates and social security contributions applying to labour income; corporate tax rates and statistics, effective tax rates; tax rates on consumption; and environmental taxes.

OECD Taxation Working Paper: Carbon pricing design: Effectiveness, efficiency and feasibility

Carbon pricing helps countries steer their economies towards and along a carbon-neutral growth path. This paper considers how the design of carbon pricing instruments affects their effectiveness, efficiency and feasibility.

CPD Events

PROFESSIONAL INSIGHT

Australia: COVID-19: Legal update for landlords and tenants - Land Tax Relief

Most States in Australia have announced land tax relief measures to support landlords and tenants through the COVID-19 crisis.

Deloitte Africa Tax & Legal Directors recognised in the 2019 edition of the Guide to the World’s Leading Transfer Pricing Advisers 
Deloitte
Deloitte Africa Tax & Legal female directors recognised as amongst world’s leading tax advisors in the 2020 Women in Tax Leaders Guide
Deloitte
Deloitte Medium-Term Budget Policy Statement (MTBPS) Commentary 2019

Building an inclusive economy - Perspectives on the 2019 Medium-Term Budget Policy Statement

Deloitte
How are businesses managing their operational response?

Given the scale of the crisis, many businesses and sectors will require government support in various forms including potentially crisis loans, state guarantees and tax waivers or deferrals.

Tax measures for Canadians and businesses: Pandemic economic response plan

The Canadian Department of Finance and the Prime Minister announced a number of significant economic measures to assist taxpayers in managing the economic and financial consequences of COVID-19.

Taking stock: Tax equity, debt and M&A

Join a discussion among a group of key market participants for an update on current conditions.

UK Budget 2020: Chancellor sets out plans for public spending and taxation

On March 11, 2020, Chancellor of the Exchequer Rishi Sunak announced the UK Budget 2020, setting out HM Treasury’s (HMT) plans for public spending and taxes for the coming year.

Global tax authorities are non-cryptic about increasing scrutiny in cryptocurrency industry; the Tax Man is here and he means business

This article highlights recent developments in the cryptocurrency arena and offers suggestions for institutions and individuals to minimize their respective risks and exposure.

Tax News In The Press

SA Debt Levels to Surge, but Tito Mboweni Vows to 'Close the Mouth of the Hippopotamus'

[Daily Maverick] South Africa's debt levels will surge during 2020 as the economy contracts over 7% in the face of the Covid-19 pandemic, said Finance Minister Tito Mboweni in his supplemental Budget speech on Wednesday, 24 June. But he vowed to avoid a sovereign debt crisis, which he pointedly warned was looming on the horizon.

Budget Share Revised

[SAnews.gov.za] The National Treasury has revised the 2020 Budget national share from R758 billion to R790 billion, Finance Minister Tito Mboweni has revealed while delivering his Supplementary Budget on Wednesday.

R21.5 Billion Set Aside for COVID-19 Health, Frontline Services

[SAnews.gov.za] National Treasury has set aside R21.5 billion for COVID‐19‐related healthcare spending for health and frontline services, as government continues to treat and contain the spread of the pandemic.

Memorandum of Objects of the Disaster Management Tax Relief Administration Bill 2020
Disaster Management Tax Relief Administration Bill 12 of 2020 introduced 24 June 2020
Disaster Management Tax Relief Bill 11 of 2020 introduced 24 June 2020