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SAIT Trending Topics

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

IN12 Recoupment assets deceased estate 4 March 2021
General Note 26 Deductibility Administration Costs archived 3 March 2021
General Note 14 (Issue 2) Housing Loans Guarantees archived 3 March 2021

TAX CASES

ABC (Pty) Ltd v Commissioner for the South African Revenue Service (IT 14305) [2021] ZATC 1 (7 January 2021)
ABC Limited v Comissioner for the South African Revenue Service (14302) [2020] ZATC 18 (31 August 2020)
X v Commissioner for the South African Revenue Service; Y v Commissioner for the South African Revenue Service (IT 24502; IT 24503) [2020] ZATC 16 (12 November 2020)

Legislative & Policy
(National Treasury & Parliament)

44048 31-12 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 AIDS HELPLINE: 0800-0123-22 Prevention is the cure Government Gazette

...

Esna Mostert
44031_24-12 NatGovernmen

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

...

Ivy Botopela
3134 27-11 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

...

Rentia Janse Van Niewenhuizen

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

​14 August 2020



Next due date for comments :

SARS
​21 August 2020 New!



Next due date for comments :

SARS
​31 August 2020 New!



Next due date for comments :

SARS

International and Regional News
(OECD and ATAF)

Croatia and Malaysia deposit their instrument of ratification for the Multilateral BEPS Convention

Croatia and Malaysia deposited their instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (Multilateral Convention or MLI), which now covers over 1700 bilateral tax treaties, thus underlining their strong commitment to prevent the abuse of tax treaties and BEPS by multinational enterprises. For Croatia and Malaysia, the MLI will enter into force on 1 June 2021.

Podcast: Tax in a digital world: Why new international rules matter for everyone

The OECD has been leading international talks to address the tax challenges arising from the digitalisation of the economy, and is aiming towards a landmark agreement on new tax rules in 2021. Grace Perez-Navarro, Deputy Director of the OECD Centre for Tax Policy and Administration, explains the issues.

Leading tax administrations release details of the ICAP multilateral tax risk assurance programme to provide early certainty for tax administrations and MNEs

Today, the OECD Forum on Tax Administration (FTA) released a new handbook for the International Compliance Assurance Programme, which for the first time is being run as a full programme open to all FTA member tax administrations.

CPD Events

PROFESSIONAL INSIGHT

Canada to increase carbon taxes by 566%

The Canadian federal government recently announced that the carbon tax will increase from its current $30 per tonne of greenhouse gas (GHG) emissions to $170 per tonne in 2030 – an increase of 566% over 10 years.

Real Estate Focus: November 2020

In this edition, we take a look at a Supreme Court decision on the enforceability of a restrictive covenant; real estate tax developments; the latest on “right to rent” checks; and the meaning of “vacant possession”.

Machine versus the tax man: AI inventors and the research tax credit

On July 29, 2019, the U.S. Patent and Trademark Office received two patent applications: one for a light beacon that flashes in a unique manner to attract attention, and the other for a beverage container based on fractal geometry.

Luxembourg Government publishes 2021 Budget bill

Increased taxation of the domestic real estate funds market and extended access to employees incentive plans (while maintaining standard corporate tax and progressive income tax rates) are among changes introduced in the Luxembourg Government’s 2021 Budget bill n°7666 (the “2021 Budget”).

Global Tax Outlook 2020: The changing face of tax

Brussels, 5 October 2020 – Across the globe, tax leaders face unprecedented change and transition, as they respond to pressures both internal and external to the business. Businesses are facing key challenges in relation to their tax affairs and evolving the focus of their activity.

Lindy Steyn
Global Tax Outlook 2020 : The Changing Face of Tax

Brussels, 5 October 2020 – Across the globe, tax leaders face unprecedented change and transition, as they respond to pressures both internal and external to the business. Businesses are facing key challenges in relation to their tax affairs and evolving the focus of their activity.

Lindy Steyn
UNEXPECTED TAX RELIEF FOR EXPATRIATES “STUCK” IN SOUTH AFRICA

South African expatriates who were unable to leave South Africa on account of the lockdown will be relieved to learn that the requirements of the foreign employment exemption (Section10(1)(o)(ii)) will be relaxed. On 13 October 2020, National Treasury and SARS published their draft Response Document on the latest tax Bills, wherein the unexpected proposal was made to reduce the number of days expatriates have to be outside South Africa to qualify for the exemption.

Tax – Do not overlook this critical component in an international restructuring solution

Uncertainty has gripped 2020 with financial pressures being felt by a wide range of businesses.

Joint ventures and tax considerations

As with most corporate transactions, tax is a key component in determining the ultimate structure and operation of a joint venture.

Tax News In The Press

Alleged Income Tax Fraudster Arrested

[SAPS] An alleged tax evader, Neliswa Tantsi (49) was arrested on Wednesday, 24 February 2021 by the East London based Hawks' Serious Commercial Crime Investigation team for allegedly defrauding the South African Revenue Services (SARS).

SAPS
R217 Billion Allocated for Economic Growth Programmes

[SAnews.gov.za] A total R217 billion will be spent over the next three-years on ambitious economic development programmes aimed at promoting faster and sustained inclusive economic growth, National Treasury said on Wednesday.

SAnews.gov.za
Failure to Spend Budgets to Come Under the Spotlight

[SAnews.gov.za] From 2021, expenditure failure accountability is expected to take centre stage as the National Treasury is set to review provincial infrastructure sector funding policies.

SAnews.gov.za
R9 Billion Cash Injection for Covid-19 Vaccine Programme

[SAnews.gov.za] In support of government's quest to inoculate 67 percent of the South African population, the National Treasury will inject an amount of R9 billion to the country's COVID-19 vaccination programme.

SAnews.gov.za
High Uptake for Covid-19 Excise, Provisional Tax Deferrals

[SAnews.gov.za] There has been a higher than expected uptake of tax deferral measures for provisional tax, excise duties that were aimed at providing relief after the COVID-19 pandemic slowed economic activity.

SAnews.gov.za
Government Moves to Stabilise Debt As Budget Deficit Doubles

[SAnews.gov.za] Government's fiscal strategy over the next three years will be to narrow the deficit and stabilise the debt-to-GDP ratio, the National Treasury said on Wednesday.

SAnews.gov.za