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Trade Statistics for June 2023

31 July 2023 – South Africa recorded a preliminary trade balance deficit of R3.5 billion in June 2023, attributable to exports of R167.6 billion and imports of R171.1 billion. See the full Media Release here.

Media release – SARS wins court battle against delinquent taxpayer

SARS wins court battle against delinquent taxpayer Tshwane, 31 July 2023– The Commissioner of the South African Revenue Service (SARS) has welcomed the order handed down on 26 July 2023 by the Kwa-Zulu Natal Local Division, Durban in which the recalcitrant sole member of Tiar Construction CC (in liquidation) (“Tiar Construction”) was ordered to cooperate […]

Legal Counsel – Preparation of Legislation – Draft Documents for Public Comment

31 July 2023 – National Legislation: National Treasury and SARS publish the following documents for public comment: Media Statement – Publication of the 2023 Draft Tax Bills and Regulations 2023 draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill 2023 draft Taxation Laws Amendment Bill Draft Explanatory Memorandum on the 2023 draft TLAB; […]