Legal Counsel – Preparation of Legislation – Draft Documents for Public Comment
21 February 2024 – National Legislation: 2024 Draft Tax Bills and Draft Global Minimum Tax Bills Draft Revenue Laws Amendment Bill, 2024 Draft Explanatory Memorandum RLAB Draft Global Minimum Tax Bill, 2024 Draft Explanatory Memorandum on Global Minimum Tax Bill Global Minimum Tax Administration Bill, 2024 Due date for comment: 31 March 2024
Legal Counsel – Preparation of Legislation – Explanatory Memoranda
21 February 2024 – National Legislation Explanatory Memorandum on the Taxation Laws Amendment Bill, 2023
Legal Counsel – Preparation of Legislation – Response Documents
21 February 2024 – National Legislation Final Response Document – 2023 Draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill, 2023 Draft Taxation Laws Amendment Bill and 2023 Draft Tax Administration Laws Amendment Bill
Legal Counsel – Secondary Legislation – Tariff Amendments 2024
21 February 2024 – National Legislation Taxation Proposals as tabled by the Minister of Finance in his Budget Review 2024 at 14:27
Legal Counsel – Secondary Legislation – Income Tax Notices 2024
21 February 2024 – Income Tax Act, 1962: The income tax notices, scheduled for publication in the Government Gazette, relate to the – determination of the daily amount in respect of meals and incidental costs for purposes of section 8(1)(c)(ii) (overnight allowance); and determination of the daily amount in respect of meals and incidental costs for […]
Media release – SARS is committed to supporting fiscal consolidation though improved tax administration
21 February 2024 – The Commissioner for the South African Revenue Service (SARS), Mr Edward Kieswetter, reaffirmed the organisation’s commitment to supporting Finance Minister Mr Enoch Godongwana’s strategy for fiscal consolidation over the medium term. “A well-functioning tax administration within a growing economy is the most sustainable path towards improving the country’s fiscal integrity,” said […]
Tax Directives changes and enhancements
21 February 2024 – SARS plans to introduce enhancements to the Tax Directives system on Friday, 23 February 2024, in line with the IBIR-006 Tax Directives Interface Specification Version 6.601. The following enhancements will be introduced: Taxation of local and foreign income, which will cater for South African citizens who earned income both locally and […]
Alert: Latest scam called Assessment of Tax Obligations Preventive Actions
21 February 2024 – Beware of the latest scam appearing to be an email from SARS with the subject title ‘SARS tax review’. Inside the email is a QR code (Quick Response code), don’t scan it or point your mobile device camera at it. See the assessment of tax obligations scam example here. For the […]
