Third Party Data Annual Submissions
1 March 2022 – The SARS Third Party Data Annual Submissions process for the period 1 March 2021 – 28 February 2022 opens on 01 April 2022 and will close on 31 May 2022. For more information, please visit the Third Party Data Submission Platform webpage.
Applying for a Financial Year End (FYE) change – Corporate Income Tax (ITR14) return
1 March 2022 – Taxpayers can apply for a Financial Year End (FYE) change of their Corporate Income Tax (ITR14) return. The webpage, Keeping my business details up to date, provides the relevant steps for different types of companies.
Legal Counsel – Preparation of Legislation – Bills
28 February 2022 – National Legislation 2022 Draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill (amended 25 February 2022)
Employment Tax Incentive (ETI) Values from 1 March 2022
4 March 2022 – Minister of Finance announced an increase in the ETI values which came effective 1 March 2022. This information was published in the draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill of 23 February 2022. For more information see the Employment Tax Incentive webpage.
Invitation to the Excise Duties Webinar
4 March 2022 – SARS invites you to our Excise Duties Webinar on 10 March 2022, which aims to give Small, Micro, and Medium Enterprises (SMMEs) knowledge on the indirect tax imposed on the consumption of selected goods. Excise duties are imposed mostly on high-volume daily consumable products (e.g. petroleum products, alcohol and tobacco products) […]
Legal Counsel – Preparation of Legislation – Draft Documents for Public Comment
3 March 2022 – Customs & Excise Act, 1964 and Value Added Tax Act, 1991: The draft amendments are proposed to the Customs and Excise Act and Value Added Tax Act as follows: Draft Schedule amendment Substitution of rebate items 406.02, 406.02/00.00/01.00, 406.03, 406.03/00.00/01.00, 406.04, 406.04/00.00/01.00, 406.05, 406.05/00.00/01.00, 406.07 and 406.07/00.00/01.00 in Part 1 of Schedule No. 4; […]
Legal Counsel – Secondary Legislation – Tariff Amendments 2022
3 March 2022 – Customs & Excise Act, 1964: The tariff amendment notices, scheduled for publication in the Government Gazette, relates to the amendment to – Provisional payment in relation to anti-dumping duties against the alleged dumping of frozen bone-in portions of fowls of the species Gallus Domesticus, classifiable under tariff subheading 0207.14.9, originating in or imported […]
Media Release: Scrap metal exporter found guilty of lying to Customs
3 March 2022 – A Cape Town-based export company and its director were found guilty of mis-declaring a consignment of scrap metal in order to avoid paying the recently introduced export duties on scrap metal. The company, Scrapmania, and its director, Joseph Daniel Hurling, pleaded guilty on a charge of making a false declaration to Customs […]
Scams
3 March 2022 – Beware of the latest scams that are sent to taxpayers via email and SMS: Statement of Account, Tax refunds and Letter of summons. To see more examples of scams, please visit the Scams and Phishing webpage.
Customs Weekly List of Unentered Goods
1 March 2022 – Customs Weekly List of Unentered Goods
