Legal Counsel – Secondary Legislation – Tariff Amendments 2023
14 December 2023 – Customs and Excise Act, 1964: Publication details for tariff amendment notices R4191 and R4192, as published in Government Gazette 49862 of 14 December 2023, are now available.
Legal Counsel – Secondary Legislation – Tariff Amendments 2023
13 December 2023 – Customs and Excise Act, 1964: The tariff amendment notices, scheduled for publication in the Government Gazette, relate to the amendments to – Part 1 of Schedule No. 1, by the substitution of various subheadings under Chapter 72, in order to increase the rate of customs duty on certain coated or plated flat-rolled […]
SARS Kariega office is closed
13 December 2023 – The Kariega (Uitenhage) branch office is offline until further notice. Taxpayers are encouraged to make an appointment to visit the nearest branches, i.e. Gqeberha Office.
Customs Weekly List of Unentered Goods
12 December 2023 – Customs Weekly List of Unentered Goods
Legal Counsel – Interpretation and Rulings – Binding Private Rulings 381–400
12 December 2023 – Income Tax Act Binding Private Ruling 399 – Asset-for-share transaction and replacement asset
Legal Counsel – Preparation of Legislation – Draft Documents for Public Comment
11 December 2023 – Customs and Excise Act, 1964 Draft amendments to rules (and related forms) under sections 21, 60 and 120 – Fuel levy goods Due date for comment: 12 January 2024
VAT enhancements for estimated assessments
11 December 2023 – The estimated assessment functionality has now been implemented for VAT. If a vendor does not provide the relevant material requested by SARS during the VAT verification process, SARS may raise an estimated assessment in terms of section 95(1)(c) of the Tax Administration Act. Please note the following regarding estimated assessments: The […]
Local Assets at Market Value Declared on the ITR12 Return
11 December 2023 – As from the 2023 year of assessment, taxpayers are required to complete the section for “Local Assets (at Market Value)” on the Individual Income Tax Return (ITR12) if the value of their local assets is in excess of R50 million. Many taxpayers have contacted SARS seeking clarity on whether the asset […]
Customs – New channel for Refunds and Drawbacks
8 December 2023 – The drawback claims can now also be submitted using the EDI channel. The channel is currently available for Customs only. The SC-CF-55-A09 – Customs Status Response Messages – External Annexure has been updated to include the new Customs response messages (CUSRES) for the drawbacks using the EDI channel. The refunds and […]
Customs & Excise – Automation of Registration Licensing and Accreditation for AEOs
8 December 2023 – Section 64E has been updated to enable Customs registrants or licensees to submit their application for accreditation electronically. The existing manual processes have been automated on the Customs Operational Portal. All applications for the Authorised Economic Operator (AEO) programme must be done using the new automated process after 8 December 2023. Benefits […]
