Invitation to a webinar on Trust Tax Compliance
26 February 2024 – The South African Revenue Service (SARS) will be hosting a webinar on Trust and Tax Compliance to help Trust taxpayers fulfil their tax obligations and remain tax compliant. Pursuant to our strategic objectives of providing clarity and certainty and making it easy for taxpayers to comply with their tax obligations, the webinar […]
Tax Directive system enhancements implemented (February 2024)
26 February 2024 — SARS has enhanced the Tax Directives system in line with legislative and system requirements. The following changes to the Tax Directives process will affect external stakeholders: Taxation of local and foreign income will now cater for South African citizens who earned income both locally and abroad in one Year of Assessment, […]
Legal Counsel – Secondary Legislation – Income Tax Notices 2024
22 February 2024 – Income Tax Act, 1962: The income tax notice, scheduled for publication in the Government Gazette, relates to – fixing the rate per kilometre in respect of motor vehicles – section 8(1)(b)(ii) and (iii). Publication details will follow in due course
Legal Counsel – Interpretation and Rulings – Published Binding Rulings – Binding Class Rulings (BCRs) 81–100
22 February 2024 – Income Tax Act, 1962 Binding Class Ruling 088 – En commandite partners investing in solar assets
Latest Tax Practitioner Connect Newsletter is available
22 February 2024 – The latest Tax Practitioner Connect Newsletter Issue 49 is available. This issue includes information on the solar energy tax credit, recognition of controlling bodies, registration of tax practitioners, VAT enhancements for estimated assessments and local assets at market value declared on the ITR12 return.
eFiling platform upgrade on 23 February 2024
22 February 2024 – Achieving our Vision 2024 of a smart, modern SARS with unquestionable integrity that is trusted and admired is of paramount importance. Pivotal to the delivery of our vision are our digital platforms and technology infrastructure. To provide clarity and certainty, make it easy for taxpayers and traders to comply with their […]
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 – 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 – 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 – Preparation of Legislation – Explanatory Memoranda
21 February 2024 – National Legislation Explanatory Memorandum on the Taxation Laws Amendment Bill, 2023