4 November 2022 Amendment was made to Part 1 of Schedule No. 3, by the substitution of the definition of “value for VAA purposes”, where it appears under “Definitions” in Note 1.2 to rebate item 317.03 – ITAC Minute 11/2021. Part 1C of Schedule No. 6, by the substitution of the descriptions of rebate items …
1 November 2022 SARS is conducting roadshows in the regions to assist traders to onboard onto the electronic Registration, Licensing and Accreditation (RLA) eFiling system. Onboarding to the RLA system will reduce manual processing that would, at times, cause delays. The regional roadshows will provide traders the opportunity to have physical interactions with SARS’ Registration, …
Customs: Update on the RLA roadshows – Free State Read More »
4 November 2022 Topic: Provisional TaxDate: 07 December 2022Time: 10:00 – 12:00Venue: 39 Heystek Street, Damelin Building, RUSTENBURG You can find the latest workshop schedules Here.
4 November 2022 SARS participated in two multilateral meetings in the current week to cement international tax co-operation in Africa and among the BRICS Countries (Brazil, Russia, India, China and South Africa). This was the 10th year the BRICS Tax Authorities met and the first year in which regional and international organisations participated in the …
SARS furthers International Tax Cooperation in Africa and among BRICS countries Read More »
7 November 2022 Beware of scammers who create false social media identities and impersonate employees of SARS. Their goal is to steal your information such as personal, tax, banking and eFiling details like login credentials, passwords, pins, credit/ debit cards. Remember to always use the official and secure SARS service channels available here.
8 November 2022 The proposed rule clarifies the status of the electronic traveler declarations submitted by travelers on a voluntarily basis to participate in the testing of the electronic traveler management system. The pilot phase of the project is set to start at King Shaka International Airport on 29 November 2022, when the electronic declaration …
Piloting new electronic traveler system at King Shaka Airport Read More »
9 November 2022 Form 1 December 2022, SARS will charge administrative penalties relating to the late submission of a tax return when one or more tax return(s) relating to tax years from 2007 up to 2020 are outstanding. Prior to this change, taxpayers were only liable for administrative penalties for late submission if they had …
Taxpayers with one prior tax return outstanding will be charged administrative penalties Read More »
24 October 2022 Proposed International Standard on Auditing 500 (Revised), Audit Evidence, provides a “reference framework” for auditors when making judgments about audit evidence throughout the audit. The current ISA 500 addresses an auditor’s responsibility to design and perform audit procedures to obtain sufficient appropriate evidence to draw reasonable conclusions on which to base the auditor’s opinion. …
IAASB OPENS PUBLIC CONSULTATION FOR REVISED AUDIT EVIDENCE STANDARD Read More »
1 November 2022 At the supplementary board meeting the ISSB voted to confirm that companies will be required to use climate-related scenario analysis to report on climate resilience and to identify climate-related risks and opportunities to support their disclosures. The ISSB also agreed to provide application support to preparers including making use of materials developed by the …
ISSB confirms requirement to use climate-related scenario analysis Read More »
25 October 2022 CIPC is currently experiencing technical difficulties with the associated name reservation service (manual name reservation) and it is receiving urgent attention. Therefore, until further notice, this service is not available to customers. What you need to note: Do not submit any Associated Name Reservations (Form CoR9.1 with proof of association with existing …
CIPC Notice – Manual name reservation service not available Read More »
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