Eszter Rapanos

CSARS and Another v Richards Bay Coal Terminal (Pty) Ltd (1299/2021) [2023] ZASCA 39 (31 March 2023)   Customs and Excise Act 91 of 1964 – taxpayer not confined to the remedy of a wide appeal under s 47(9)(e) – can also review a tariff determination under the Promotion of Administrative Justice Act 3 of …

Supreme Court ruled that taxpayer Has the right to challenge a tariff determination in terms of the Customs and Excise Act 91 of 1964 (the CEA) Read More »

The Minister of Finance announced in the 2022 Budget on 23 February 2022 that excise duty on vaping tobacco products would be introduced. Nicotine and nicotine-substitute solutions in vaping products will be included in the tax net with a flat excise duty rate of R2.90/ml from 1 June 2023. The forms DA260 Excise Account for …

Excise Duty Payable on Vaping Tobacco products from 1 June 2023 Read More »

3 April 2023   Due to changes in the repo rate the rate at which interest free or low interest loans are subject to income tax was changed from 8.25% to 8.75% on 3 April 2023.   You can find Table 3 here.

March 31, 2023 Two tariff amendment notices were published, R3234 and R3235, related to the Customs and Excise Act, 1964, in Government Gazettes 48344 and 48345.  Notice R3234 brings an amendment is being made to Part 2 of Schedule No. 4, which deals with customs and excise tariffs. The amendment involves the substitution of a …

Customs tariff and rule amendment notices Read More »

31 March 2023   South Africa’s preliminary trade balance surplus for February 2023 is R16.1 billion, with R154.3 billion in exports and R138.2 billion in imports.   However, the year-to-date trade balance deficit for January and February 2023 is R6.6 billion, compared to a R17.1 billion surplus for the same period last year.   In …

Trade Statistics for February 2023 Read More »

CSARS v Grand Azania (Pty) Limited   SARS launched a liquidation application against Grand Azania in July 2021 based on section 344 of the Companies Act. This section provides that a company may be wound up if it cannot pay its debts. SARS launched a liquidation application claiming that Grand Azania owes SARS and cannot …

High Court Judgments on whether a company should be wound up, depreciation allowance, finance charges and understatement penalty Read More »

25 March 2023   Tax Administration Act, 2011, and Employment Tax Incentive Act, 2013.   1.  IT45935 Regarding the Procedure – determining good cause in the interest of justice and whether good cause was established not to grant the appellant the default judgment it sought.   Procedure: Interlocutory application – whether statement delivered by the …

Tax Court Judgments Read More »

30 March 2023   The Draft Guide   Draft guide to the Employment Tax Incentive (Issue 5) and Interpretation Note are published for comment.   The draft Guide includes the amendments to the definition of “employee”, “monthly remuneration” and section 6 (qualifying employees) introduced by the Taxation Laws Amendment Act 20 of 2021.  These amendments …

Comment on draft Guide and Interpretation Note on ETI Read More »