Eszter Rapanos

8 February 2023 The list of the facility codes used in Box 30 on the Customs Clearance Declaration (CCD) has been updated to include the details of the new approved Container Depot in Durban, Afro Persian Shipping (Pty) Ltd. Information and background Durban is one of the busiest ports in Africa, and there are several …

Updated Facility Codes for Customs – Registration, Licensing and Designation Read More »

8 February 2023 This guide will assist you in determining your customs duty implications on imported dutiable goods. It excludes “excisable goods” specified in Part 2 of Schedule 1 imported into or manufactured in South Africa and goods imported through the post and by travelers. Remember: SARS guides do not go into comprehensive technical and …

New Guide on Customs Duty Implication on Imported Goods Read More »

10 February 2023 SARS updated the Clarification document for AEOI (FATCA) Reporting TIN Codes. The purpose of this document is to clarify the application of the supplied codes for the Taxpayer Identification Number (TIN) data fields for FATCA submissions. This version 3 was updated to align with the IRS Notice 2023-11. You can read the updated …

Updated guide on Automatic Exchange of Information (AEOI) Read More »

13 February 2023 Individual provisional taxpayers are required to submit their second provisional tax return (IRP6) before or on 28 February 2023. This is for the tax year 2023, which runs from 1 March 2022 to 28 February 2023. Who is a provisional taxpayer: A provisional taxpayer is any person who receives income or to whom …

Provisional Tax Returns Deadline: 28 February 2023 Read More »

17 February 2023 Part 1 of Schedule No. 1 was amended to include tariff subheadings in Chapter 30, for vaccines used in the Expanded Programme on Immunisation for both national and provincial Departments of Health. You can access the amended Schedule No. 1 here.

14 February 2023 What are Tax Court Rulings? Tax Court Rulings in South Africa are decisions made by the Tax Court, which is a specialized court that hears appeals against tax assessments and other decisions made by the South African Revenue Service (SARS). The Tax Court is a division of the High Court and has …

Tax Court Judgments on the Tax Administration Act Read More »

14 February 2023 To comply with the Financial Action Task Force (FATF) requirements, SARS aims to record all beneficial owners of newly registered Trusts.   The Trust Registration Query tool on SARS Online Query System has been enhanced to allow for the capturing of the beneficial owner’s details. You can access the tool here. For more …

Trust Registration Beneficial Owners Details Read More »

10 February 2023 Binding General Ruling 28 relates to the VAT Act and sets out: What is a Binding General Ruling? Binding General Rulings (BGRs) are a type of official interpretation of tax laws in South Africa. They are issued by the Commissioner of the South African Revenue Service (SARS) and have the force of …

Binding General Rulings (BGR) 28. (VAT Act): Specific Requirements Relating to Credit and Debit Notes, Exchange Rates, and Advertised or Quoted Prices for the supply of electronic services Read More »

Please note that the free webinar offered by SARS has been re-scheduled as follows: Date: Thursday, 16 February 2023Time: 17:00-19:00 Platforms: Zoom and YouTube NOTE: You need to register in advance here. Details of the webinar SARS will host a webinar on Tax Directives to assist taxpayers to comply with their tax obligations. A tax directive is …

Re-scheduled date for sARS webinar on Tax Directives Read More »