28 October 2022 This ruling deals with the tax consequences relating to the cession of the applicant’s loan account to a special trust. The applicant in this ruling is incapacitated. The co-applicant is a special trust that formerly served as a family trust for the benefit of the applicant, his spouse, and children. It was …
29 October 2022 Third Party Data Returns due include the associated data files and correlating declarations [Data Types: IT3(b), IT3(c), IT3(s), MED, INS]. Submissions are not complete until declarations are submitted via eFiling that ensures your data files are reconciled via the respective Third Party Data Returns. Third Party Data Providers are urged to make …
Last day to submit annual Third Party Data Returns: 31 October 2022 Read More »
26 October 2022 The General Laws Anti-Money Laundering and Combating Terrorism Financing) Bill aims to strengthen South Africa’s legislative framework to fight against money laundering and terrorist financing. It proposed amendments to the following laws: Trust Property Control Act, 1988: Minister of Justice and Correctional Services Nonprofit Organisations Act, 1997: Minister of Social Development Financial …
SAIBA submission on the General Laws Amendment Bill Read More »
24 October 2022 Updated schedules for November and December are available at the SARS Pretoria CBD branch. You can download the latest schedule here.
18 October 2022 The guide examines: the tax consequences of holding shares as trading stock compared to holding them as capital assets; how to distinguish between profits of a capital and revenue nature using common law principles and statutory rules; the determination of a taxpayer’s liability for capital gains tax; how dividends are taxed; and …
24 October 2022 The November 2022 Mobile Tax Unit Schedules for Northern Cape and Free State are now available here.
25 October 2022 The latest scam via email is purporting to be from SARS, masking as a SARS notice with a link to a ‘court order’ – please ignore and do not click on any links. To see more on current scams visit the Scams and Phishing page here.
The due date for landlords and property owners is less than 2 months to obtain and display Energy Performance Certificates (EPC). The due date to comply with is 7 December 2022. EPCs are now mandatory for private, non-residential, non-industrial buildings with a total net floor area of over 2000sqm, and government buildings of over 1000sqm. Section 19(1)(b) of the …
Mandatory Energy Performance Certificates Deadline for Buildings Read More »
Today, SAIBA submitted a request to SARS to extend IRT 12 deadlines from 24 October with 21 days. This request was based on the facts of a challenging filing season from starting with the industrial strike action to Eskom’s load shedding. Understanding that this is not a request one should make lightly, we are hoping …
SAIBA’s REQUEST TO EXTEND THE DEADLINES FOR SUBMITTING ITR 12 RETURNS Read More »
Business Insider SA | Luke Daniel 18 October 2022 A new online travel declaration form is due to be introduced by the South African Revenue Service (SARS) at Johannesburg’s OR Tambo International Airport on 1 November. But nobody, including government, knows how it will work. By SARS’ own description, this new travel pass, to be …
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