Eszter Rapanos

17 October 2022 Engine powered tractors as per Tariff Heading 8701.91 – 8701.95 are required to have a Letter of Authority from NRCS (NRCS Act No 5 of 2008). For more information you can visit the Customs website here.

17 October 2022 New SARS publication: Frequently Asked Questions (FAQs) on the application of Binding General Ruling (BGR) 40 and 41. What is BGR 40 and BGR 41? Binding General Ruling (BGR) 40 confirms that non-executive directors (NEDs) are not common law employees and that no control or supervision is exercised by the company concerned, …

FAQ publication: Treatment of remuneration paid to Non-Executive Directors Read More »

This is a very important notification for Tax practitioners with regards to the updating of eFiling security details of your clients.  Tax Practitioners are not allowed to update eFiling Security Contact Details on behalf of Taxpayers irrespective of the Tax type. The eFiling security contact details may only be updated by the Taxpayer him/herself.  Please …

SARS Notice: eFiling security contact details should be updated by the taxpayers only Read More »

SARS will host a virtual Webinar for employers, where the Employer Interim Declarations (EMP 501) Filing Season will be discussed. The following topics will be covered: Submission channels General rules for import file structure Validation rules updates EMP501 reconciliation process Webinar details: Theme:  Employer Interim Reconciliation Declarations Filing SeasonDate: Thursday, 20 October 2022Time: 17:00 – …

SARS Webinar on Employer Interim Reconciliation Declarations Filing Season Read More »

Section 11D of the Income Tax Act Section 11D(1) of the ITA sets out a definition for “research and development” that determines eligibility for the R&D tax incentive. Currently, the wording “scientific or technological” is only found in the title of the section and in one of the paragraphs of the definition, even though the …

SARS proposes refinements to the research and development tax incentive Read More »

CSARS v Airports Company for South Africa (Case no 785/2021) The objection of Airports Company for SA against an additional assessment issued by SARS was rejected. In the objection the taxpayer was seeking clemency based on Uniform rule 28(1) to amend the objection that it had previously lodged. The rule states that: ‘[a]ny party desiring …

Supreme Court of Appeal rejects the taxpayer’s request to amend the objection that it had previously lodged Read More »

5 October 2022 The 2021/2022 guide can now be accessed here.

10 October 2022 If you want to make a virtual booking, you can do it in ANY branch/region. It doesn’t not have to be where you reside. When you have selected a branch under ‘Preferred Branch’ and the system returns a message ‘The selected Province or Branch do not have available appointment slots….‘ then please …

Book your SARS virtual appointment in any branch or region Read More »

If you are a Tax Practitioner registered with SAIBA, you can read our new EMP501 guides: SARS Easyfile: How to Update Two Ways Easyfile SARS Easyfile: ADOBE ISSUES SARS Easyfile: EASYFILE VIEWER SARS Easyfile: How to Download Easyfile How to view the guides: To view the EMP501 Guides visit https://saiba.academy Navigate to: My Dashboard / …

New SAIBA EMP501 Tax Guides Read More »

BPR 379: Effects on the date of issue of a share arising from a change in the redemption features BPR 380: Transfer of shares in resident company to non-resident holding company BPR 381: Beneficial ownership in respect of back-to-back share transfers BPR 382: Rebate in respect of foreign taxes What is a Binding Private Ruling? …

SARS Binding Private Rulings 379-382 issued: Read More »