Tax

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 »

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 »

31 October 2022 The R19.70 billion preliminary trade balance surplus for September 2022 is attributable to exports of R191.56 billion and imports of R171.86 billion. However, on a year-on-year basis, the R19.70 billion preliminary trade balance surplus for September 2022 was a deterioration from the R21.82 billion trade balance surplus recorded in September 2021. Look …

Trade Statistics for September 2022 Read More »

31 October 2022 The latest scam is a ‘PayFast’ SMS asking unsuspecting taxpayers to click on a link to receive a payment from SARS. Please ignore and do not click on any links. For an example of the scam click here. To see all currently known scams, visit our Scams and Phishing webpage here. Read the SARS …

Latest scam Read More »

31 October 2022 The draft Interpretation Note provides guidance on the interpretation and application of section 12Q, which provides for an exemption from normal tax, capital gains tax, dividends tax and withholding tax on interest for an international shipping company meeting the requirements of the section. Section 12Q provides exemption of income in respect of …

Draft Interpretation Note for comment – exemption of income of ships used in international shipping Read More »

31 October 2022 This binding general ruling sets out the circumstances and conditions under which a supplier need not issue a credit note and the input tax consequences for the recipient vendor when a rounding difference occurs because of a cash transaction. Send your comments to policycomments@sars.gov.za by 2 December 2022. Read the binding general …

Draft Binding General Ruling VAT treatment of rounding difference in cash transactions Read More »