Tax

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 …

SARS wants to introduce a new travel pass next month – and nobody knows how it will work Read More »

12 October 2022 SARS has introduced a workaround to ensure that Trusts formed through a single Will that had been issued the same number by the Master of High Court (MOHC) are uniquely identified as a taxpayer. Below is a summary of the process that SARS follows in such an instance: For a Trust, where …

Tax treatment of Multiple Trusts registered from one Will/Testament Read More »

12 October 2022 Updated mobile tax unit schedules available for for Mpumalanga and KwaZulu-Natal.

14 October 2022 You can access the list of unentered goods for the week of 03/10/2022 to 09/10/2022 here.  

14 October 2022 In light of the Transnet strike and the increasing movement of over carried cargo, all shipping lines and traders need to be aware of the temporary solution for over carried cargo under the provisions of Section 40(3)(a)(i)(C) to the respective Branch Office. Clients are advised that the newly approved interim procedure for …

manual processing of over carried cargo introduced as a Temporary solution Read More »

14 October 2022 The draft Interpretation Note, “Definition of ‘Associated Enterprise’ ”, provides guidance on the interpretation and application of the definition of “associated enterprise” in section 31(1). The inclusion of an “associated enterprise” in section 31 comes into operation on 1 January 2023 and applies in respect of years of assessment commencing on or …

associated enterprise is a ‘connected person’ – draft interpretation note for comment Read More »

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 »