Taxation Updates
Collection of Taxation news and updates
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Taxation Updates
Branch walk-in appointments can be booked via the SARS eBooking system
On 14 August 2023, SARS released a notice of changes to the booking system for branch walk-in appointments. You can now book a branch walk-in appointment via the eBooking system, whereas previously, this type of appointment could only...
SARS Provisional Tax Webinar is hosted on 24 August
SARS will be hosting a webinar on 24 August on Provisional Tax to help taxpayers and traders fulfil their tax obligations and remain tax compliant, covering the following topics: Webinar details:Theme: Provisional taxDate: Thursday, 24 August 2023Time: 17:00...
Updated Interpretation Notes on leasehold improvements, lease premiums, and deductions for commercial
The following updated Interpretation Notes were issued by SARS on 6 August 2023:
Enhancements to the eBooking system
SARS issued notice on 14 August 2023 with the following changes made to the booking of appointments with SARS. The changes include: Book your appointment with SARS here.Read the updated eBooking Guide: Book your appointment with SARS here.
Enhanced e@syFile™ Employer BETA version will be released on 14 August 2023
SARS will provide you an opportunity to test the updated e@syFile™ Employer build before the formal release in mid-September 2023 for the Employer Interim Reconciliation. Enhancements will include: During the testing period from 14 August 2023 to 6 September...
Corporate Income Tax (CIT) – Understand the New Form and system changes
SARS has implemented various changes to the Income Tax Return for Companies (ITR14) and Notice of Assessment for Companies (ITA34C) from 23 June 2022. The following are the highlights of legal amendments that informed the changes to the...
Customs Tariff Amendments relating to Anti-Dumping and Safeguard duties – July 2023
Notice 3735 – imposing anti-dumping duties against the alleged dumping of new pneumatic tyres of rubber of a kind used on motor cars, buses, or lorries classifiable in tariff heading 40.11, originating in or imported from the People’s...
New guide for traders to assist with the competency assessment for Authorised
On 21 July 2023 SARS issued an external guide to assist traders with the application and completion of the AEO sufficient knowledge competency assessment. An Authorised Economic Operator (AEO) is a company involved in the international movement of goods...
Draft Interpretation Note 78 on ‘Allowance for future expenditure on contracts’ issued
Draft Interpretation Note 78 was published on 21 July 2023 providing guidance on the interpretation and application of section 24C when income is received in advance while the expenditure under the contract will only be incurred in a subsequent...
Be aware of the latest SARS Scams and Phishing alerts – Examples
SARS issued various notices regarding scam alerts. Examples of these scams you need to be aware of can be found on the SARS ‘scams and phishing’ website here. The website lists the following scams noted during June and...
Interpretation Note 106: section 13sex, Income Tax Act, Deduction in Respect of
SARS issued IN 106 on 14 July 2023 providing guidance on the interpretation and application of section 13sex of the Income Tax Act. 13sex provides that a taxpayer may deduct an allowance of 5% of the cost to...
Check you Auto-Assessment Status via My Auto-assessment status query
From 4 July 2023 Personal Income Tax taxpayers who qualify for this year’s Filing Season 2023 auto-assessment can now check whether they have been auto-assessed via the SARS Online Query Service functionality. Information you need to have: To...
