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2022 Legal and Policy

Legal and Policy - 3 March 2022

Description

SARS:

  • 1 March 2022 – Customs Weekly List of Unentered Goods
  • 1 March 2022 – The SARS Third Party Data Annual Submissions process for the period 1 March 2021 – 28 February 2022 opens on 01 April 2022 and will close on 31 May 2022. For more information, please visit the Third Party Data Submission Platform webpage.
  • 1 March 2022 – Taxpayers can apply for a Financial Year End (FYE) change of their Corporate Income Tax (ITR14) return. The webpage, Keeping my business details up to date, provides the relevant steps for different types of companies.
  • 28 February 2022 – National Legislation

2022 Draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill (amended 25 February 2022)

  • 28 February 2022 – SARS today releases trade statistics for January 2022 recording a preliminary trade balance surplus of R3.55 billion. These statistics include trade data with Botswana, Eswatini, Lesotho and Namibia (BELN). The year-to-date (01 January to 31 January 2022) preliminary trade balance surplus of R3.55 billion is a deterioration from the R12.98 billion trade balance surplus for the comparable period in 2021. Exports increased by 17.6% year-on-year whilst imports increased by 29.6% over the same period.

The R3.55 billion preliminary trade balance surplus for January 2022 is attributable to exports of R130.12 billion and imports of R126.57 billion. Exports decreased by R25.04 billion (16.1%) between December 2021 and January 2022 and imports increased by R0.43 billion (0.3%) over the same period.

See the full media statement here.

Visit the Trade Statistics webpage.

  • 25 February 2022 – Assets belonging to a practice of two diagnostic radiologists have been attached by the Sheriff of the High Court over outstanding returns and a tax debt of R52-million owed to the South African Revenue Service (SARS).

The directors of the practice at Louis Pasteur Hospital in Pretoria, Drs Mkhabele and Indunah Diaganostic Radiologists Inc, are Dr Zulu Mkhabele and Dr Mevis Ponde.

The taxpayer applied to SARS for a compromise which was declined. The letter of decline was sent to the taxpayer together with a new final demand letter. The taxpayer did not respond to both the final demand and decline letter.

See the full media statement here.

  • 25 February 2022 – The implementation of the new RLA system was initially designed to cater only to clients submitting new applications. Clients who were already registered on the old system, i.e. via a DA185 application were not required to re-register on the new RLA system. The system was designed on a first-in-first-out principle and clients that required re-registering on the new RLA system would severely impact the turnaround times (TAT) of new applications due to operational capacity constraints. For more information, see our letter to Trade.
  • 25 February 2022 – The guide on How to complete the Income Tax Return ITR14 for Companies has been updated to include clarity on the Financial Year End and Financial Statements required.
  • 24 February 2022 – The South African Revenue Service (SARS) has noted with concern the arrest of two SARS employees on allegations of extortion after the two employees demanded money from a taxpayer in return for reducing or cancelling the taxpayer’s debt.

The taxpayer alleges he received a call from a SARS employee last week and was invited to a meeting. After arriving the taxpayer grew suspicious and contacted the South African Police Service (SAPS), who subsequently planned a sting operation with the taxpayer, leading to the arrest of the two employees. In collaboration with the SARS Anti-Corruption Unit, the matter was handed over to the Directorate for Priority Crime Investigations (Hawks).

SARS Commissioner Mr Edward Kieswetter condemned in the strongest terms the alleged conduct of the employees and issued a strong warning to employees and taxpayers who collude to defraud SARS.

See the full media statement here.

  • 24 February 2022 – The policy, Invoice Requirements for Customs, has been updated. The amendments include the time periods in which clients may request Customs to furnish reasons for an action and in which Customs must respond to such a request to align with Rules 77H.02(4) and 77H.02(5).

NATIONAL TREASURY:

OECD:

ATAF:

TAX OMBUD:

SAFLII:

SARB:

AuthorSAICA
Date2022 Legal and Policy