Legal and Policy - 24 March 2022

SARS:

• 23 March 2022 – New document, SARS Preferential Procurement Policy, has been published.

The policy has been Developed to enable SARS to comply with section 217 (2) and (3) of the Constitution that makes it incumbent on organs of state to apply a system of preferential procurement and to do so in terms of national legislation (BBBE Act).

• 23 March 2022 – New tariffs were added to the existing list for Department of Mineral Resources and Energy. For more information, please see the following webpage: Prohibited, restricted and counterfeit goods.
• 23 March 2022 – The latest Government Connect Newsletter was published. It includes items on Budget 2022/2023, the revised SARS revenue estimate, the new once-off admin penalties for PIT, ETI values from 1 March 2022 and many more. To read it, click here.
• 22 March 2022 – The Guide for Employers iro Employees Tax for 2023 has been updated to include the new table of rates per kilometer for motor vehicles.

• 18 March 2022 – Customs & Excise Act, 1964: Rule amendment notice R1892, as published in Government Gazette 46056 on 18 March 2022, relates to the amendments to the rules published under sections 7, 59A, 75 and 120 to review the diesel fuel refund tax system (DAR230)
• 18 March 2022 – Customs & Excise, 1964: Publication details for tariff amendment notices R1893 and R1894, as published in Government Gazette 46056 on 18 March 2022, are now available
• 17 March 2022 – The latest Tax Practitioners Connect issue 30 is now available.
• 17 March 2022 – Customs & Excise Act, 1964: The tariff amendment notices, scheduled for publication in the Government Gazette, relate to the –

• imposition of provisional payment in relation to anti-dumping duties against the alleged dumping of laminated safety glass, classifiable under tariff subheading 7007.29, originating in or imported from the People’s Republic of China – ITAC Report 687 (up to and including 17 September 2022); and
• amendments to Part 3 of Schedule No. 6, by the substitution of Note 6, to give effect to the review of the diesel refund system (with effect from a date to be determined by notice in the Gazette).

Publication details will be made available later

• 17 March 2022 – The Commissioner of the South African Revenue Service (SARS) Mr Edward Kieswetter has committed the organisation to promoting the use of historically marginalised official languages in the tax and customs environment.

He was speaking at the launch of the SARS multilingual tax terminology publication which contains 450 terms in our all official languages (English already existing), namely Sesotho, Setswana, Sepedi, Tshivenḓa, Xitsonga, IsiNdebele, Siswati, IsiZulu, IsiXhosa and Afrikaans. This list covers the wide spectrum of the financial terminology, such as tax, wills, and general financial business practices.

See the full media statement here.

• 17 March 2022 – The guides have been updated in accordance with the 2022 National Budget Speech.

• Guide for Employers in respect of Fringe Benefits
• Guide for Employers in respect of Allowances

• 17 March 2022 – The purpose of this document is to clarify the application of the supplied codes for the Taxpayer Identification Number (TIN) data fields for Automatic Exchange of Information (AEOI) and Foreign Account Tax Compliance Act (FATCA) submissions. See the document here –Clarification document for AEOI (FATCA) Reporting TIN Codes.
• 17 March 2022 – Customs & Excise Act, 1964: Publication details for tariff amendment notice R1888, as published in Government Gazette 46054 on 17 March 2022, are now available.

NATIONAL TREASURY:

• Rationale for the Draft Preferential Procurement Regulations 2022 – 23 March 2022
• Comment template for Draft PPR2022 – 23 March 2022

OECD:

• Event: Examining tax-related illicit financial flows and efforts to combat them: A country perspective from South Africa - 1 April 2022
• Blog post: Meeting the Moment: Strengthening tax administration to raise mining revenue mobilization across Africa - 23 March 2022
• OECD seeks input on new tax transparency framework for crypto-assets and amendments to the Common Reporting Standard -22 March 2022
• New results on the prevention of tax treaty shopping show progress continues with the implementation of international tax avoidance measures - 21 March 2022

ATAF:

Mozambique receives focused audit assistance from ATAF – 18 March 2022