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2022 Legal and Policy

Legal and Policy - 14 April 2022

Description

SARS:

  • 13 April 2022 – Customs & Excise Act, 1964: The tariff amendment notices, scheduled for publication in the Government Gazette, relate to the amendments to –

Part 3F of Schedule No. 1, by an increase of 7.5 per cent in the rate of environmental levy on carbon dioxide equivalent from R134 to R144 per tonne, to give effect to the Budget proposals announced by the Minister of Finance on 23 February 2022 (with retrospective effect from 1 January 2022);

Part 5A of Schedule No. 1, by the increase of R1.50 per litre of the general fuel levy for petrol from R2.35/l to R3.85/l and for diesel from R2.20/l to R3.70/l, as announced by the Minister of Finance on 31 March 2022 (with effect from 1 June 2022 ); and

Part 3 of Schedule No. 6, as a consequence to the increase in the general fuel levy, as announced by the Minister of Finance on 31 March 2022; the diesel refund provisions are adjusted accordingly (with effect from 1 June 2022).

Publication details will be made available later

  • 13 April 2022 – The SARS Pinetown office will be closed on Thursday, 14 April 2022. All virtual appointments will be honoured. Our apologies for the inconvenience.
  • 13 April 2022 – ITAC export permits are no longer required for the following tariff headings:
    • 3808.94
    • 3926.90.43
    • 6307.90
    • 9019.20
    • 9020
    • 2106.90.90
    • 2933.39
    • 2933.49
    • 2933.99
    • 3001.90
    • 3002.12
    • 3002.90.90
    • 3002.20
    • 3004.10.21
    • 3004.10.31
    • 3004.20.41
    • 3004.20.90
    • 3004.20.99
    • 3004.39.90
    • 3004.50.90
    • 3004.90.90

For more information, please see the following webpage: Prohibited, restricted and counterfeit goods.

You are invited to please join us for the virtual launch event that will be held as follows:

Date: Thursday, 14 April 2022

Time: 10:00

Live streaming link: https://youtu.be/KDYDLKmZMjE

  • 11 April 2022 – All temporary registrations issued during the period as specified ceased with immediate effect when the state of national disaster ended. Clients who wish to continue utilising rebate item 621.08 must follow the standard registration process to continue to receive ethyl alcohol under rebate. For the detail, click here.
  • 11 April 2022 – Tax workshop schedule: Bloemfontein branch
  • 11 April 2022 – Customs Weekly List of Unentered Goods
  • 11 April 2022 – RFI0001/2022: Document Conversion from PDF to HTML
  • 11 April 2022 – A message to all Conveyancers in connection with Transfer Duty applications. Did you know you only have seven days to upload your supporting documents after the final request letter was issued? See our communique for more detail.
  • 8 April 2022 – It has been the practice of SARS not to approve the release of funds when resident Trusts make distributions to non-resident Trusts. Following numerous queries in this regard, SARS herewith re-iterates its stance on the matter and herewith confirms that it will not approve the release of funds vested and distributed to non-resident Trusts.

SARS is currently investigating other options related to the distribution of funds/amounts to non-residents and is in discussions in this regard. SARS takes note of the fact that the SARB has relaxed certain exchange control requirements but has decided, based on the risks involved, not to approve the release of funds to non-resident Trusts.

This does, however, not preclude a resident Trust from vesting amounts in non-resident individuals and to apply for the relevant approvals, as per the current approved practice.

  • 8 April 2022 – Customs & Excise Act, 1964: Rule amendment notice R200, as published in Government Gazette 46207 on 8 April 2022, relating to the amendments to the rules published under sections 64E and 120, to clarify the validity period of accredited client statuses, to provide for information sharing and to clarify and legally regulate the position regarding accredited client statuses (granted under the repealed rules), that expired after the COVID-19 “lockdown” (DAR232)
  • 7 April 2022 – The South African Revenue Service (SARS) through its Syndicated Tax & Customs Crime Division, carried out inspections as well as search and seizure operations on entities in the banking sector, tobacco and cigarette sector, alcohol, gold and clothing industries in KwaZulu-Natal, Western Cape and Gauteng.

The premises inspected and searched include the residential premises of certain individual taxpayers and gold industry and banking employees. The operations are related to wider investigations and audits into illicit financial flows and illicit trade in gold, alcohol, clothing, cigarettes and tobacco products.

See the full media statement here.

NATIONAL TREASURY:


OECD:

ATAF:

TAX OMBUD:

SARB:

AuthorSAICA
DivisionLegal and Policy
Categories
Legal and Policy
Date14 April 2022