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2022 Legal and Policy

Legal and Policy - 7 July 2022

Description

SARS:

  • 6 July 2022 – Legal Counsel Publications

Tax Exemption Guide for Recreational Clubs (Issue 4)

For more information, visit the Estates webpage and the Estate Duty webpage.

  • 5 July 2022 – Income Tax Act, 1962

Interpretation Note 97 (Issue 3) – Taxation of REITS and controlled companies

  • 5 July 2022 – Income Tax Act, 1962

Interpretation Note 97 (Issue 2) – Taxation of REITS and controlled companies

  • 5 July 2022 – Tax Administration Act, 2011

Eskom Pension and Provident Fund v Brian Molefe and Others (93895/2019) [2022] ZAGPPHC (4 July 2022)

  • 5 July 2022 – High volumes are being experienced on the eFiling site from compliant taxpayers. In order to improve the service provided, SARS is continuously implementing improvements. You may experience intermittent service interruptions on eFiling on Tuesday 5 July 2022 between 21:00 and 21:30. We apologise for this inconvenience.
  • 5 July 2022 – Customs Weekly List of Unentered Goods
  • 5 July 2022 – Our Contact Centre is currently experiencing high call volumes. Please use our Digital Channels instead:
  • 4 July 2022 – High volumes are being experienced on the eFiling site from compliant taxpayers. In order to improve the service provided, SARS is continuously implementing improvements. You may experience intermittent service interruptions on eFiling on Monday 4 July 2022 between 21:00 and 21:30. We apologise for this inconvenience.
  • 4 July 2022 – You are invited to a Registration, Licensing and Accreditation (RLA) webinar on Thursday, 7 July. The theme is the onboarding of all existing Customs clients including cargo reporters (RCG):

Date: Thursday, 7 July 2022
Time: 16:00 – 18:00
Platform: https://youtu.be/tvUv4bV8aLY

  • 4 July 2022 – RFP05-2022: Appointment of service provider(s) for the provision of paper products for a period of three years nationwide

Annexure D service level agreement is now available

  • 4 July 2022 – The June 2022 issue of the Government Connect newsletter is now available. See the latest edition for news on the tax education and information programme for government, opening of Individual Filing Season, and more.
  • 3 July 2022 – Customs & Excise Act, 1962: Rule amendment notice R2215, as published in Government Gazette 46648 on 1 July 2022, relating to amendments to rules under sections 19, 60 and 120 – Insertion of rules numbered 19.09 in relation to the monitoring of certain customs and excise warehouses through CCTV equipment (DAR235)
  • 1 July 2022 – RFP04/2022: Briefing Presentation
  • 1 July 2022 – Due to ongoing maintenance, in an endeavour to make it easy for taxpayers and traders, you may experience intermittent service interruption on Saturday, 2 July 2022, between 14:00 and 18:00. Our apologies for the inconvenience.
  • 1 July 2022 – The new VAT domestic reverse charge (DRC) on valuable metal is implemented from 1 July 2022. A VAT domestic reverse charge (DRC) on valuable metal was introduced in the Regulation published in Government Gazette 46512 on 8 June 2022, see Regulations on domestic reverse charge relating to valuable metal, issued in terms of section 74(2) of the Value-Added Tax Act, 1991 (Act 89 of 1991), Notice 2140. The DRC Regulations came into effect on 1 July 2022. For a comprehensive understanding of these Regulations, see the Explanatory Memorandum and Media Statement.

For more information see the VAT Domestic Reverse Charge webpage.

  • 1 July 2022 – SARS has made significant changes to the 2022 Tax Filing Season. This year, over 3 million taxpayers, have been auto-assessed by SARS and will not have to file a tax return if they are satisfied with the outcome. If you are in the auto-assessment group, you will receive a notification from SARS during the first few days of July. Taxpayers are urged to not visit SARS branches during the first week of July. Those who still prefer to visit SARS branches are reminded to please make a booking on our appointment system or by sending an SMS to 47277 with the word Booking (Space) ID number/Passport number/ Asylum Seeker number. Tax Practitioners are urged to strictly use their channel when booking an appointment. Taxpayers can also use the SMS number 47277 to request a tax reference number, find out if you need to submit a return and get a statement of account.

Useful webpages:

Guides:

Example of the ITR12:

  • 1 July 2022 – The filing periods for Trusts are as follows:
  • Trusts that are not registered for Provisional Tax runs from 1 July 2022 to 23 November 2022; and
  • Trusts that are registered for Provisional Tax starts from 1 July 2022 to 23 January 2023.

The representative taxpayer (the trustee(s) of a Trust) or the appointed tax practitioner must file an income tax return for the Trust on an annual basis and during the Trust return filing period to avoid penalties and interest Use eFiling to submit the Trust return quickly and conveniently.

Guides:

For the form and system changes, see the Trust Filing Season 2022 changes webpage.

Example of the ITR12T:

  • 30 June 2022 – Income Tax Act, 1962

Income tax – Application for default judgment in terms of rule 56 of the rules prescribed by the Tax Administration Act 28 of 2011 – application failed to meet jurisdictional requirements even on unopposed basis

  • 30 June 2022 – The June 2022 issue of the Tax Practitioner Connect newsletter is now available. See the latest edition for news on the SARS tax practitioner readiness programme, the opening of Filing Season, auto assessments and more.
  • 30 June 2022 – The South African Revenue Service (SARS) today releases trade statistics for May 2022 recording a preliminary trade balance surplus of R28.35 billion. The R28.35 billion preliminary trade balance surplus for May 2022 is attributable to exports of R179.46 billion and imports of R151.11 billion.

See the Media Release – May 2022

Or visit the Trade Statistics webpage.

  • 30 June 2022 – Customs Weekly List of Unentered Goods
  • 30 June 2022 – The SARS Tax Practitioner Readiness Programme is an education product that provides important information on the obligations and responsibilities of tax practitioners, and SARS processes that they need to follow to provide high quality, professional and ethical services to clients. Per the amended recognition criteria for RCBs and Tax Practitioners, this training is compulsory for individuals who want to register as tax practitioners from 1 July 2022.

There are 8 modules that are accompanied by videos and written material.

For more info on the modules and implementation, see our SARS Tax Practitioner Readiness Programme webpage.

NATIONAL TREASURY:

OECD:

ATAF:

AuthorSAICA
DivisionLegal and Policy
Date7 July 2022