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2023 Legal and Policy

Legal and Policy - 13 July 2023

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SARS:

  • 12 July 2023 – The Yoco Online Payment scam is requesting unsuspecting taxpayers to click on a link to receive payment sent to their account. Please do not click on the phishing link, if in doubt, email phishing@sars.gov.za.

Keep an eye on our Scams examples webpage.

  • 12 July 2023 – Income Tax Act, 1962

Interpretation Note 101 (Issue 2) – Gains or losses on foreign exchange transactions

Interpretation Note 101 – Section 24I – Gains or losses on foreign exchange transactions

Table 1 – Interest rates on outstanding taxes and interest rates payable on certain refunds of tax

Table 2 – Interest rates payable on credit amounts

  • 11 July 2023 – RFI02/2023: Integrated Strategic Sourcing and Purchasing Solution (eTendering and ePurchasing)

Answers to questions posed by bidders are now available.

  • 10 July 2023 – RFI01/2023: Back Up Solution

The closing date for RFI01/2023 has been extended to Tuesday, 1 August 2023 at 11:00.

  • 10 July 2023 – The SARS Online Query System has a new feature called the Tax Return Status Dashboard providing Taxpayers, Registered Representatives and Tax Practitioners with a visual status of the progress of Personal Income Tax returns in terms of submission, verification/audit and refund processing.

You are now able to check the progress of your Personal Income Tax Return after submission. This enhancement aims to keep you informed so there is no need for you to phone the SARS Contact Centre or go to a SARS Branch office.

  • 7 July 2023 – Achieving our Vision 2024 of a smart, modern SARS with unquestionable integrity that is trusted and admired is of paramount importance. Pivotal to the delivery of our vision are our digital platforms & technology infrastructure. In order to provide clarity & certainty, make it easy for taxpayers & traders to comply with their obligations and building public trust and confidence, our technology assets have to demonstrate the highest levels of availability, robustness and security.

Pursuant to our Vision and Strategic Objectives, which include modernising our systems to provide Digital and Streamlined online services, we are hard at work ensuring that our digital platforms & technology infrastructure are available, robust & secure, by performing regular upgrades, enhancements, and maintenance.

In light of the above, eFiling may be intermittently available on Saturday 8 July 2023 from 20:00 to 22:00.

  • 7 July 2023 – RFI02/2023: Integrated Strategic Sourcing and Purchasing Solution (eTendering and ePurchasing)

Please note that the closing date for RFI02/2023 has been extended to Monday, 31 July 2023 at 11:00.

The meeting was officially opened by the Minister of Finance of South Africa, Mr Enoch Godongwana who emphasised the importance of tax transparency tools in the armour of tax administrations to counter tax non-compliance: “The international tax transparency standards have proven to be an effective tool in curbing tax evasion and other IFFs and generating additional revenue ready to be invested in the development and provision of public services.” He urged the Global Forum to “continue to serve African countries and to support the Africa Initiative in its efforts to build and enhance their capacities to use the Exchange of Information standards at their full potential on the continent.”

See the full media release here.

NATIONAL TREASURY:

  • Join @GTACSouthAfrica on 5-7 September for the 2023 Public Economics Conference! Experience 3 days of knowledge sharing as the Public Economics Winter School and PEPA Savings@Work Conference merge to delve into the depths of public economics. Read more https://bit.ly/3D4RKrm - 10 July 2023

OECD:

ATAF:

SAFLII:

AuthorLegal and Policy
Date13 July 2023