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2024 Legal and Policy

Legal and Policy - 20 March 2024

Description

SARS

  • 14 March 2024 – Customs and Excise Act, 1964: The tariff amendments notices, scheduled for publication in the Government Gazette, relate to the amendments to –
  • Part 3 of Schedule No. 2, by the substitution of safeguard items 260.03/7318.15.41/01.08; 260.03/7318.15.42/01.08 and 260.03/7318.16.30/01.08 to include imports originating in or imported from the Republic of the Philippines to be subject to safeguard duties with a rate of 48,04% on threaded fasteners of iron or steel (excluding those of stainless steel and those identifiable for aircraft) – Minute 11/2023 (with effect from 15 March 2024 up to and including 23 July 2024);
  • Part 3 of Schedule No. 2, by the substitution of safeguard items 260.03/7318.15.41/01.08; 260.03/7318.15.42/01.08 and 260.03/7318.16.30/01.08 to include imports originating in or imported from the Republic of the Philippines to be subject to the safeguard duties of a rate of 46,04% on threaded fasteners of iron or steel (excluding those of stainless steel and those identifiable for aircraft) – ITAC Report 715 (with effect from 24 July 2024 up to and including 23 July 2025);
  • Part 3 of Schedule No. 2, by the substitution of safeguard items 260.03/7318.15.41/01.08; 260.03/7318.15.42/01.08 and 260.03/7318.16.30/01.08 to include imports originating in or imported from the Republic of the Philippines to be subject to the safeguard duties of a rate of 44,04% on threaded fasteners of iron or steel (excluding those of stainless steel and those identifiable for aircraft) – ITAC Report 715 (with effect from 24 July 2025 up to and including 23 July 2026); and
  • Part 1 of Schedule No. 1, by the substitution of tariff subheadings 1701.12, 1701.13, 1701.14, 1701.91, and 1701.99, to increase the rate of customs duty on sugar from free of duty to 140.91c/kg in terms of the existing variable tariff formula – ITAC Minute 13/2023 (15 March 2024).

Publication details will be made available later

  • 18 March 2024 – The SARS Third Party Data Annual Submissions process for the period 1 March 2023 – 29 February 2024 opens on 1 April 2024 and will close on 31 May 2024.

For more information, see the Third Party Data Submission Platform webpage.

  • 18 March 2024 – In keeping up with the continuous SARS Online Query System (SOQS) enhancements, the SOQS External Guide has been updated as follows:
  • The ‘Submit supporting documents’ and ‘Report new estate case’ queries have been updated in line with the latest system enhancements.
  • The following new queries have been included in the guide:
    • Request for Auto Assessment status: This enables the taxpayers to query whether they are part of the SARS Auto Assessment population or not.
    • Submit an LBI query: This enables the taxpayers registered at the Large Business and International (LBI) or High Net Worth (HNW) to direct their queries to LBI or HNW.

GEN-GEN-51-G01 – SARS Online Query System – External Guide

  • 18 March 2024 – To facilitate the upcoming two-pot retirement system changes, SARS will be making enhancements to the Tax Directives process. The changes are detailed in IBIR-006 Tax Directives interim Interface Specification Version 6.701. Once the law has been promulgated, an updated version of the Interface Specification will be made available. SARS will also communicate trade testing dates in due course.
  • 18 March 2024 – Customs and Excise Act, 1964

Customs Outward Processing Procedure

  • 19 March 2024 – As part of the third-party data submission process, third-party entities are issued annually upon request, a SARS security certificate which forms part of their enrolment and activation process. The SARS security certificate allows SARS to validate and process high-volume data files received from third-party entities during their data file submissions via Connect: Direct™ technology (CD) and Secure Web: https (SFG).

However, since SARS no longer supports browsers that were identified as posing security and risk-related issues, this made it difficult for many third-party entities to request and renew their security certificates. Additionally, this was disadvantageous to the third-party data submission process as new entities could not easily enrol and renew expired certificates.

To address this, a solution was developed to enable third-party entities to enrol and activate their preferred channels of submission via eFiling. Following the completion of the enrolment and activation, a security certificate that contains information about the certificate’s owner along with public and private keys will be issued, and only then will third-party entities be allowed to send their data files to SARS via CD and SFG.

Any queries relating to the third-party data submission process should be referred to the third-party data unit via the following email address: bus_sys_cdsupport@sars.gov.za.

The following guides relating to third-party data submission has been updated and are available on the SARS website:

National Treasury

Media statement - Minister of Finance Enoch Godongwana on the Appointment of Dr Mampho Modise as a Deputy Governor of The South African Reserve Bank – 15 March 2024

· Media Statement: Joint Statement by the National Treasury and the Department of Public Works and Infrastructure on the Lease of The National Treasury Building – 18 March 2024

Media Statement: 2nd Quarter Local Government Section 71 Report – 18 March 2024

Annexure A - 2nd Quarter Local Government Section 71 Report – 18 March 2024

OECD

AuthorSAICA
DivisionTax
Categories
Legal and Policy
Date20 March 2024