Legal and Policy - 23 May 2024

Legal and Policy - 23 May 2024

SARS

• 16 May 2024 – Binding General Rulings

• Binding General Ruling 71 – Section 18A Receipt: Donation of Property in Kind
• Binding General Ruling 70 – Issue of a Single Section 18A Receipt to a Donor Taxpayer for Multiple Bona Fide Donations
• 17 May 2024 – Where an entity’s profile has been merged incorrectly, a request to unmerge can be made at a SARS branch office (remember to make an appointment). Where an unmerge request has been finalised, the profiles or access associated with the unmerge will be amended, and the Recorded Representative needs to be confirmed. This will imply that the previous Registered Representative must ensure their eFiling profile is correct and has been activated on eFiling, to successfully transact at a SARS Branch or via eFiling. The current prescribed process for the activation of the Registered Representative and related profiles, as documented for the Merge process, must be adhered to.

Important note: A profile will not be able to perform a merge on eFiling if an unmerge request exists and is still in progress.

• 20 May 2024 – The latest Tax Practitioner Connect Newsletter Issue 52 is available. This issue includes information on the Employer annual reconciliation period, a change to the Business Rescue email address, enhancement to the Dispute Resolution Process for Trusts, reporting of digital fraud, enhancements to eFiling, updates of Customs Clearance Declaration and Mandatory Disclosure Rules.

• 20 May 2024 – The state provides state warehouses for the safekeeping of goods. These are managed by Customs. The purpose of this list of unentered goods is to notify the importer, exporter and any other person that has interest in the goods that the goods have been taken up into the State warehouse and if they remain unentered they will be disposed in accordance with the provisions of the Customs & Excise Act.

See the latest Customs Weekly List of Unentered Goods here.

• 20 May 2024 – The latest Government Connect Newsletter Issue 18 is available. This issue includes information on Employer Annual Reconciliation, a change to the Business Rescue email address, enhancement to the Dispute Resolution process for Trusts, reporting of digital fraud and enhancements to the eFiling registration process.

• 20 May 2024 – The Customs Division of the South African Revenue Service (SARS) and the Eswatini Revenue Service (ERS) today made public the findings of a Time Release Study (TRS) on the flow of trade between Eswatini and South Africa at the Oshoek / Ngwenya border post that the two countries share.

The TRS is a significant step to facilitate the seamless flow of trade through Southern African Customs Union (SACU) borders.

The study was conducted from 14 November to 17 November 2023, gathering vital data, both physical and system-related data at the shared border post. The study was a collaborative effort by SARS, the Eswatini Revenue Service (ERS), and the World Customs Organisation (WCO) in partnership with UK Aid, the South African Border Management Authority (BMA), the South African Police Service (SAPS), and representatives from our cross-border trading community.

See the full media release here.

• 21 May 2024 – Value-Added Tax Act, 1991

• Binding General Ruling 64 – Temporary Application of New Dwellings for Exempt Supplies Simultaneously held by Developers for Taxable Purposes

• 21 May 2024 – Binding General Rulings

• Binding General Ruling 72 – Particulars to be Contained in a Credit Note for a Valid Deduction under Section 16(3)(a)(v) for Prepaid Vouchers
• Binding General Ruling 64 (Issue 2) – Temporary Application of New Dwellings for Exempt Supplies Simultaneously held by Developers for Taxable Purposes

• 22 May 2024 – Value-Added Tax Act, 1991

• Binding General Ruling 14 (Issue 3) – Specific Supplies in the Short-Term Insurance Industry

• 22 May 2024 – Value-Added Tax Act, 1991

• Binding General Ruling 14 (Issue 4) – Specific Supplies in the Short-Term (Non-Life) Insurance Industry

• 22 May 2024 – The Western Cape Mobile Tax Unit schedule for June 2024 is now available.

ATAF

• ATAF releases guide for implementing Voluntary Disclosure Programme, offering crucial insights and guidance for African Tax Administrators – 16 May 2024
• Africa’s role in the in the push for inclusive and effective global tax governance – 16 May 2024