Legal and Policy - 30 May 2024

SARS

• 23 May 2024 – The tax workshop schedules for June have been published for North West:

• Mmabatho
• Rustenburg

More schedules will be published as they become available.

• 24 May 2024 – With the 31 May 2024 submission date for IT3(d) third-party data looming, we would like to assist with your submissions in this newsletter edition.

• 24 May 2024 – The 8th edition of the SMME Connect provides insights to assist small business owners in complying with the Employer Reconciliation (EMP501) obligations during the filing season. The 2024 employer filing season opened on 1

April 2024 and will close on 31 May 2024. SARS urges all employers to adhere to the deadline to avoid any penalties. Employer declaration reconciliation requires an employer to submit an accurate Employer Reconciliation Declaration (EMP501), Employee Tax Certificates [IRP5/IT3(a)s] to be issued and, if applicable, a Tax Certificate Cancellation Declaration (EMP601).

• 24 May 2024 – The SARS Online Query System (SOQS) has been updated to include requests for Penalty Statement of Account and Report SARS Employee Corruption. View the updated guide for more information.

• 27 May 2024 – The SARS Mthatha branch is closed today as a result of unrest in the area. Our apologies for the inconvenience.

• 27 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.

• 27 May 2024 – There are new scams doing the rounds talking of refund payments and supporting documents for eFilings. Please do not open the links and delete the emails immediately. Examples of these scams were published on our Scams & Phishing webpage.

• 28 May 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 6.702. A revised version of the specification will be published once the law is promulgated. SARS will also communicate trade testing dates in due course.
  

• 28 May 2024 – Income Tax Act, 1962, and Value-Added Tax Act, 1991: Notice 4793 as published in Government Gazette 50642 on 10 May 2024, amending regulations in terms of –

• paragraph (d) of the Definition of “Scientific or Technological Research and Development” in Section 11D(1) of the Income Tax Act, 1962 (Act No. 58 of 1962) on Additional Criteria for Multisource Pharmaceutical Products;
• paragraph (e) of the Definition of “Scientific or Technological Research and Development” in section 11D(1) of the Income Tax Act, 1962 (Act No. 58 of 1962) on Criteria for Clinical Trials in respect of Deduction for Scientific or Technological Research and Development; and
• Domestic Reverse Charge Relating to Valuable Metal, issued in terms of Section 74(2) of the Value-Added Tax Act, 1991 (Act No. 89
  of 1991).

SAFLII

• Inhlakanipho Consultants (Proprietary) Limited v Commissioner for the South African Revenue Service (66076/2020) [2024] ZAGPPHC 463 (23 May 2024) – 23 May 2024

OECD

• Fiji joins the inclusive framework on BEPS and participates in the agreement to address the tax challenges arising from the digitisation of the economy – 27 May 2024
• Moldova joins the Inclusive Framework on BEPS and participates in the agreement to address the tax challenges arising from the digitalisation of the economy – 28 May 2024