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2024 Legal and Policy

Legal and Policy - 8 August 2024

Description

SARS

  • 1 August 2024 – Income Tax Act, 1962

Draft Guide – Mineral and Petroleum Resources Royalty Act

Due date for comment: 13 September 2024

  • 1 August 2024 – 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 and technology infrastructure. To provide clarity and certainty, make it easy for taxpayers and traders to comply with their obligations and building public trust and confidence, our technology assets must demonstrate the highest levels of availability, robustness and security.

In accordance with 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 and technology infrastructure are available, robust and secure, by performing regular upgrades, enhancements and maintenance.

Considering the above, SARS Digital platform maintenance are scheduled for Saturday, 03 August 2024 from 20h00 to 01h00 Sunday, 04 August 2024.

During this time, you may experience intermittent service interruption on our eFiling, Tax and Customs Digital Platforms.
Responses (CUSRES messages) to transactions submitted during this time will be delayed, however, arrival and exit management functions are available at land border posts for all released declarations and manifests.
Stakeholders are therefore urged to submit all Goods Declarations (bills of entry) and Road Manifest, especially those deemed priority, by Saturday, 03 August 2024 @ 19h00.

For comment by 16 August

  • Draft Revenue Laws Amendment Bill 2024
  • Draft Explanatory Memorandum to Revenue Laws Amendment Bill 2024

For comment by 31 August 2024

  • Draft Taxation Laws Amendment Bill 2024
  • Draft Explanatory Memorandum on the Draft Taxation Laws Amendment Bill 2024
  • Draft Tax Administration Laws Amendment Bill of 2024
  • Draft Memo on Objects of Tax Administration Laws Amendment Bill of 2024
  • Draft Regulations on the Method for Determining the VAT liability in respect of Casino Table Games of Chance
  • Draft Explanatory Memorandum on the Method for Determining the VAT Liability in respect of Casino Table Games of Chance
  • Draft Regulations on Electronic Services for the purpose of the Definition of “electronic services”
  • Draft Explanatory Memorandum to Electronic Services Regulations 2024
  • Draft Carbon Offset Regulations Prescribing Carbon Offsets in terms of Section 19(c) of the Carbon Tax Act
  • Draft Explanatory Memorandum to Carbon Offsets Regulations
  • Domestic Reverse Charge Regulations
  • Draft Explanatory Memorandum to Domestic Reverse Charge Regulations
  • BPR 408 – Corporate restructuring using section 42 of the Act
  • BPR 407 – Generation and supply of renewable energy
  • 2 August 2024 – SARS is conducting the 2024 Public Opinion Survey and data collectors will be visiting sampled households in all nine provinces from 1 July to 30 November 2024.

The survey is in line with SARS’s Strategic Objectives 8 and 9, which are to:

  • Work with and through STAKEHOLDERS to improve the TAX ECOSYSTEM; and
  • Build PUBLIC TRUST and CONFIDENCE in the tax administration system.

The interview will be conducted face to face with the people who meet the criteria in the sampled household. The survey will be carried out by data collectors from Sigma Kairos on behalf of SARS and will be identifiable by the Sigma Kairos jackets they will be wearing.

Furthermore, data collectors will have a letter from SARS, confirming that they are indeed from SARS.

For any queries about the survey and to verify the status of the data collectors, please contact NAME (as per the letter).

Kindly note that:

  • Your participation is voluntary.
  • Participation or refusal thereof will not affect your future interactions with SARS.
  • The interview will be conducted in the South African official language of your choice; and
  • While you can withdraw from participating at any time you feel uncomfortable, you are encouraged to complete the survey as the findings will guide SARS regarding which areas to focus on in its mission to improve the tax ecosystem for your ease of compliance.
  • 5 August 2024 - Interpretation Note 98 (Issue 2) – Public benefit organisations: The provision of funds, assets or other resources to any association of persons
  • BPR 409 - Acquisition by a public benefit organisation of forfeited share incentive scheme shares
  • BPR 090 - Award of listed shares under a share incentive scheme
  • 5 August 2024 - Retirement Fund Contribution Deductions: Section 11F(2)(a) of the Income Tax Act was amended with effect from 1 March 2024. SARS sets out examples as to how to calculate the allowable retirement fund contributions
  • 6 August 2024 - Tholo Energy Services CC v Commissioner for the South African - Customs and excise – Fuel refund claim – Refund claim for fuel and Road Accident Fund levy by licensed distributor of fuel – Fuel not obtained from stocks of licensee of customs and excise manufacturing warehouse envisaged in section 64F(1)(b) – Exported without permit – Not manufactured in Republic – Not wholly and directly removed to country in customs union – Not delivered by licensed remover of goods – Determination correct – Appeal dismissed – Customs and Excise Act 91 of 1964, s 64F(1)(b).
  • 7 August 2024 - Benefits of using eFiling - did you know that to use eFiling offers taxpayers numerous benefits? By using SARS’s online self-help services like eFiling or the SARS MobiApp, you can interact with SARS in a safe and convenient way

NATIONAL TREASURY

AuthorLegal and Policy
DivisionTax
Keywords
Legal and Policy
8 August 2024
Categories
Legal and Policy
Date8 August 2024