Legal and Policy - 25 February 2021
Description
25 February 2021
SARS:
- National Treasury published the following draft notices and bill:
- Draft Notice on amounts for purposes of definition of retirement annuity funds – 24 February 2021
- Draft Notice on UIF remuneration limit – 24 February 2021
- 2021 Draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill – 24 February 2021
Due date for public comment to follow
- Taxation proposals as tabled by the Minister of Finance during the 2021 National Budget Review at 14:30 on 24 February 2021
- Income tax notice, scheduled for publication in the Government Gazette, under section 8(1) relating to daily amounts in respect of meals and incidental costs – effective 1 March 2021
Publication details will be made available later
- Impact of 2021 National Budget on SARS
- Updated list of Tender Bids Received
- Published: RFP26-2020 - Briefing Session
- Public notice 101, in Government Gazette 44171 of 19 February 2021, published in terms of section 25(7) of the Tax Administration Act, 2011, extending the deadline to file Country-by-Country Report returns by persons as specified in the notice
- Published guide: Estate Duty Implications on Key Man Policies
- Updated Customs weekly list of unentered goods
- Publication details for the following tariff amendment notices, as published in Government Gazette 44169 of 5 February 2021, are now available:
- R99, Part 1 of Schedule No. 3, by the insertion of rebate item 311.40/00.00/01.04, in order to create a rebate facility for yarns and textiles for use in the manufacture of apparel – ITAC Report No. 641
- R98, Part 2 of Schedule No. 4, by the insertion of various items under rebate item 460.15, in order to create a rebate facility for the importation on tinplate – ITAC Report No. 640
- R97, Part 1 of Schedule No. 1, by the substitution of Note 5 in Chapter 98 of Section XXII, in order to implement the policy directive for the inclusion of semi-knocked down vehicles kits as eligible products under the automotive production and development programme – ITAC Minute M03/2020
Whether the provisions of the voluntary disclosure agreement prohibit a request
for remission of interest under section 39(7) of the VAT Act
TREASURY:
- Budget 2021
- Media Statement and 2021 Draft Tax Bills and Regulations for Public comment
- Minister of Finance's Opposing Affidavit (CC)
- Invitation to South African Institutions of Higher Learning to participate In the 2021 Budget Outreach Initiative
OECD:
- BEPS Action 5: OECD agrees new peer review process to foster transparency on tax rulings - 22 February 2021
- Release of Ending the Shell Game: Cracking down on the Professionals who enable Tax and White Collar Crimes - 19 February 2021
- Croatia and Malaysia deposit their instrument of ratification for the Multilateral BEPS Convention - 18 February 2021
- Podcast: Tax in a digital world: Why new international rules matter for everyone - 18 February 2021
- Leading tax administrations release details of the ICAP multilateral tax risk assurance programme to provide early certainty for tax administrations and MNEs - 18 February 2021
SARB:
- Exchange Control Circulars:
- Exchange Control Circular No. 4/2021 - Authorised Dealer in foreign exchange with limited authority
Division | Legal and Policy |
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Date | 25 February 2021 |