11 March 2021

SARS:

Publication details for tariff amendment notice R190, as published in Government Gazette 44251 of 10 March 2021, are now available.
The tariff amendment notice, scheduled for publication in the Government Gazette, relates to the amendments to –
- Part 1 of Schedule No. 1, by the substitution of tariff subheadings 1001.91 and 1001.99 as well as 1101.00.10, 1101.00.20, 1101.00.30 and 1101.00.90, to reduce the rate of customs duty on wheat and wheaten flour from 10,27c/kg and 15,41c/kg to Free respectively, in terms of the existing variable tariff formula – Minute 11/2020.

Publication will be made available later

Preparation for annual Employers Filing Season
SARS calls on employers to ensure that they are ready to submit their annual reconciliation declarations with the latest and most accurate payroll information about their employees and the tax they have deducted.
The data that must be submitted to SARS from employers should cover the Monthly Employer Declarations submitted, payments made and Tax Certificates (IRP5/IT3) (a)s generated, covering the full tax year from 1 March 2020 to 28 February 2021.
Employers have from 1 April 2021 to 31 May 2021 to submit their data to SARS.
Request for Proposal (RFP)19/2020: Briefing presentation.
SARS calls on employers to prepare data for annual Employers Filing Season
Request for Proposal (RFP)14/2020: Appointment of a Service Provider for Provision of Employee Health and Wellness Related Services
The following general notes have been withdrawn:

General Note 13 – Retirement from employment

General Note 21 (Issue 2) – Application for tax directives (benefits that include pre- 1 March 1998 vested rights)

Publication details for the following income tax notices, as published in Government Gazette 44229 of 5 March 2021, are now available:

Notice 174, under section 8(1)(b)(ii) and (iii), relating to fixing the rate per kilometre in respect of motor vehicles

Notice 173, under section 8(1), relating to determining the daily amount in respect of meals and incidental costs

Publication details for tariff amendment notice R181, as published in Government Gazette 44230 of 5 March 2021, are now available
The tariff amendment notice, scheduled for publication in the Government Gazette, relates to the amendments to –

Part 1 of Schedule No. 1, by the substitution of tariff subheadings 1701.12, 1701.13, 1701.14, 1701.91, and 1701.99 to reduce the rate of customs duty on sugar from 527,75c/kg to 414,85c/kg in terms of the existing variable tariff formula – Minute M09/2020.

Publication details will be made available later

Updated Tables A and B of the Average Exchange Rates
Interpretation Note 12 – Recoupment: Assets in a deceased estate
The following general notes have been withdrawn:

General Note – Stop order against benefits transferred from a pension fund to a provident fund

General Note 1 – Transfers from pension to provident funds in terms of the 14 September 1990 arrangement

Updated: Excess Currency – External Policy

The policy has been amended to clarify the difference between used and unused currency. Unused currency, whether banknotes or coins, is classifiable within tariff heading 49.07 and the clearance declaration process as prescribed in SC-CF-54 is applicable.

TREASURY:

OECD:

ATAF: