Legal and Policy - 20 May 2021

20 May 2021

SARS:

• Income Tax Act, 1962: List of Qualifying Physical Impairment or Disability Expenses (Draft for Public Comment), Due date for public comment: 31 May 2021
• Income Tax Act, 1962: Interpretation Note 117 – Taxation of the receipts of deposits
• Income Tax Act, 1962: Interpretation Note 93 (Issue 3) – The taxation of foreign dividends
• Income Tax Act, 1962: Interpretation Note 93 (Issue 2) – The taxation of foreign dividends
• The Manual for the Completion of Customs Clearance Declaration was updated with a few changes. The declaration type options P.SUPPLM and OTHER in SC-CF-04 are not in use and are therefore removed from the list supplied in the Rules and Usage field. Also, the Facilities Code List (SC-CF-04-A08) is updated to include registrations of new terminals, for more information see the SC-CF-04 – Completion of Declarations – External Manual.
• SARS and NPA: Joint media statement on prioritising tax crime
• Tax Administration Act, 2011: Public notice 419, as published in Government Gazette 44751 of 14 May 2021, in terms of section 25 of the Tax Administration Act, 2011, read with section 66(1) of the Income Tax Act, 1962, specifying the persons to submit income tax returns for the 2021 tax year and the periods for submission
• Income Tax Act, 1962: Draft IN 28 (Issue 3) – Deductions of home office expenses incurred by persons in employment or persons holding an office, Due date for public comment: 14 June 2021

• Customs & Excise Act, 1964: Publication details for tariff amendment notice R426, as published in Government Gazette 44578 of 14 May 2021, are now available.

• SARS notes legal action by union partner Public Servants Association of South Africa (PSA)

• Employment Tax Incentive Act, 2013: Guide to the Employment Tax Incentive (Issue 4)

• Customs & Excise Act, 1964: The tariff amendment notice, scheduled for publication in the Government Gazette, relates to the amendment 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 increase the rate of customs duty on wheat and wheaten flour from free of duty to 19,17c/kg and 28,76c/kg respectively, in terms of the existing variable tariff formula – Minute 01/2021

Publication details will be made available later

TREASURY:

• Media Advisory: National Treasury’s Budget Vote Speech
• The Launch of City Spatialised Economic Data Reports

OECD:

• Tax and Development Case Study: Fighting international tax avoidance and evasion to finance the emergence of Senegal - 21 May 2021
• OECD supports developing countries in the time of COVID-19- 19 May 2021

ATAF:

• 5th High-Level Tax Policy Dialogue: A Collaboration between the African Tax Administration Forum and the African Union Commission