SARS:

18 August 2021 – If you encounter any suspicious calls asking for upfront payment to secure an award of a bid or in lieu of claims that the outcome of a tender can be influenced towards your company, please immediately inform the SARS FRAUD/ANTI-CORRUPTION HOTLINE at 0800-002870 for further investigation. Click here for more information.
17 August 2021 – BRS – PAYE Employer Reconciliation v20 0 2 was released.
18 August 2021 – See our Frequently Asked Questions (FAQs) on the Payment Deferral of Excise Duty Payments on Alcohol as included in the 2021 Tax Relief Measures.

National Treasury announced a fiscal package, outlined by President Cyril Ramaphosa on 25 July 2021, in response to the continuing COVID -19 pandemic. The relief is applicable to tax compliant businesses in the alcohol sector who have been financially impacted by the COVID-19 pandemic and subsequent lockdown restrictions. See the FAQs here – FAQs for Tax Relief on Excise Duty.

17 August 2021 – Dear Traders and Travellers, SARS invites you to a comprehensive Customs SMME Traders and Travellers Clearance Procedures webinar which aims to increase compliance in accordance with Customs Clearance Procedures. Customs SMME Traders and Travellers are required to understand clearance procedures in order to comply with Tax and Customs Acts.

Thus, SARS will provide Clarity and Certainty of taxpayer obligation to equip all with the relevant information and insight required to make it easy to meet tax and customs obligations.

As you are important stakeholders, we invite you to join us in this webinar and to extend this invitation to other interested parties.

The details of the event are as follows:

Theme: Customs and Cargo clearance procedures
Date: Thursday, 19 August 2021
Time: 17:00 – 19:00
Platform: YouTube live-streaming: https://youtu.be/ei_xN9m47LI

17 August 2021 – You need to be aware of scams purporting to come from SARS and so we’ve created a section of the website where we will post updates of any scams we have heard about. Similarly, we would like you to tell us about any emails you think are scams or phishing. To report or to get more information on phishing, please send an email to phishing@sars.gov.za or call the Fraud and Anti-Corruption Hotline on 0800 00 2870. To see all current SARS surveys, emails and SMSs, click here.

The latest scam masking as a Final Demand email was published on the Scams & Phishing webpage as a warning to taxpayers.

16 August 2021 – Tax Administration Act, 2011: Draft Interpretation Note – Reduced Assessments: Meaning of “Readily Apparent Undisputed Error” . Due date for public comment: 29 October 2021
16 August 2021 – Income Tax Act, 1962: Guide on the Taxation of Franchisors and Franchisees (Issue 2)
16 August 2021 – Services Agreement document for RFP05-2021, Provision of armed guarding, close protection and tactical response security services, has been published.
13 August 2021 – Customs & Excise Act, 1964: Rule Amendment Notice R726, as published in Government Gazette 44983 on 13 August 2021, relating to the amendment to rules under sections 77H and 120, to adjust the jurisdiction of Branch Office Appeal Committees in relation to determinations referred to in section 47(9)(a)(i)(bb) (DAR221)
13 August 2021 – Customs & Excise Act, 1964: Publication details for tariff amendments notices R727, R728, R729 and R730, as published in Government Gazette 44983 of 13 August 2021, are now available
23 July 2021 – The Rules under Section 64E of the Customs Act, 91 of 1964, have been amended to expand the participation of the Economic Operators within the Supply Chain in the SARS Authorised Economic Operator (AEO). The rules align more closely to the standards of Pillar 2 of the WCO Framework of Standards by introducing a safety and security leg in accordance to international best practices. There are two levels of accredited client status provided for viz. Level 1 – Authorised Economic Operator (Compliance) and Level 2 – Authorised Economic Operator (Security) with associated facilitations. Previous Level 2 clients will be awarded Level 1 (AEO-C) Status. Additional Benefits awarded to clients as from 23 July 2021. Level 2 accreditation (AEO-S) came into effect on 23 July 2021. See the full amended rules here.
12 August 2021 – Interpretation Note 43 (Issue 8) – Circumstances in which Certain Amounts Received or Accrued from the Disposal of Shares are Deemed to be of a Capital Nature
12 August 2021 – Interpretation Note 43 (Issue 7) – Circumstances in which Certain Amounts Received or Accrued from the Disposal of Shares are Deemed to be of a Capital Nature
12 August 2021 – National Legislation: Second batch of draft bills and draft explanatory notes on the emergency tax relief measures published by National Treasury and SARS:

Second batch of the 2021 draft Taxation Laws Amendment Bill (TLAB)
Second batch of the 2021 draft Tax Administration Laws Amendment Bill (TALAB)
Draft Explanatory Notes on the Emergency Tax Relief Measures

The media statement provides a summary of the key tax proposals covered in the Bills. Due date for public comment: 28 August 2021

12 August 2021 – Customs & Excise Act, 1964: The tariff amendment notices, scheduled for publication in the Government Gazette, relate to the amendments to –

Part 1 to Schedule No. 3 by the substitution of Note 8.3 as well as the Notes to items 317.00 and 317.07 as a consequence to the implementation of APDP Phase II;

Part 1 to Schedule No. 4 by the substitution of the description in item 410.03/87.00/01.02 in order to include reference of new rebate item 307.04, as a consequence to the implementation of APDP Phase II;

Part 3 to Schedule No. 5 by the insertion of item 538.00/0.00/04.00 as a consequence to the implementation of APDP Phase II; and

Part 4 to Schedule No. 6 by the substitution of Note 4 in order to include the reference to rebate item 317.04 as a consequence to the implementation of APDP Phase II.

These amendments are effective with retrospective effect from 1 July 2021

Publication details will be made available later

11 August 2021 – The updated guide, How to Register for eFiling and Manage Your User Profile , was published with the latest information: Chatbot and Approve Tax Type Transfer request

TREASURY:

Media Statement: Appointment of Two Additional Deputy Commissioners of the FSCA – 17 August 2021
Annexure A: Report of the FSCA Shortlisting Panel to the Minister of Finance on the Appointment of Deputy Commissioners 2 July 2021 – 17 August 2021
Annexure B: FSCA Deputy Commissioners Comments Matrix – 17 August 2021
Media statement - Metro TED Symposium – 17 August 2021
Media Advisory - Metro TED Symposium – 17 August 2021
Media Statement: Publication of the Second Batch of the 2021 Draft TLAB – 12 August 2021
Draft Explanatory Notes on the Emergency Tax Measures – 12 August 2021
Second Batch of the 2021 Draft TLAB – 12 August 2021
Second Batch of the 2021 Draft TALAB – 12 August 2021
Media Statement: Publication of the Second Batch of the 2021 Draft TLAB – 12 August 2021
Media statement: Annual Report on Non-Compliance with Payment of Supplier's Invoices - 12 August 2021
Annual Report on Non-Complaince with Payment of Supplier's Invoices - 2020-2021 Approved – 12 August 2021
Media Statement: GTAC Winter School – 12 August 2021

OECD:

Barbados joins agreement to address the tax challenges arising from the digitalisation of the economy - 12 August 2021

ATAF:

A look at ATAF’s Technical Assistance in July

SARB:

Exchange Control Circulars:

Exchange Control Circular No. 18/2021 - Appointment of Home Remitt (Pty) Limited as an Authorised Dealer in foreign exchange with limited authority

Legal and Policy 19 August 2021

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