Day: <span>26 Nov 2021</span>

26 November 2021 – As part of the Customs Modernisation Programme (CMP), authorised dealers in foreign exchange and currency, the South African Reserve Bank (SARB) and SARS are collaborating to combat illicit financial flows and customs valuation fraud associated with the misuse of advance foreign exchange payments in respect of goods to be imported.

On 3 December 2021, SARS will be implementing a new functionality on its eFiling platform for importers to notify SARS of their intention to apply to an authorised dealer for an advance foreign exchange payment in respect of goods to be imported. For more information, see the letter to Trade.

The post Customs Advance Payment Notification appeared first on South African Revenue Service.

Source: SARS Tariffs
Customs Advance Payment Notification

26 November 2021 – Tax Administration Act, 2011 – Public Notices

• Notice 1531 as published in Government Gazette 45540 – Incidences of non-compliance by a person in terms of section 210(2) that are subject to a fixed amount penalty
• Notice 1530 as published in Government Gazette 45539 – Notice in terms of section 25(7) extending the date for certain persons to submit income tax returns for the 2021 tax year to 2 December 2021

The post Legal Counsel – Secondary Legislation – Public Notices appeared first on South African Revenue Service.

Source: SARS Tariffs
Legal Counsel – Secondary Legislation – Public Notices