31 October 2022 – SARS today releases trade statistics for September 2022 recording a preliminary trade balance surplus of R19.70 billion attributable to exports of R191.56 billion and imports of R171.86 billion.
See the full Media Release for September 2022 here.
Source: SARS Tariffs
Trade Statistics for September 2022
29 October 2022 – Third Party Data Returns are due on Monday, 31 October 2022, that includes the associated data files and correlating declarations [Data Types: IT3(b), IT3(c), IT3(s), MED, INS].
Important to note, submissions are not complete until declarations are submitted via eFiling that ensures your data files are reconciled via the respective Third Party Data Returns.
Third Party Data Providers are urged to make timely submissions, as incomplete, late or non-submissions may be liable for penalties and would impact your respective clients.
It is encouraging to convey that 88% of the required Third Party Data submissions have been receipted.
We would like to thank those Third Party Data Providers that made their submissions well in advance of the due date.
Should you experience any challenges while making your submissions, you are welcome to contact us by emailing SARS Third Party Data Support (Bus_Sys_CDSupport@sars.gov.za).
For more information, see the Third Party Submission Platform webpage
Source: SARS Tariffs
FINAL Reminder – Monday (31 October 2022) is the deadline to submit annual Third Party Data Returns
27 October 2022 – Income Tax Act, 1962
Source: SARS Tariffs
Legal Counsel – Binding Private Rulings – BPR 381–400
27 October 2022 – Income Tax Act, 1962
Source: SARS Tariffs
Legal Counsel – Binding Class Rulings – BCR 81–100
27 October 2022 – The Manage Diesel Refund Calculations Policy has been revised to include:
The extent of the rebate of the General Fuel and Road Accident Fund levies has been deleted from the document as it is readily available in Schedule 6. The path to the current and historic rates has been included.
Source: SARS Tariffs
Excise: Manage Diesel Refunds Calculations
27 October 2022 – Millions of rands worth of illegal or illicit goods were confiscated in several joint operations conducted through coordinated efforts within SARS over the past month.
SARS Enforcement Teams deployed to the East Rand in Gauteng and supported by the SAPS, found a truck offloading raw tobacco, allegedly imported from Zimbabwe, at a warehouse. The team also found a substantial number of boxes with raw tobacco, which had been previously delivered to the warehouse.
It was further established that the tobacco, which was destined for a Bonded Warehouse, had been illegally diverted to an unregistered warehouse. This is in contravention of the Customs and Excise Act.
The Joint Enforcement Teams conducted a full inspection, and the following goods were detained for further investigation:
o 472 boxes of raw tobacco with a Customs value of R10 919 000 (Incl. duties & Vat)
o Truck transporting the raw tobacco boxes to the value of R2 500 000.
See the full media statement here.
Source: SARS Tariffs
Media Release: SARS and law enforcement agencies take action against illegal and illicit goods
27 October 2022 – The PAYE BRS for Employer Reconciliation was updated. The PAYE BRS for Employer Reconciliation version 21 2 is now published (previous version was 21 1). The changes are:
See more information on the PAYE webpage:
Business Requirement Specifications (BRS) and timelines
|
Business Requirement Specification
|
Year Applicable | Submission dates* |
|---|---|---|
| BRS – PAYE Employer Reconciliation for 2022 / 2023 | 2023 Annual Employer Reconciliation (1 March 2022 – 28 February 2023) | Interim: 19 Sep – 31 Oct 2022 |
Source: SARS Tariffs
Updated PAYE BRS for Employer Reconciliation
26 October 2022 – The South African Revenue Service (SARS) welcomes the consistent emphasis by the Minister of Finance, Mr Enoch Godongwana, on ensuring that government finances are spent in an equitable, efficient and flexible manner to support South Africa’s development objectives.
The Minister’s policy message focused on strengthening South Africa’s fiscal integrity over the medium term through managing the county’s finances with prudence. The work of SARS is central in that efficient tax revenue collections contribute to the fiscal space required to attend to important social and investment spending priorities whilst keeping an eye on debt service costs.
Delivering the Medium-Term Budget Policy statement (MTBPS) in Parliament today, the Minister of Finance increased the revenue collection estimate that SARS must collect to R1682bn from R1 598bn. SARS provides about 90 percent of all government revenue, which makes this increase in the revenue to be collected by SARS very significant.
“As SARS, we accept the challenge of the revised higher revenue estimate. While the revised revenue estimate is steep, we are committed to act according to what is permissible in law to meet this challenge.” SARS Commissioner Edward Kieswetter said.
See the full media statement here.
Source: SARS Tariffs
Media Release: SARS committed to achieve higher revenue estimate
26 October 2022 – Thank you for submitting your income tax return on time. Filing Season for non-provisional taxpayers is now closed. The deadline for Provisional taxpayers is 23 January 2023. Not sure if you are a provisional taxpayer? See the provisional tax definition here.
Source: SARS Tariffs
Filing Season 2022 for non-provisional taxpayers is now closed
26 October 2022 – The SARS Uitenhage branch will be permanently closed from 29 October. Staff will continue to service taxpayers on an appointment basis at the Corkwood Square Mall, shop 57, 42 Union avenue Uitenhage. Click here to make an appointment.
Source: SARS Tariffs
Uitenhage Branch Closure
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