28 February 2023 – See our Estate Duty webpage for information and clarification on whether the executor can be held personally liable for estate duty and when and how to request the Deceased Estate Compliance (DEC) letter.
Source: SARS Tariffs
Estate Duty
28 February 2023 – During the registration process on eFiling, Non-resident (Foreign) Trusts and Collective Investment Schemes Trust (CIS) are now able to register without the mandatory Trust registration number (as indicated on the Letter of Authority (LOA)).
A dropdown was implemented to allow the user to select the Trust Type first. The following Trust types will still be required to provide a Trust registration number: Inter vivos Trusts, Testamentary Trusts, Estate CGT Trusts and Special Trusts. For more information see the updated Guide on how to Register for eFiling and Manage Your User Profile.
Source: SARS Tariffs
eFiling registration enhancements for Trusts
28 February 2023 – SARS today releases trade statistics for January 2023 recording a preliminary trade balance deficit of R23.05 billion. The R23.05 billion preliminary trade balance deficit for January 2023 is attributable to exports of R139.36 billion and imports of R162.41 billion.
See the full media release here.
Visit the Trade Statistics webpage.
Source: SARS Tariffs
Trade Statistics for January 2023
28 February 2023 – The Guide for Transfer Duty via eFiling has been updated with the new tax rates.
Source: SARS Tariffs
Transfer Duty
27 February 2023 – The South African Revenue Service’s National Customs Enforcement Team working together with the South African Police Service and South African Defence Force over the weekend of 25-26 February intercepted truckloads of illicit cigarettes, based on intelligence received.
This is part of ongoing efforts to enhance the effectiveness of Customs in combating illicit trade, particularly in tobacco and cigarette. The joint intervention took place in areas and farms along South Africa’s borders. These significant detections involving cross-border smuggling are as follows:
The outcome of this special operation confirms that since the syndicated investigation work that SARS has been doing over the past three years in the tobacco and cigarette industry, there is a shift to increased cross-border smuggling. In this case, local manufacturers linked to the cigarette brands will be engaged as part of our ongoing investigations as it is known that these cigarettes originate from outside South Africa.
Furthermore, it justifies a conclusion, based on trends observed, that on average, over 500 people cross the border on any given day, with each person smuggling at least two master cases of illicit cigarettes on their backs. These cigarettes are then loaded into trucks, some owned by South Africans, and small vehicles which use alternative routes alongside the border and in collusion with some local farmers with to reach their intended destinations for distribution on the local market.
SARS will continue enhancing its Customs Enforcement capacity and capability to deal with illicit trade in collaboration with other law enforcement agencies aimed at improving the tax and Customs ecosystem and protecting the sovereignty of the Republic of South Africa, by making it hard and costly for traders and taxpayers who are wilfully, criminally and intentionally non-compliant.
SARS Commissioner Mr Edward Kieswetter lauded the joint efforts of the law enforcement agencies that led to this successful operation. He expressed his deep concern at the alleged involvement of many syndicates in these operations, within the bordering farming communities, including those who are using their properties and vehicles in collusion with these syndicates
“We will use all information gathered by enforcement agencies to follow up, and prosecute where necessary, those who are involved in these syndicated crimes. All those who are involved, irrespective of their nationality, will face the full might of the law. We will continue to carry out our enforcement work without fear, favour or prejudice to protect local industries and promote economic development,” Mr Kieswetter said.
Source: SARS Tariffs
Media release – Joint operation nets illicit cigarettes worth millions
27 February 2023 – Tuesday, 28 February 2023 is the deadline for individual provisional taxpayers to file their second provisional tax return (IRP6).
See Provisional Tax or this article to understand the requirements. Avoid penalties and file on time.
Source: SARS Tariffs
Deadline reminder for Individual provisional taxpayers to file second provisional tax return
24 February 2023 – As communicated earlier this week, achieving our Vision 2024 of a smart, modern SARS with unquestionable integrity that is trusted and admired is of paramount importance. Pivotal to the delivery of our vision are our digital platforms & technology infrastructure. In order to provide clarity & certainty, make it easy for taxpayers & traders to comply with their obligations and building public trust and confidence, our technology assets have to demonstrate the highest levels of availability, robustness and security.
Pursuant to our Vision and Strategic Objectives, which include modernising our systems to provide Digital and Streamlined online services, we are hard at work ensuring that our digital platforms & technology infrastructure are available, robust & secure, by performing regular upgrades, enhancements and maintenance.
In the light of the above, system upgrades are scheduled for Saturday, 25 February from 14:00 until 18:00. During this time various Tax Products on eFiling may not be available.
Source: SARS Tariffs
Reminder – Upgrade of the SARS platform
24 February 2023 – Enhanced cooperation and collaboration between SAPS/ DPCI (Hawks) and SARS is being bolstered with the signing of a new memorandum of understanding that promotes the exchange of information, joint initiatives and more effective operational arrangements in line with Financial Action Task Force (FATF) requirements.
Source: SARS Tariffs
Media Release – New accord further cements collaboration between SAPS/ DPCI and SARS
22 February 2023 – Income Tax Act, 1962
The income tax notices, scheduled for publication in the Government Gazette, relate to the –
Publication details will follow in due course
Source: SARS Tariffs
Legal Counsel – Secondary Legislation – Income Tax Notices 2023
21 February 2023 – Achieving our Vision 2024 of a smart, modern SARS with unquestionable integrity that is trusted and admired is of paramount importance. Pivotal to the delivery of our vision are our digital platforms & technology infrastructure. In order to provide clarity & certainty, make it easy for taxpayers & traders to comply with their obligations and building public trust and confidence, our technology assets have to demonstrate the highest levels of availability, robustness and security.
Pursuant to our Vision and Strategic Objectives, which include modernising our systems to provide Digital and Streamlined online services, we are hard at work ensuring that our digital platforms & technology infrastructure are available, robust & secure, by performing regular upgrades, enhancements and maintenance.
In the light of the above, system upgrades are scheduled for Saturday, 25 February from 14:00 until 18:00. During this time various Tax Products may not be available.
Source: SARS Tariffs
Upgrade of the SARS platform
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