Tax Workshops and Mobile Tax Units
31 January 2024 – The schedules for tax workshops and mobile tax units arranged for Mpumalanga province during February and March are now available.
Source: SARS Tariffs
Tax Workshops and Mobile Tax Units
Provisional Tax – Solar energy tax credit
26 January 2024 – In order to encourage households to invest in clean electricity generation capacity as soon as possible, a tax credit has been introduced under section 6C of the Income Tax Act for a limited time period. Section 6C is deemed to have come into operation on 1 March 2023 and applies in respect of years of assessment commencing on or after this date. Furthermore, this section is only available for a period of one year, that is, from 1 March 2023 to 29 February 2024.
This tax credit applies to any natural person who is liable for personal income tax and who invests in qualifying solar photovoltaic panels (solar PV panels).
Under this section, a natural person may be eligible for the tax credit on the cost that has been actually incurred in respect of the acquisition of qualifying solar PV panels. The cost relating to other components of a complete solar energy system such as inverters, batteries and supporting structures do not qualify for the tax credit.
Since the intention is to encourage natural persons to invest in renewable energy, the carrying on of a trade is not a requirement to be eligible to claim this tax credit.
The Provisional Tax Return (IRP6) has been updated with a “Solar energy tax credit” field to enable provisional taxpayers to take the tax credit into account in determining provisional tax payable for the second provisional period of the 2024 year of assessment.
For more information, see the updated guide: GEN-PT-01-G01 – Guide for Provisional Tax – External Guide.
Source: SARS Tariffs
Provisional Tax – Solar energy tax credit
e@syFile platform upgrade on 27 January 2024
26 January 2024 – 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. 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.
In accordance with 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.
Considering the above, SARS Digital platform upgrades are scheduled for Saturday, 27 January 2024 from 22h00 to 01h00 on Sunday 28 January 2024.
During this time, you may experience intermittent service interruption on our e@syFile Platforms.
Source: SARS Tariffs
e@syFile platform upgrade on 27 January 2024
eFiling platform upgrade on 26 January 2024
26 January 2024 – 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. 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.
In accordance with 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.
Considering the above, SARS Digital platform upgrades are scheduled for today, 26 January from 18:00 to 22:00.
During this time, you may experience intermittent service interruption on our eFiling Platform.
Source: SARS Tariffs
eFiling platform upgrade on 26 January 2024
Legal Counsel – Secondary Legislation – Rule Amendments 2024
25 January 2024 – Customs and Excise Act, 1964: The rule amendments notices, scheduled for publication in the Government Gazette, relate to the amendments to rules under sections 49 and 120, amending –
- trade agreements (DAR256); and
- substitution of the DA 177 – Environmental Levy Account for Carbon Dioxide Emission Levy (DAR255).
Publication details will be made available later
Source: SARS Tariffs
Legal Counsel – Secondary Legislation – Rule Amendments 2024
eFiling platform upgrade on 27 January 2024
25 January 2024 – 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 and technology infrastructure. To provide clarity and certainty, make it easy for taxpayers and traders to comply with their obligations and building public trust and confidence, our technology assets must demonstrate the highest levels of availability, robustness and security.
In accordance with 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 and technology infrastructure are available, robust and secure, by performing regular upgrades, enhancements and maintenance.
Considering the above, SARS Digital platform upgrades are scheduled for Saturday, 27 January 2024 from 22h00 to 02h00 on Sunday 28 January 2024.
Responses (CUSRES messages) to transactions submitted during this time will be delayed, however, arrival and exit management functions are available at land border posts for all released declarations and manifests.
Stakeholders are therefore urged to submit priority Goods Declarations (bills of entry) and Road Manifest by Saturday, 27 January 2024 @ 21h00.
Source: SARS Tariffs
eFiling platform upgrade on 27 January 2024
Customs: 13th deferment payment at the end of the 2023/2024 financial year
24 January 2024 – A reminder to all Customs clients who are deferment account holders to kindly adhere to the 13th deferment payment requirements, which becomes due by end of the financial year, 28 March 2024. For more information, see the letter to Trade here.
Source: SARS Tariffs
Customs: 13th deferment payment at the end of the 2023/2024 financial year
Customs RLA update
23 January 2024 – The facility codes used in Box 30 on the Customs Clearance Declaration (CCD) have been updated to include the details of the new approved container depot – Grindrod Logistics (Pty) Ltd. in Port Elizabeth. This enables Customs to transmit electronic messages to these facilities communicating the status of the consignment. If the applicable facility codes listed in SC-CF-19-A02 is not inserted in Box 30 on the CCD, the CCD will be rejected by Customs.
The external annexure can be accessed through the following link: SC-CF-19-A02 – Facility Code List – External Annexure.
Source: SARS Tariffs
Customs RLA update
Amendments to the criteria for registration of Tax Practitioners and the recognition of Controlling Bodies
22 January 2024 – To fully implement chapter 18 of the Tax Administration Act and ensure the professionalism of the tax advisory industry, the criteria for the recognition of controlling bodies and the registration of tax practitioners has been updated.
The amended criteria pertain to the following:
- Requirements of individuals when registering as a Tax Practitioner.
- Requirements of Tax Practitioner Membership relating to their RCBs.
- Requirements of Controlling Bodies to be approved as RCBs.
For more information, see the updated guide:
Source: SARS Tariffs
Amendments to the criteria for registration of Tax Practitioners and the recognition of Controlling Bodies
Media release – Compliance focus for transfer pricing adjustments
19 January 2024 – The South African Revenue Service (SARS) has today published draft rule amendments for public comment with the view to facilitate transfer pricing adjustments.
The rule amendments under the Customs and Excise Act, 1964, (Act No91 of 1964) will provide clarity and certainty for multi-national enterprises on how to account for their transfer pricing adjustments on previous Customs declarations. This will ensure that they are compliant with their Customs obligations.
Price fluctuations of goods and services delivered by multinationals have a knock-on effect and impact the profits and, as a result, the tax liability of the multinationals. It is then the obligation of the multinational to adjust the transfer pricing payment retrospectively to ensure compliance.
The draft amendments have been published on the SARS website for public comment and announced on SARS social media. The Customs community is requested to participate in the process.
“This is another step to make it easy and simple for taxpayers and traders to comply voluntarily with their obligations,” said SARS Commissioner Mr Edward Kieswetter.
“Legislation allows the organisation to outline the rules and procedures that promote compliance in unambiguous terms and strengthen the tax and Customs eco-system that affects our stakeholders, nationally and internationally.”
For further information, please contact SARSMedia@sars.gov.za.
Source: SARS Tariffs
Media release – Compliance focus for transfer pricing adjustments
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