Month: January 2023

30 January 2023 – Kindly note that the Witbank branch office is closed from today, Monday, 30 January 2023, until further notice.  Our apologies for the inconvenience.

Source: SARS Tariffs
SARS Witbank office closed

27 January 2023 – Income Tax Act, 1962:

MLI synthesised texts:

• Australia
• Austria
• Bulgaria
• Canada
• Cyprus
• Czech Republic
• Finland
• India
• Ireland
• Japan
• Korea
• Lesotho
• Luxembourg
• Mauritius
• Norway
• Oman
• Poland
• Qatar
• Saudi Arabia
• Singapore
• Slovak Republic
• Thailand
• United Arab Emirates

 

Source: SARS Tariffs
Legal Counsel – International Treaties & Agreements – Double Taxation Agreements & Protocols – Multilateral Instrument (MLI)

27 January 2023 – Beware of the last SMS scam saying taxpayers’ office return is yet to be filed and telling people to click on a link. Please ignore and don’t click on any links. If in doubt, please send an email to phishing@sars.gov.za. See an example of the latest scam – Scam – Office return SMS – 27 January 2023.

 

Source: SARS Tariffs
Scam alert

26 January 2023 – 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, 31 March 2023. See the letter to Trade here.

Source: SARS Tariffs
Customs – 13th Deferment payment at the end of 2022/2023 financial year

25 January 2023 – Surveys will be distributed to a sample of taxpayers and tax practitioners. See the wording on the Current surveys, emails and SMSs webpage as confirmation that it’s legit and not a scam.

Source: SARS Tariffs
Surveys to determine the reason for submission of NIL returns

24 January 2023 – The Tax Exempt Institutions Connect, second edition, is now available.

Source: SARS Tariffs
Newsletter: Tax Exempt Institutions Connect

20 January 2023 – Provisional taxpayers have until 23 January 2023 to submit their annual income tax return. We thank taxpayers who have already filed and encourage remaining filers to do the same.

Who is a provisional taxpayer? Any person who receives income or to whom income accrues other than remuneration or an allowance or advance such as travel allowance or subsistence allowance, is a provisional taxpayer. The complete definition and criteria with important exceptions to take note of, can be read at Provisional Tax | South African Revenue Service (sars.gov.za).

Late filing will attract administrative penalties.

#YourTaxMatters

Source: SARS Tariffs
Tax filing deadline reminder for Provisional Taxpayers: 23 January 2023

The South African Revenue Service (SARS) has today released an interpretation note titled “DETERMINATION OF THE TAXABLE INCOME OF CERTAIN PERSONS FROM INTERNATIONAL TRANSACTIONS: INTRA-GROUP LOANS” which provides guidance on how SARS will determine arm’s length pricing for intra-group loans. The Note also provides guidance on the consequences for a taxpayer if the amount of debt, the cost of debt or both are not arm’s length.

See the full Media Release here.

Source: SARS Tariffs
Media release – Transfer pricing: Intra-Group Loans

12 January 2023 – A survey will be distributed to a sample of VAT vendors. Below is the wording for you to know it’s legit and not a scam. For future studies, surveys, SMS and email campaigns from SARS, remember to visit our Current surveys, SMSs and Emails webpage.

Dear VAT Vendor,

SARS is conducting a customer experience survey and you have been selected to participate in the study. We kindly request your feedback on your interaction with SARS regarding your VAT registration. Your feedback will be used to understand your views and to help SARS improve on its VAT registration process.

Please be assured that your responses will remain anonymous, as the survey is completely confidential. If you would like to verify the authenticity of this email and the survey, please visit the SARS website at www.sars.gov.za.

Click the link below to complete this short survey.

Survey Link XXX

Sincerely,

SOUTH AFRICAN REVENUE SERVICE

Source: SARS Tariffs
Value-Added Tax (VAT) Customer Experience Study

11 January 2023 – The payment date for the Spirits Excise account for the November 2022 accounting period (130 days) has been corrected. It was indicated as 7 April 2023 but must be 6 April 2023. Click here for the updated submission and payment dates – Excise Duty/Levy payment and submission dates | South African Revenue Service (sars.gov.za).

 

Source: SARS Tariffs
Correction – Excise Duty payment for the November 130 days VMS account