Year: 2023

6 February 2023 – Invitation to a webinar on Tax Directives

SARS will host a webinar on Tax Directives to assist taxpayers to comply with their tax obligations.

A tax directive is an official instruction from SARS to a taxpayer’s employer or fund manager to deduct tax at a set rate, determined by SARS. This directive ensures that a fair tax rate is paid on your earnings, especially for larger or irregular payments. An approved tax directive is only valid for the tax year or period that it was applied for.

The following topics will be covered:

• Types of Tax Directives
• Type of Tax Directives by Tax Practitioners on behalf of Individuals and Employers
• Tax Directive application process
• Timelines for the Tax Directives applications
• Tax Directive updates/ changes
• Access to Tax Directives via eFiling

Taxpayers have the right to lodge a dispute when they are not in agreement with an assessment. The aim of this webinar is to educate taxpayers about their rights and obligations relating to the dispute process.

The following topics will be covered:

• Definition of the dispute process and the types of disputes that exist.
• Time frames for different disputes to be lodged
• What channels are available for the various dispute processes
• The timelines in which disputes and appeals are finalised.
• What is Alternative Dispute Resolution (ADR)?
• Common errors that lead to rejection of disputes and delay the dispute process.

The details of the webinar are as follows:

Date: Thursday, 09 February 2023
Time: 17:00-19:00

YouTube:  https://youtube.com/live/CrjDUA3Tzm0?feature=share

Source: SARS Tariffs
Webinar on Tax Directives

1 February 2023 – Kindly note that the Witbank branch office will be closed until Friday, 3 February 2023, and will re-open on Monday, 6 February 2023. Our apologies for the inconvenience.

Source: SARS Tariffs
SARS Witbank office closed – update

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