We provide a wealth of publications by PwC South Africa providing informed commentary on current developments in the tax arena, both locally and internationally. Through analysis and comment on new law and judicial decisions of interest, they assist business executives to identify developments and trends in tax law and revenue practice that might impact their business.
Submission of Third Party (IT3) returns to SARS
On 5 April 2013 SARS issued a notice in terms of s26 of the Tax Administration Act 2011 (TAA), requiring specified persons (reporting institutions) to submit bi-annual returns in respect of information as required in terms of the notice. These returns of information were previously required in terms of s69 of the Income Tax Act. Importantly the returns must be filed for applicable amounts for a half year period and then for a full year period.
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| Tax Alert 2013 | |
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| Tax Alert 2012 | ||
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| Tax Alert 2011 | |
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| Tax Alert 2010 | |
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| Tax Alert 2009 | |
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Foreign businesses selling digital products in South Africa to be registered as VAT vendors
National Treasury has proposed that foreign businesses, which sell digital products to South African customers should be required to register for VAT purposes in South Africa. The potential VAT implications of digital product sales, including books and music sold via the internet by suppliers who are neither resident nor established in South Africa, have caused uncertainties and resulted in VAT compliance concerns for these foreign businesses.
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| VAT Alert 2012 | |
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| VAT Alert 2011 | |
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| VAT Alert 2010 | |
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| VAT Alert 2009 | |
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On-Site Verification: Be aware of the potential impact on your business
The South African Revenue Service's Customs National Audit team has developed and is deploying an intensive information gathering exercise whereby detailed information is sought regarding the respondent's business. This on-site verification process is a precursor to the implementation of the revised Customs and Excise Act, 1964 ("the Customs Act") anticipated to be made effective in the third quarter of 2010. With greater emphasis on Customs' clients being selfcompliant, the National Audit Team appear to be preparing for the implementation of this new legislation by enhancing the customs to business interactions.
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| Customs Alert 2010 | |
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| Customs Alert 2009 | |
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