Tax Alert - Fixed non-compliance penalties on Corporate Income Tax returns implemented
On 14 December 2018, Government Notice No. 1372, which implements administrative penalties on CIT returns, was published in the Gazette.
Download PDF - 234 KB
Tax, VAT, customs and trade alerts
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.
In this alert:
Government Notice No. 1372, published in Government Gazette No. 42100, provides for the imposition of fixed amount penalties in terms of sections 210 and 211 of the Tax Administration Act, 2011 (Act No. 28 of 2011) in respect of corporate income tax (“CIT”) returns.
Please find a link below to the Tax Alert that deals with this matter.
Previous editions: Tax, VAT, customs and trade alerts
Filter by:
Legal Alert - Pre-qualification criteria in terms of the Broad Based Black Economic Empowerment Act No. 53 of 2003
Organs of state subject to the B-BBEE Codes may not impose pre-qualification criteria in respect of tenders unless empowered by the B-BBEE Codes to do so.
Download PDF - 263 KB
Tax Alert - Addendum: Fixed non-compliance penalties imposed on Corporate Income Tax returns
This alert provides clarity on the Fixed non-compliance penalties to be imposed on Corporate Income Tax ("CIT") returns.
Download PDF - 258 KB
Tax Alert - Revision of anti-avoidance rules on share buy-backs and dividend stripping
In the 2017 legislative cycle certain amendments were made, aimed at strengthening the “anti-dividend stripping” rules. The 2018 TLAB includes proposed amendments aimed at addressing the problems that arose from the 2017 amendments.
Download PDF - 267 KB
Tax Alert - Legislative developments: Revisions to the debt relief rules
The Taxation Laws Amendment Bill, 2018 proposes substantial amendments to the debt relief rules. The amendments, which are largely retrospective to the date on which the amendments of the 2017 legislative cycle became effective.
Download PDF - 269 KB
Tax Alert - Legislative developments: The doubtful debt allowance regime
The Taxation Laws Amendment Bill, 2018, which was introduced in Parliament proposes certain changes to section 11(j) of the Income Tax Act.
Download PDF - 251 KB
Tax Alert - Business strategy response to carbon tax
Carbon Tax will be postponed to 1 June 2019 and will be aligned with the carbon budget system being implemented by the Department of Environmental Affairs.
Download PDF - 101 KB
Tax Alert - VAT treatment of the supply of electronic services: an update
Certain amendments in the Bill deal with changes in the VAT treatment of the supply of electronic services (e-services) in South Africa. In addition, National Treasury published amendments to the existing regulations dealing with e-services.
Download PDF - 333 KB
Legal Alert - Legal Practice Act 28 of 2014
Certain parts of the Legal Practice Act 28 of 2014 came into operation in February 2015 such as operation related to the formation of the “National Forum on the Legal Profession” and its mandate during the LPA’s transitional period.
Download PDF - 275 KB
Legal Alert: Is temporary employment a permanent problem?
The judgement handed down in July 2018 by the Constitutional Court has caused much concern and speculation about the future of labour brokers in South Africa and the use of temporary workers by employers.
Download PDF - 246 KB
Tax Alert - Supreme Court of Appeal decision in SARS v Respublica.
The Supreme Court of Appeal held that the supply does not constitute “commercial accommodation”. As a result, the full value charged to the university must be subject to VAT at the standard rate.
Download PDF - 278 KB
Tax Alert - SARS impose administrative penalties for outstanding corporate income tax returns
On Monday, 1 October 2018, SARS notified taxpayers that – from December this year – administrative penalties will be imposed for outstanding corporate income tax returns.
Download PDF - 234 KB
Tax Alert - Tax Ombud to investigate complaints
A media statement released by the Office of the Tax Ombud on 19 September confirms that the Ombud has approval from the Minister of Finance to conduct two important reviews.
Download PDF - 237 KB
Tax Alert - VAT apportionment: annual adjustment
All vendors that are required to apportion input VAT must recalculate the apportionment ratio applied in the previous financial year using the audited financial statement of that year. Following the VAT rate increase on 1 April 2018, performing your annual apportionment adjustment has just become significantly more complex.
Download PDF - 129 KB
Tax Alert - Tax Ombud defines systemic issues at SARS
In a document published on 23 August, the Tax Ombud listed a number of specific systemic issues identified at SARS. As stated in the document, these systemic issues were identified based on the Tax Ombud’s report into alleged delayed payment of refunds as a systemic and emerging issue, as well as complaints received by his office from taxpayers.
Download PDF - 271 KB
Contact us
Follow us
