Tax Alert - The section 11(e) wear-and-tear or depreciation allowance
This Alert is to provide a brief overview of the most important changes to IN47 from the previous version.
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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:
Notice of 2020 filing season
Following a media release relating to the 2020 filing season on 25 June 2020, SARS issued Notice No. 741 in Government Gazette No. 43495 on Friday 3 July. This notice officially notifies taxpayers to submit their tax returns for the 2020 year of assessment.
This Alert discusses the submission requirements announced in the Gazette on 3 July.
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Notice of 2020 filing season
Previous editions: Tax, VAT, customs and trade alerts
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Tax Alert - COVID-19 and the 2020 Supplementary Budget: Introduction of Bills containing tax measures to deal with the pandemic
On Wednesday 24 June, the Minister of Finance, introduced the final Disaster Management Tax Relief Bill, 2020, and Disaster Management Tax Relief Administration Bill, 2020.
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VAT: Apportionment and direct attribution
In ABC (Pty) Ltd v CSARS (VAT 1626) [2020] SARSTC, the Tax Court upheld an appeal by a vendor to apply direct attribution.
Download PDF - 185 KB
Tax Alert - Disaster Management Tax Relief Administration Bill: Introduction in Parliament
The South African Revenue Service published a notice in the Government Gazette to the effect that the Disaster Management Tax Relief Administration Bill, 2020, will be introduced in Parliament on 24 June.
Download PDF - 324 KB
Tax Alert - 2020 tax filing season
Although the 2020 tax filing season dates are yet to be formally gazetted, the South African Revenue Service (‘SARS’) has informally published these dates on its website.
Download PDF - 256 KB
Legal Alert - Impossibility of performance, force majeure and section 129(7) notices
This Alert explores certain legal aspects of force majeure and section 129(7) of the Companies Act in the context of the global COVID-19 pandemic.
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Tax Alert - COVID-19: Further tax measures to deal with the pandemic – revised draft legislation
On 23 April, National Treasury issued a Media Statement that provides further detail regarding the relevant tax measures, and two revised draft Bills, which give effect to these measures, were published on 1 May.
Download PDF - 356 KB
Tax Alert - VAT and loyalty programmes: Draft Interpretation Note
SARS has issued a Draft Interpretation Note (‘IN’) dealing with the value-added tax (‘VAT’) consequences of points-based loyalty programmes. The IN is intended to clarify the VAT implications resulting from participation in loyalty programmes for all parties involved.
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Tax Alert - New registration, licensing and accreditation system (RLA)
On 16 April 2020, SARS issued a communique to external stakeholders in relation to the Customs Registration, Licensing and Accreditation System (‘the RLA System’).
Download PDF - 205 KB
Tax Alert - VAT treatment of foreign donor funded projects
In terms of legislative amendments effective from 1 April 2020, a foreign donor funded project is required to be registered as a branch carrying on a separate enterprise from that of the implementing agency.
Download PDF - 276 KB
Tax Alert - COVID-19: Further tax measures to deal with the pandemic
On 23 April, National Treasury issued a Media Statement that provides further detail regarding the relevant tax measures. The purpose of this Alert is to provide a brief overview of these tax measures.
Download PDF - 356 KB
Tax Alert - COVID-19: Remission of penalties and interest
The COVID-19 pandemic and the accompanying five-week lockdown in South Africa present a number of challenges for many taxpayers.
Download PDF - 372 KB
Tax Alert - Lesotho - VAT rate increase
Lesotho has announced a VAT rate increase on telecommunications and electricity with effect from 1 April 2020 (‘the effective date’).
Download PDF - 249 KB
Legal Alert - Effects of COVID-19 on the operations of certain key institutions
This Alert advises on the effect of the lockdown on the normal operations of certain key institutions.
Download PDF - 219 KB
Tax Alert - VAT: Deeming a single supply to be a multiple supply
Read more about the recent judicial decision regarding single supply of advertising and marketing services provided by a vendor to foreign brand owners.
Download PDF - 319 KB
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