South African Revenue Service
Customs and Excise Act Rules have been amended.
The South African Revenue Service published the amendment of Rules (DAR 211) in Government Gazette 44506.
Amendments focus on electronic applications.
Amendments referring to the Agreement Establishing the African Continental Free Trade Area (AfCFTA) and the Economic Partnership Agreement between SACU and Mozambique, and the United Kingdom (SACUM-UK) are inserted into Rule 59A.01A.
An amendment to Rule 59A.07(2) stipulates that any registration shall be valid until the registrant informs the Commissioner that the registrant “has been inactive in relation to the activity for which that person was registered for a continuous period of three years and wishes to have the registration withdrawn”.
A new paragraph c that lists the premises for which applications must be submitted electronically or in paper format is inserted into Rule 60.01A.
A new Rule 60.11 dealing with validity period and renewal of licences is also inserted.
The amendments came into effect on 23 April 2021.
In Gazette 44505, the Independent Regulatory Board for Auditors (IRBA) seeks nominations of formerly registered auditors with at least ten years’ experience in signing audit opinions to fill two vacancies on IRBA’s Investigating Committee.
Applications are invited until 10 May 2021.
In Gazette 44508, national treasury announced the exemption of the South African National Road Agency SOC Ltd from Section 55(1)(b) of the Public Finance Management Act.
The exemption pertains to the use of the Generally Recognized Accounting Practice and applies to the current and following financial years.