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Due Date for Income Tax Returns Extended

Due Date for Income Tax Returns Extended


South African Revenue Service The due date for income tax returns has been extended. The South African Revenue Service (SARS) announced the extension in Government Gazette 45539 in terms of…

Technical Tax Proposals for 2022 Budget Sought


National Treasury National treasury seeks technical tax proposals to be considered for possible inclusion in Annexure C of the 2022 Budget Review. In a statement, treasury points out that new…

Tax Administration Laws Bill Heading for Parliament


South African Revenue Service The Tax Administration Laws Amendment Bill is heading for parliament. The South African Revenue Service published the draft bill’s explanatory summary in Government Gazette 45437. The…

Regulation 28 of Pensions Fund Act Under the Spotlight


National Treasury Proposed amendments to Regulation 28 of the Pensions Fund Act have been drawn up. National treasury published the draft amendments in Government Gazette 45396 for comment. Regulation 28…

Treasury Shines Light on Anti-Money Laundering System


National Treasury The continuous strengthening of the country’s anti-money laundering, counter financing of terrorism and counter financing of proliferation (AML/CFT/CPF) system is central to protecting and helping to make the…

Date for Medium Term Budget Policy Statement Set Down


National Treasury The Medium Term Budget Policy Statement (MTBPS) will be tabled on 4 November 2021 in the national assembly. In a statement, national treasury confirmed that the MTBPS sets…

IRBA Shines Light on Registration of Registered Auditors


Independent Regulatory Board for Auditors The Independent Regulatory Board for Auditors has published information on the registration of registered auditors and registered candidate auditors. The processes and documents prescribed in…

Parliament Updated on Carbon Tax Policy


National Treasury National treasury has updated parliament on the Carbon Tax Policy and sustainable finance initiatives. The Carbon Tax Act came into effect on 1 June 2019. In the briefing…

Second Special Appropriation Bill Heading for Parliament


National Treasury A Second Special Appropriation Bill is heading for parliament. National treasury published the draft bill’s explanatory summary in Government Gazette 45013. The draft bill aims to address the…

Customs and Excise Act Rules Amended


South African Revenue Service Customs and Excise Act Rules have been amended. The South African Revenue Service (SARS) published the amended Rules in Government Gazette 44983. A new paragraph (b)…