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Last Updated : November 30, 2020
Parliament The Division of Revenue Second Amendment Bill has been passed by parliament and sent to president Ramaphosa for assent. The bill was tabled in parliament on 28 October 2020…
Article
Last Updated : November 27, 2020
National Treasury A differentiated approach was adopted in the tabled 2020 Tax Administration Laws Amendment Bill where, rather than do away with intent entirely, offences are categorized into those for…
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Last Updated : November 25, 2020
National Treasury Exchange Control Circular 15/2020 is under review. In a joint statement, national treasury, the South African Reserve Bank and Financial Sector Conduct Authority indicated that the review follows…
Article
Last Updated : November 23, 2020
South African Reserve Bank The South African Postbank SOC Limited has been designated as a clearing system participant. The South African Reserve Bank (SARB) announced the designation in Government Gazette…
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Last Updated : November 16, 2020
Parliament Parliament has agreed to the Fiscal Framework and Revenue Proposals contained in the 2020 Medium Term Budget Policy Statement (MTBPS). The 2020 MTBPS was tabled in parliament on 28…
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Last Updated : November 5, 2020
National Treasury National treasury has called on taxpayers, tax practitioners and members of the public to submit technical tax proposals to be considered for possible inclusion in Annexure C of…
Article
Last Updated : October 20, 2020
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 43811. Rule 59A.01A is amended…
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Last Updated : October 13, 2020
South African Revenue Service Changes have been introduced to the Organisation for Economic Cooperation and Development Standard for Automatic Exchange of Financial Account Information in Tax Matters. The South African…
Article
Last Updated : September 8, 2020
National Treasury National treasury and the Auditor-General will publish Preventative Control Guides on 9 September 2020. Treasury announced this in a briefing to parliament on procurement during the COVID-19 pandemic.…
Article
Last Updated : August 28, 2020
National Treasury The Coronavirus pandemic has made the discussion on the taxation of the digital economy more urgent as countries are now embarking on economic recovery plans. The deputy minister…
