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Comment Sought on Carbon Offset Regulations

Comment Sought on Carbon Offset Regulations


National Treasury National treasury has published draft amendments to the Carbon Offset Regulations for comment. In a statement, treasury indicates that the draft amendments were drafted in terms of section…

Regulation 28 of the Pension Funds Act Under the Spotlight


National Treasury Draft amendments to Regulation 28 of the Pension Funds Act have been published for public comment. In a statement, national treasury pointed out that the proposed amendments are…

National Treasury Briefs Parliament on 2021 Budget


National Treasury Briefing parliament on the 2021 Budget yesterday, national treasury emphasized that it strikes a difficult balance between providing immediate support for the economy and shoring up the country’s…

IDC Exempted from PFMA on New Entities


National Treasury The Industrial Development Corporation (IDC) has been exempted for three years from informing national treasury on any new entities it seeks to set up. National treasury announced the…

Deadline to File Country-by Country Tax Returns Extended


South African Revenue Service The deadline to file country-by-country returns has been extended. The South African Revenue Service (SARS) announced the extension in Government Gazette 44170 in terms of the…

Schedule 1 of Customs and Excise Act Amended


South African Revenue Service An amendment to Schedule 1 of the Customs and Excise Act on wheat and wheaten flour has been published. The South African Revenue Service published the…

SARS Extends Deadline for Provisional Taxpayers Using eFiling


South African Revenue Service Provisional taxpayers using the eFiling platform have more time to submit returns. The South African Revenue Service (SARS) announced the extension for income tax returns in…

ITAC to Issue VAT Certificate on COVID-19 Vaccines


Department of Trade, Industry and Competition The International Trade Administration Commission (ITAC) is issuing a certificate to the South African Revenue Service for the importation of Covid-19 vaccines. The trade,…

SARS Increases Rebate on Woven Cotton Fabric


South African Revenue Service The customs duty rebate on woven fabrics of cotton has been increased from full duty less 11% to full duty. The South African Revenue Service (SARS)…

Customs and Excise Act Rules Amended


South African Revenue Service Rule 49G on the Economic Partnership Agreement between the Southern African Customs Union member states and Mozambique and the United Kingdom (UK) has been inserted into…