With effect from 1 December 2021, SARS has been empowered to levy a late submission of return penalty where one or more personal income tax returns are outstanding. As a transitional measure for the first year, the one tax return or more rule will only apply to the 2021 tax return.
An updated Guide on the Determination of Medical Tax Credits has been issued by SARS to incorporate the recently amended List of Qualifying Physical Impairment or Disability Expenditure.
This draft interpretation note provides clarity on the interpretation and application of the definition of “employee” in section 1(1) of the Employment Tax Incentive (“ETI”) Act.
This is a tax court case dealing with an appeal from a taxpayer in respect of additional assessments raised by SARS on the basis that certain deposits (loan repayments) were treated as remuneration.
This draft interpretation note provides guidance on the interpretation and application of section 22B and paragraph 43A relating to the income tax treatment of extraordinary dividends on certain disposals and deemed disposals of shares by a company to prevent so-called “dividend stripping”. Comments may be emailed to policycomments@sars.gov.za before 14 January 2022.
This guide provides information and guidelines on the value-added tax (VAT) rulings process. It sets out the steps to be followed when applying for a VAT class ruling or a VAT ruling and explains certain terms.
This interpretation note (IN) clarifies the Value-Added Tax (VAT) implications resulting from the participation in loyalty programmes based on the current provisions of the Value-Added Tax Act 89 of 1991 (VAT Act).
This tax case is an Appeal to the Tax Court of South Africa against a decision by the Tax Board. It is in respect of whether supplies made by the appellant can be considered to be exempt in terms of section 2(1) of the VAT Act.
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