DRAFT DOCUMENTS FOR PUBLIC COMMENT

 
All comments received on drafts are considered in full, but due to time constraints, no individual correspondence will be entered into.
 
The draft documents are categorised according to their due date for comments and comments may be submitted per email to the address indicated in the last column.
 
 
 

Latest draft uploaded for comment

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19 August 2016

​Next due date for comments

Legislation Category Description​ Send comments to:​

29 July 2016

​Income Tax Act, 1962​

Draft Interpretation Note

Explanatory Note:
This draft Interpretation Note provides guidance on the interpretation and application of section 25BB which deals with the taxation of REITs and controlled companies. It also considers other selected provisions of the Act that are particularly relevant to REITs, controlled companies and the holders of shares or linked units in these companies. 
policycomments@sars.gov.za
30 June 2016
extended to
29 July 2016
Customs & Excise Act, 1964​
The changes in Harmonized System (HS) Nomenclature
 
HS 2017 reflect the amendments to the Nomenclature appended to the International Convention on the Harmonised Commodity Description and Coding System (HS Convention), which were accepted as a result of the Customs Co-operation Council's (now the World Customs Organisation) recommendations of 27 June 2014.
 
Complementary amendments to the HS Nomenclature 2017 Edition have been accepted as a result of the Council recommendation of 11 June 2015.
 
The drafts consist of the following and can be viewed under the HS 2017 page:
  • Draft explanatory memorandum;
  • Draft amendment of Part 1 of Schedule No. 1 to implement HS 2017;
  • Draft amendment of Section A of Part 2 to Schedule No. 1 as a consequence to Schedule No. 1 Part 1 amendments;
  • Draft amendment of Section B of Part 2 to Schedule No. 1 as a consequence to Schedule No. 1 Part 1 amendments;
  • Draft amendment of Schedule 2 as a consequence to Schedule No. 1 Part 1 amendments;
  • Draft amendment of Schedule No. 3 as a consequence to Schedule No. 1 Part 1 amendments;
  • Draft amendment of Schedule No. 6 as a consequence to Schedule No. 1 Part 1 amendments;
  • Draft correlation table for Schedule No. 1 Part 1; and
  • Draft correlation table for all consequential amendments.
     
To view all draft amendments kindly click here or visit the HS 2017 webpage.
lkeyser@sars.gov.za
ampanza@sars.gov.za
mmaphosa@sars.gov.za
8 August 2016 National Legislation​

Draft Bills

 

Explanatory Note:
See the media statement issued by the National Treasury.

 

The Draft Bills contain amendments to tax Acts, to give effect to changes proposed in the Budget Speech and the Budget Review of 2016.

acollins@sars.gov.za
8 August 2016 National Legislation​

Draft Bills

The following draft Bills, Explanatory Memorandum and Media Statement have been published on National Treasury's website for a third round of comment:

  • Draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill, 2016 
  • Draft Rates and Monetary Amounts and Amendment of Revenue Laws (Administration) Bill, 2016
  • Draft Explanatory Memorandum on the Special Voluntary Disclosure Programme in respect of offshore assets and income
  • Media Statement – Revised Special Voluntary Disclosure Programme in respect of offshore assets and income

Explanatory Note:
The National Treasury and SARS have already asked and received comments on two previous versions of these Bills. Any additional comments on the revisions included in the latest drafts of the Bills should please be forwarded in writing to the e-mail provided.

acollins@sars.gov.za

19 August 2016
New!​

​Tax Administration Act, 2011 Draft Public Notice
Explanatory Note:
The draft notice setting out additional record-keeping requirements for transfer pricing transactions is hereby published for a final round of public comment.

The initial draft was published on 15 December 2015.
acollins@sars.gov.za
27 June 2016
extended to
29 July 2016

Further extended to 30 December 2016
 
Income Tax Act, 1962 & Value-Added Tax Act, 1991​ Draft Guide
Explanatory Note:
The income and expenditure of sports clubs and players have various income tax, employees’ tax and value-added tax implications. The Draft Guide on the Taxation of Professional Sports Clubs and Players is meant to provide clarity in relation to some of the issues and situations experienced by sports clubs and sportspersons in South Africa. As not every situation can be addressed, the guide seeks to provide guidance on those matters most commonly experienced.
policycomments@sars.gov.za
 
 
  

 

 

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Type of Draft & Description

30 June 2016​ ​Customs & Excise Act, 1964 Draft Rule Amendment
Explanatory Note:
As discussed in the Industry Forum on Movement of New Imported Vehicles on Own Wheels held on 16 May 2016, comments are invited on the draft amendment as published.
21 June 2016 ​​Customs & Excise Act, 1964​​ ​Draft Amendment Notice
Explanatory Note:
The proposed amendments of Schedule No. 6 to the Act are contained in the draft amendments as follows:
  • Section C to Part 1 of Schedule No. 6 is amended to provide for the refund provision for the return of duty paid wine, vermouth and other fermented beverages which are off-specification or has become contaminated or has undergone post-manufacturing deterioration.
1 June 2016 ​Customs & Excise Act, 1964​​ Draft Rule Amendment
Explanatory Note:
The proposed rule amendment restricts the bulk removal of other fermented beverages to combat the illegal movement of such products to the illicit market. Bulk other fermented beverages will only be allowed to move to another licensed manufacturing warehouse, a licensed special storage warehouse, or for direct export. For purposes of the amendment, bulk other fermented beverages are such products that are not in packaging for retail sale.
31 May 2016 ​​Income Tax Act, 1962 Draft Interpretation Note
Explanatory Note:
This Note provides guidance on the circumstances under which section 10(1)(o)(i) exempts the remuneration derived by a person as an officer or crew member of a ship from normal tax.
18 May 2016 ​Customs & Excise Act, 1964​ ​​Draft Amendment Notice
Draft amendment for the insertion of Note 6, refund items 620.22/104.15, 620.23/104.16 and 620.24/104.17 in Section C to Part 1 of Schedule No. 6
Explanatory Note:
The proposed amendments of Schedule No. 6 to the Act are contained in the draft amendments as follows:
  • Section C to Part 1 of Schedule No. 6 is amended to provide for the refund provision for the return of duty paid wine, vermouth and other fermented beverages which have gone-off specification, or in respect of which post-manufacture deterioration have occurred.
13 May 2016 ​Income Tax Act, 1962 Draft Interpretation Note
Explanatory Note:
This Note discusses the interpretation and application of the foreign employment remuneration exemption in section 10(1)(o)(ii).
​3 May 2016 ​Tax Administration Act, 2011 Draft Regulations
Explanatory Note:
The Regulations specify the country-by-country reporting standard for multinational enterprises
29 April 2016 ​​National Legislation Draft Bills
Explanatory Note:
See the media statement issued by the National Treasury.
Explanatory Memoranda for these Bills are not issued, as matters are forthcoming from the 2016 Budget Review.
29 April 2016 ​Value-Added Tax Act, 1991 Draft Guide
Explanatory Note:
This guide is a general guide concerning the application of the VAT Act to short-term insurance transactions in South Africa.
25 April 2016 ​Customs & Excise Act, 1964​ Draft Amendment Notice
Draft amendment of Part 1 of Schedule No. 1 to insert new provisions for fruit not containing any added sugar or sweetening matter in heading 08.11.
Explanatory Note:
The supply of fruit under Item 13 of Schedule 2 to the VAT Act is zero-rated if supplied by a vendor, and exempt from VAT on importation. Item 13 excludes fruit cooked or treated otherwise for the purpose of preserving such fruit in its natural state. The tariff amendment is required to align the relevant provisions in Part 1 of Schedule No. 1 of the Customs and Excise Act to Item 13 of Schedule 2 to the VAT Act.
22 April 2016 ​Value-Added Tax Act, 1991 Draft Binding General Ruling
Explanatory Note:
This BGR sets out circumstances and conditions under which an –
  • electronic services supplier is not required to register as a vendor in the Republic; or
  • electronic services supplier will not be required to account for output tax for the supply of electronic services facilitated by intermediaries; and
  • intermediary is required to account for output tax in relation to the supply of electronic services by an electronic services supplier to a recipient.
22 April 2016 ​Value-Added Tax Act, 1991 Draft Binding General Ruling
Explanatory Note:
The draft BGR deals with the documentary proof in relation to the deduction of input tax on importation.
1 April 2016
Extended to
15 April 2016​​
​Customs Control Act, 2014 ​​ Draft Customs Control Act Rules

Explanatory Note
:
Explanatory Note – Draft Customs Act Rules – Second Round
​15 April 2016 ​Income Tax Act, 1962 ​​Draft Interpretation Note
Explanatory Note:
This draft Note provides guidance on the interpretation and application of various provisions of the Act relating to foreign dividends. It discusses the current gross income inclusion, exemptions and other provisions applicable to foreign dividends.
 
The Note does not deal with the income tax consequences of a dividend paid by a headquarter company since this is addressed in the draft Interpretation Note issued on 12 February 2015 “Headquarter Companies”.
Interpretation Note No. 2 (Issue 3) "Foreign Dividends – Deductibility of Interest" archived on 11 February 2016 because of legislative amendments. Section 11C was repealed with effect from 1 April 2012.
8 April 2016 ​National Legislation​ Draft Regulations
Explanatory Note:
To amend Regulation 9 of the Regulations R.172 of 25 February 2015
22 March 2016
Extended to
7 April 2016
​Tax Administration Act, 2011​ Draft Notice
Explanatory Note:
This draft notice proposes the replacement of the promulgated rules in terms of section 255 of the Tax Administration Act, 2011, prescribing the rules of electronic communication (Notice 664 published in Government Gazette No. 37940, dated the 25th of August 2014).
29 March 2016 ​Value-Added Tax Act, 1991 Draft Binding General Ruling
Explanatory Note:
This draft BGR prescribes the circumstances under which the Commissioner will allow a vendor to use alternative documentary proof to substantiate the vendor’s entitlement to a deduction under section 16(3).
29 March 2016 ​Value-Added Tax Act, 1991 Draft Interpretation Note
 
Explanatory Note:
This draft Note prescribes the documentary proof required under section 16(2)(f) that must be obtained and retained by a vendor (or the vendor’s agent) to substantiate the vendor’s entitlement to a deduction as contemplated in sections 16(3)(c) to (n).
18 March 2016 ​Income Tax Act, 1962​ Draft Interpretation Note

Explanatory Note:
Section 12L allows taxpayers to claim a deduction for most forms of energy-efficiency savings that result from activities performed in the carrying on of any trade and in the production of income.
​18 March 2016 ​​Value-Added Tax Act, 1991 Value-Added Tax Act, 1991
Explanatory Note:
This BGR sets out the VAT rate applicable to the supply and importation of vegetables and fruit; and withdraws BGR (VAT) No. 18 dated 27 March 2013 “The Zero-Rating of Various Types of Dates”.
15 March 2016 ​Value-Added Tax Act, 1991

Draft Binding General Ruling

Explanatory Note:
The BGR sets out the information that must be contained in documentation for it to be regarded as being acceptable to the Commissioner, where the vendor is unable to obtain the documents specified under section 16(2)(a)-(f).

15 January 2016
Extended to
31 January 2016

Further extended to 28 February 2016
​​​Customs & Excise Act, 1964 Draft Rule Amendment
Explanatory Note:
In order to improve the operational information available to SARS for anti-illicit tobacco excise enforcement, all tobacco manufacturing equipment are required to be fitted with functional sealed counters.  Production quantities for each tobacco manufacturing plant shall be determined by means of these counters that will be sealed by SARS officials at the expense of the manufacturer.
26 February 2016 ​Income Tax Act​​, 1962 ​​​Draft Guide
Explanatory Note:
This draft guide contains information about a simplified tax system that is available for micro businesses (businesses with a qualifying turnover of R1 million or less). The system provides for a single tax in the place of normal tax, capital gains tax (CGT) and dividends tax. Under normal circumstances an application to switch to (or from) the system must be made before 1 March each year. 
19 February 2016 Customs & Excise Act, 1964 Draft Amendment Schedule 6
  • Note 6(f) to substitute Notes (ii)(cc); (iii)(ss) and (iv) and to insert new Notes 6(f)(iii)(vv) and (h)(viii) in Part 3 of Schedule No. 6

Explanatory Note:
Interim amendments to the diesel fuel tax refund system are proposed as follows:
  • Cessions of mining rights
  • Mining rehabilitation
  • Quarrying
  • Small-scale sugarcane growers
As contractors and joint ventures are currently addressed through dispute resolution, no interim amendments to the present system are included for such beneficiaries.

To give effect to this proposal the draft amendments to the Schedule to the Act are contained in the draft amendments as follows:
  1. By the substitution of Note 6(f)(ii)(cc)
  2. By the substitution of Note 6(f)(iii)(ss)
  3. By the substitution of Note 6(f)(iv)
  4. By the insertion of Note 6(f)(iii)(vv)
  5. By the insertion of Note 6(h)(viii)
19 February 2016 ​Tax Administration Act, 2011 ​​Public Notice listing incidences of non-compliance in respect of the OECD Standard for Automatic Exchange of Financial Account Information in Tax Matters to be promulgated in Regulations under section 257 of the Tax Administration Act, 2011, that are subject to a fixed amount penalty under Chapter 15 of the Act.
​5 February 2016 ​Tax Administration Act, 2011​​ Draft Public Notice
Explanatory Note:
The draft notice sets out additional record-keeping requirements for transfer pricing transactions.
3 February 2016 ​Customs & Excise Act, 1964​ Draft Amendments proposed to the Tariff and Rules for the insertion of an Environmental Levy on Tyres
 
Explanatory Notes:
The Minister announced in his budget speech on 25 February 2015 the implementation of additional environmental levies on a range of waste streams to help divert waste away from the landfills towards reuse, recycling and recovery. As a first step in this direction, Government proposed a tyre levy to be implemented under the Customs and Excise Act, 1964 (the Act). These amendments are intended to be implemented with effect from 1 April 2016.
To give effect to this proposal the draft amendments to the Rules and the Schedules to the Act are contained in the draft amendments as follows:
  1. Schedule No. 8 is amended to insert item 805.25 for the manufacture of goods specified in Section E to Part 3 of Schedule No. 1.
  2. Form DA 178 is being inserted to provide for the environmental levy return on tyres.
  3. Form DA 185.4B2 is being substituted to provide for the warehouse business type for tyres.
NOTE:
These proposed amendments are in addition to those published on 7 October 2015, for which comments needed to be submitted by 27 November 2015.
​29 January 2016 ​​Tax Administration Act, 2011​ ​​​Draft Public Notice

Explanatory Note:
The draft notice proposes the listing  of additional considerations in terms of section 80(2) of the Tax Administration Act, 2011.

​8 January 2016 ​Mineral Petroleum Resources Development Act No. 28 of 2008​ ​Draft Binding General Ruling

 

Explanatory Note:

This BGR provides clarity on the interpretation of the statement “condition in which that mineral resource was extracted” referred to in section 6A(1)(b) of the Mineral and Petroleum Resources Development Act No. 28 of 2008

​4 January 2016 ​Tax Administration Act, 2011​ ​​Draft Amendments proposed to the Common Reporting Standards in South Africa in terms of TAA, 2011

Explanatory Notes:
Implementing the Common Reporting Standard in South Africa in terms of Regulations under the Tax Administration Act, 2011

​​31 December 2015 ​Income Tax Act, 1962​
Draft Interpretation Note
Explanatory Note:
SARS previously published a discussion paper on its preliminary views on the income tax implications for the seller and purchaser when a transaction is structured so that the purchase price of assets acquired as part of a going concern is settled or partly settled by the assumption of contingent liabilities.
This draft IN follows on from that discussion paper. The scope of the Note has been expanded to consider select aspects to the extent that the relief in corporate rules under sections 42 to 47 is applied in these circumstances.
30 November 2015
 
​Tax Acts​
Media Release
Explanatory Note:
NT Media Release: Technical Tax Proposals for 2016 Budget Review
30 November 2015 Income Tax Act, 1962​​ Draft Interpretation Note
Explanatory Note:
This draft IN provides guidance on the application of section 66(13C) and the discretionary power vested in the Commissioner to accept financial accounts of a company for a period ending on a day which differs from the last day of the company's financial year.
Under section 66(13C) the Commissioner can accept accounts drawn to a "fixed day" which is within ten days on either side of its financial year. The financial year of a company is its year of assessment which ends on the last day of a calendar month. A "fixed day" could be a fixed day such as the last Friday before the financial year-end or a fixed date such as 5 March of a particular year.
 
​​27 November 2015 ​​Customs & Excise Act, 1964 ​​Draft Amendments proposed to the Tariff and Rules for the insertion of an Environmental Levy on Tyres
-------------------------
Explanatory Notes:
The Minister announced in his budget speech on 25 February 2015 the implementation of additional environmental levies on a range of waste streams to help divert waste away from the landfills towards reuse, recycling and recovering.
As a first step in this direction, Government proposed a tyre levy to be implemented under the Customs and Excise Act, 1964.
These amendments are intended to be implemented with effect from 1 April 2016.
The proposed amendment to Part 3 of Schedule No. 1 will provide for the new environmental levy on tyres and the rest are as a consequence of the proposed insertion.
​20 November 2015 ​Customs & Excise Act, 1964​ Draft Rule Amendment
Explanatory Note:
Currently, section 73 regulates currency conversion for imported goods.
The proposed rule amendment extends currency conversion to the value of goods exported if that value is expressed in a foreign currency. Because an entry can be prepared and submitted prior to the date the applicable conversion rates are published, it is proposed that the applicable date for a currency conversion in respect of goods exported or to be exported from the Republic is the date of the last day prior to the day on which the goods were entered for export
 
13 November 2015 ​Tax Administration Act​ Draft Notice
Explanatory Note:
This draft public notice is issued in terms of section 26 of the Tax Administration Act, 2011, which enables the Commissioner to by public notice require certain third parties to submit returns as provided in the notice.
 
The draft notice will, with effect from its date of publication, replace Notice 260 issued in Government Gazette No. 36346 dated 5 April 2013 and Notice 420 issued in Government Gazette No. 36565 dated 14 June 2013. 
 

​​31 October 2015

​Income Tax Act, 1962​ ​​Draft Interpretation Note
Explanatory Note:
This draft provides guidance on the interpretation and application of section 19 and paragraph 12A as well as the overlap with some other sections in the Act.
Section 19 and paragraph 12A deal with the income tax consequences (often a recoupment of the underlying expenditure or a reduction in the base cost of an applicable asset) that arise when, for example, a debt or a portion of a debt is forgiven without adequate consideration
 
16 October 2015 ​Employment Tax Incentive Act, 2013 Draft Guide for Second Round of Comment
Explanatory Note: 
This draft guide was circulated for comment in 2014 and as a result of the comments received, it is now circulated for a second round.
The employment tax incentive (ETI) is a temporary tax incentive awarded to eligible employers aimed at encouraging them to appoint employees between the ages of 18 and 29; and employees in any age in special economic zones; and in any industry identified by the Minister by notice in the Government Gazette.
The ETI applies to qualifying employees employed on or after 1 October 2013 by eligible employers.
 
​25 September 2015 ​Customs & Excise Act, 1964​ Draft Tariff Notices 
Explanatory Note:
The amendment in Part 1 of Schedule No. 1 proposes that a distinction is made in tariff subheading 2004.10 between processed potatoes on an 8-digit level for statistical purposes 
 
Part 3 of Schedule No. 2 is proposed to be amended accordingly
18 September 2015 ​Income Tax Act, 1962​​ Draft Interpretation Note
  • Draft IN on PBOs - The provision of funds, assets or other resources to associations of persons contemplated in Public Benefit Activity 10(iii)
Explanatory Note:
This draft focuses on "conduit PBOs" which provide funds to "associations of persons" which, in turn, must use such funds to carry on qualifying public benefit activities (PBAs). While the association of persons is not itself a PBO, the conduit PBO providing funds to it, must monitor how the funds are spent in order to ensure that the association of persons is using the funds for carrying on qualifying PBAs. The monitoring requirement imposed on the conduit PBO is a prerequisite for its continued approval as a PBO. 
 
20 July 2015 ​​Customs & Excise Act, 1964​ Draft Rule Amendment
Explanatory Note:
The amendment includes the addition in rule 64E.14 of two new benefits for Level 2 accredited client status relating to the examination of goods
​​30 June 2015 ​Tax Administration Act, 2011
Draft Public Notice on Reportable Arrangements
Explanatory Note:
The draft proposes the addition of a reportable arrangement in terms of section 35(2) to the current list
 
5 June 2015
 
Extended to 19 June 2015 
​Customs Duty Act, 2014
Draft Customs Duty Rules
Explanatory Note:
The draft contains the draft rules proposed under Chapters 1, 3 to 9 and 11 to 13 of the Customs Duty Act, 2014 (Act No. 30 of 2014)
 
Kindly use the Comment Sheet template to submit the comments you might have by no later than 5 June 2015

Note:
The due date for comments is extended to 19 June 2015 
 
Please note that consequential amendments following alignment of Chapter 37 of the Customs Control Act with Tax Administration Act procedures on dispute resolution will be effected to i.a. Chapter 11 of the Duty Act. 
 
These amendments will be published in due course.
 
​31 May 2015 ​Value-Added Tax Act, 1991
Binding General Ruling (BGR)
​​Draft BGR for second round of comments
 
Explanatory Note:
This draft sets out the VAT rate applicable to the supply and importation of fruit and vegetables in their various forms and will withdraw BGR 18 (VAT) on the zero-rating of various types of dates published on 27 March 2013
 
This draft was circulated for comment on 19 March 2014. SARS has received requests to delay finalisation in order to allow for additional submissions and after due consideration, SARS has agreed to issue an updated draft for a second round of comment
 
25 May 2015 ​Customs & Excise Act, 1964
Draft Rule Amendments in terms of sections 28, 32 and 110
 
Explanatory Note:
For purpose of testing alcoholic strength, the obsolete alcohol hydrometer is replaced by the current alcohol density metre technology for spirits and a gas chromatograph for mineral ethanol
 
​30 April 2015

​Income Tax Act, 1962

Interpretation Note

Draft Interpretation Note
Explanatory Note:
This draft provides guidance on whether the extradition of the following deposits from the earth constitute "mining operations" and "mining" for income tax purposes:
  • Clay
  • Granite
  • Gravel
  • Limestone
  • Rock
  • Sand
  • Slate
  • Stone
​27 February 2015

​Income Tax Act, 1962

Draft Guide

Draft Guide - section 12O
Explanatory Note:
South Africa's income tax system contains an incentive aimed at stimulating the production of films within the Republic. The incentive is contained in s.12O, which came into effect on 1 January 2012
 
It provides for the exemption from normal tax of income derived from the exploitation rights of approved films
 
It applies to all receipts and accruals of approved films if principal photography commenced on or after 1 January 2012, but before 1 January 2022
 
The draft guide provides general guidance on the exemption. The incentive was previously contained under s.24F, which had been repealed with effect from 12 December 2013. (It provided for an upfront deduction, or in some circumstances a deduction that was spread over 10 years, for certain production or post-production costs actually incurred by the taxpayer.)
 
​​20 February 2015

​Customs Control Act, 2014

Draft Amendment Act amendments and Draft Notices

Customs Control Rules
Explanatory Notes:
This is the Fourth Batch of Draft Customs Control Rules containing the draft rules for Chapters 32 to 41
 
Annexure A contains the "penalty list" and has been incorporated in the document for ease of reference. Although it doesn't currently form part of the Rules, it will be published at a later stage as the list referred to in section 876(1)(a) of the Customs Control Act, 2014
 
 
The draft amendments proposed for Chapter 37 are aimed at establishing uniform appeal and dispute resolution procedures for the Customs Control Act, 2014 and the Tax Administration Act, 2011 (TAA) and for that purpose to align the provisions of Chapter 37 of the Control Act with the corresponding provisions contained in Chapter 9 of the TAA
 
Please read this with the Fourth Batch of Draft Customs Control Rules and use the comment sheet template after you have adapted it to your needs
 
14 November 2014

​Customs Control Act, 2014

 

Draft Rules

Explanatory Note:
The draft contains the draft rules proposed under Chapters 21 and 23, and Chapters 25 to 31 of the Customs Control Act, 2014 (Act No. 31 of 2014)
 
Kindly use the Comment Sheet template to submit the comments you might have by no later than 14 November 2014
 
26 September 2014

​Customs Control Act, 2014

 

Draft Rules

 

Explanatory Note:
The draft contains the draft rules proposed under Chapters 11 to 20 and Chapter 24 of the Customs Control Act, 2014 (Act No. 31 of 2014)
 
Kindly use the Comment Sheet template to submit the comments you might have, by no later than 26 September 2014
 
​29 July 2014

​Customs Control Act, 2014

 

Draft Rules

Explanatory Note:
The draft Rules in terms of the proposed Customs Control Act (which is currently still the Customs Control Bill, 2013 [B45B of 2013]) are those proposed in terms of Chapters 1 and 3 to 10
 
Kindly use the Comment Sheet template to submit the comments you might have, by no later than 29 July 2014 
​23 June 2014

​Income Tax Act, 1962

​Draft Regulations in terms of paragraph 12D(5)(a) the Seventh Schedule on the -
Explanatory Note:
 
​30 June 2014 ​Draft Discussion Paper
​A review of the taxation of alcoholic beverages in South Africa
Explanatory Note:
National Treasury released these documents on 5 May 2014, following the 2010 and 2012 Budget Announcements. The discussion paper covers the following areas:
  • Experience of current excise duty structure for alcoholic beverages since 2002
  • Recent developments in excise policy formulation both locally and internationally
  • Alcohol excise tax anomalies
  • Scope for utilising the excise duty system to effectively internalise the social external costs arising from alcohol abuse
  • Policy reform options
31 May 2014 extended to 13 June 2014

​Value-Added Tax Act, 1991

 

Draft IN

Explanatory Note:
This draft Note serves to-
  • set out the value-added tax (VAT) treatment of the transport of passengers and goods, as well as ancillary transport services; and
  • withdraw VAT Practice Note No. 7 dated 10 February 1992; and
  • withdraw VAT Practice Note No. 10 dated 1 October 1991
31 May 2014

​Value-Added Tax Act, 1991

 

Draft Discussion Paper

Explanatory Note:
Loyalty programmes are incentive schemes used by businesses such as retailers or banks to encourage sales by offering rewards with the intention of attracting new customers, as well as retaining their respective customer bases
 
Businesses also use the information gathered throughout this process to identify trends in customer spending and maximise efficiency in their stock management systems
 
There is a range of different loyalty programmes currently available in the South African market. It recently came to SARS's attention that stakeholders operating loyalty programmes interpret and apply the relevant provisions in the VAT Act differently from each other
 
This document contains proposals intended to promote discussion between SARS and stakeholders with a view to-
  • identify and understand the current difficulties experienced, if any, in applying the provisions of the VAT Act;
  • identify areas in the VAT Act which may require amendments to address the difficulties identified, if any; and
  • adopt a policy which will result in the consistent application of VAT principles for all loyalty programmes
15 May 2014

​Value-Added Tax Act, 1991

 

 

Draft BGR

Explanatory Note:
This draft sets out the VAT rate applicable to the supply and importation of various types of frozen potato products
 
  
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