FAQ: What documents do I need to claim a rebate?
Taxpayers will need a VAT invoice showing the cost of the solar panels separately from other items, along with proof of payment. The installation will have to be proved with a certificate of compliance in terms of the Electrical Installation Regulations (2009) to ensure safety of the installation and compliance with electric regulations.
FAQ: Does the rebate apply to only new and unused solar PV panels?
Yes, it only applies to new and unused solar photovoltaic (PV) panels with a minimum generation capacity of 275 watt per panel (design output), installed as part of a new system, or as an extension of an existing system. The solar system must be connected to the main distribution board of the residence (i.e. no […]
FAQ: What is the SARS solar tax benefit?
This incentive is available for one year between 1 March 2023 and 29 February 2024. Individuals who install rooftop solar panel(s) can claim a rebate of 25% of the cost of the panels, up to a maximum of R15 000 per taxpayer. Taxpayers can use the solar tax rebate to reduce tax liability in the […]
FAQ: There are concerns about personal information and the fact that each shareholder’s income tax number, cell number and email address is required to be disclosed to which a shareholder might object. Has SARS considered any POPI Act implications in this regard?
Yes, SARS has considered the issues raised, and will not be in violation of either the POPI Act or the SARS oath of secrecy.
FAQ: Should the declaration of the shareholding be at the date of submission of the return, or the shareholding at the end of the year of assessment for which the return is submitted?
The details of the holders of the beneficial interest in the shares as at the end of the year of assessment should be submitted. In other words, it should be a snapshot of the position at the end of the specific year of assessment.
FAQ: Where there are nominee shareholders holding shares on behalf of another shareholder, which shareholder’s information is meant to be disclosed? Should the ITR14 “share register” align to the company’s share register required in terms of the Companies Act, which will have the nominee shareholder and not the ultimate shareholder?
The ITR14 requires disclosure of the holder of the beneficial interest in the share, and not the nominee or registered holder.
FAQ: Whose contact details information should be disclosed, when completing the share register?
Is it the public officer for SA shareholder entities or perhaps the company secretary? What about foreign holding companies? What about Trusts? Complete the contact details of the individual/entity that owns (i.e., holds the beneficial interest in) the shares. Where this is a company, this would be the public officer, and where it is a […]
FAQ: I did not receive the initial communication from SARS about the notice to migrate to RLA, but I have received the intention to suspend?
SARS implemented the RLA system in April 2020, since then regular updates and webinars were conducted to educate traders to onboard to the new system; information can be obtained in the RLA webpage archives. Or see the RLA landing webpage where the above archive is linked from.
FAQ: Does the client automatically receive the old bond after the replacement has been approved?
Once a client has lodged a replacement bond, the required cancellation application must be submitted through the DA185 application.
FAQ: What happens when one wants to apply for the decreasing/increasing of bond?
If a client is on RLA they can submit an amendment application through eFilling for client types that are catered on RLA. If the client is not yet on RLA, they will need to submit a manual DA185 application. Re-assessment will be done, then approved or declined depending on the outcome of the assessment.
