27 August 2024 – As you are aware SARS has been making system enhancements to the Tax Directives process to accommodate the Two-Pot Retirement Scheme that will commence on 1 September 2024. While trade testing had already commenced on 1 July 2024, it should be noted that the trade testing has been extended to 30 August 2024 to allow for the testing of the latest changes that had been incorporated into IBIR-006 Tax Directives interim Interface Specification Version 6.705. These updates include:
- Rebates Calculation
- Calculation of 1 third allowable Lump Sum
- Definition of Annual Renumeration of IRP3(a)
The current trade testing link will remain active for trade testing and the NCTS mailbox will remain open until 30 August 2024.
All submissions for trade testers and ISVs to SARS must be concluded by 15h00 on 30 August 2024 and will be processed as normal. Any submission received after this cut off time will be rejected. “Live” submissions can commence again after the software implementation on 30 August 2024. Please note all ISV submissions to SARS henceforth must be based on the IBIR-006 Tax Directives interim Interface Specification Version 6.705 requirements. The steps for submitting test files remains the same as previously communicated.
For trade testing queries please email [email protected].
