SARS to apply for leave to appeal the judgment of 16 November 2021
The Commissioner of the South African Revenue Service, Mr Edward Kieswetter, after receiving carefully considered legal advice, as well as a strong recommendation from the relevant SARS governance committee, has agreed that SARS should apply for leave to appeal the judgment of 16 November 2021 in the Arena Holdings matter.
Trade Statistics for October 2021
SARS today released trade statistics for October 2021 recording a preliminary trade balance surplus of R19.78 billion, attributable to exports of R147.92 billion and imports of R128.14 billion.
SARS extends filing season deadline
To afford other taxpayers the opportunity to comply with their legal requirements, SARS will extend the filing season deadline for non-provisional individual taxpayers from 23 November 2021 to 2 December 2021. SARS is acutely aware of systemic issues the organisation has experienced, as well as the impact of load-shedding on taxpayers which made it difficult for taxpayers to file their returns.
Continued collaboration towards tax transparency through exchange of information
Tax Transparency and Exchange of Information occupied center stage on the international tax agenda this past week with the back-to-back hosting of the Africa Initiative and OECD Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum) Plenary meetings.
High court judgment
The Commissioner of the South African Revenue Service (SARS), Mr Edward Kieswetter, has noted the judgment handed down by the Gauteng High Court in the matter of Arena Holdings and others v SARS and others on 16 November 2021, on the release of information relating to a taxpayer.
SARS welcomes the MTBPS Revenue Announcement
The South African Revenue Service (SARS) welcomes the unflinching commitment made by the Minister of Finance, Mr Enoch Godongwana, to fiscal sustainability, enabling long-term growth by narrowing the budget deficit and stabilising debt, when he presented the Medium Term Budget Policy Statement (MTBPS) in Parliament today.
SARS encouraged by results of new direction
The Commissioner of the South African Revenue Service (SARS), Mr Edward Kieswetter, told Parliament today that SARS was encouraged by the measured progress in rebuilding SARS as an institution transforming itself into a SMART Modern SARS.
Taxpayers urged to meet filing season deadline
The South African Revenue Service (SARS) wishes to remind individual non-provisional taxpayers to file their income tax returns on or before the deadline of 23 November 2021.
Physical Impairment or Disability Expenditure Prescribed by the Commissioner
The Commissioner of the South African Revenue Service (SARS) is permitted by law to publish a list of qualifying medical expenditure that is necessarily incurred and paid by a person during a year of assessment as a result of any physical impairment or disability suffered by the person or any dependant of the person (Disability List).
Trade Statistics for September 2021
SARS today released trade statistics for September 2021 recording a preliminary trade balance surplus of R22.24 billion attributable to exports of R157.02 billion and imports of R134.78 billion
