What’s New at SARS

10 March 2025 – The Limpopo Tax workshop schedule for March 2025 is now available.

10 March 2025 – Income Tax Act, 1962: Average Exchange Rates

• Table A – A list of the average exchange rates of selected currencies for a year of assessment as from December 2003
• Table B – A list of the monthly average exchange rates to assist a person whose year of assessment is shorter or longer than 12 months

• 7 March 2025 – Prohibited and Restricted Imports and Exports list
  • The following tariff headings require export permits:
    • 7403.12,
    • 7403.13,
    • 7403.19,
    • 7403.21,
    • 7403.22,
    • 7403.29.

7 March 2025 — A donation is any complimentary disposal of property, including any free waiver or giving up of a right. The current rate is 20% if it is below R30 million, and 25% over R30 million.  After donating, the donor needs to complete and submit a Donations Tax declaration form (IT144) to SARS. For the conditions, exemptions, how to and more, see the Donations tax webpage.

It has been noted that taxpayers are experiencing challenges when completing the current IT144 form. In line with SARS’s Strategic Objective 1, “Provide CLARITY and CERTAINTY for taxpayers and traders of their obligations”, SARS has published the previous PDF version of the form to be used until the enhancements have been made.

The version to be used immediately is published on the Donations tax webpage.

6 March 2025 – SARS invites you to tender for goods and/or services as detailed in RFP37/2024 – The appointment of a Service Provider for the Renewal of Cisco Meraki Enterprise and Collaboration Flex Plan Licenses.

3 March 2025 – SARS is pleased to invite you to a webinar for small, medium, and micro enterprise (SMME) taxpayers and traders. This webinar, in collaboration with the Companies and Intellectual Property Commission (CIPC), will explain the process of deregistering a small business from both SARS and CIPC.

The objective of this webinar is to:

• Provide clarity and certainty of tax obligations and processes.
• Make it easier for SMMEs to comply with tax obligations and legislation.
• Work together with stakeholders to improve the tax ecosystem.

The webinar will include relevant compliance information, as well as discussions about the following processes:

1. Obligations at SARS when companies have ceased to trade.

• • When must you deregister?
  • Consequences of non-compliance.
  • Channels available for deregistration.
  • Deregistration process for different tax types.
  • Suspension versus deregistration and the responsibilities while waiting for final deregistration.

2. Obligations at CIPC when companies have ceased to trade.

As an important stakeholder, you are invited to join the webinar. You may also extend the invitation to other interested parties.

Webinar details:

Topic:  SARS and CIPC Explaining the SMME Business Deregistration Process

Date: Thursday, 6 March 2025

Time: 17:00 – 19:00

Platforms: Virtual (Zoom and YouTube)

Please register in advance for this webinar using the following link:  https://sars-gov-za.zoom.us/webinar/register/WN_gQkLKuibQnKcPY7eIzxwdw

Meeting ID: 965 6933 1455

Passcode: 540445

YouTube link:  https://youtube.com/live/IJg1OZWrdwo?feature=share

After registering, you will receive a confirmation email with information about how to login to the webinar for an opportunity to have your questions answered during the session.

If you have any questions about the deregistration process for SMMEs, please send an email to [email protected].

The webinar will also be recorded and published on the SARSTV YouTube channel afterwards.

3 March 2025 – The facility codes used in Box 30 of Goods Declaration (GD) have been updated to include the details of the newly approved Transit Shed – Bidfreight Port Operations (Pty) Ltd (located in Durban).

• SC-CF-19-A02 – Facility Code List – External Annexure

3 March 2025 – The state provides state warehouses for the safekeeping of goods. These are managed by Customs. The purpose of this list of unentered goods is to notify the importer, exporter and any other person that has interest in the goods that the goods have been taken up into the State warehouse and if they remain unentered they will be disposed in accordance with the provisions of the Customs & Excise Act.

28 February 2025 – Income Tax Act, 1962: The income tax notices, as published in Government Gazette 52199 of 28 February 2025, relate

to –

• determination of the daily amount in respect of meals and incidental costs for purposes of section 8(1)(c)(ii) (overnight allowance);
• determination of the daily amount in respect of meals and incidental costs for purposes of section 8(1)(a)(ii) (daily allowance); and
• fixing the rate per kilometre in respect of motor vehicles – section 8(1)(b)(ii) and (iii).

28 February 2025 – Customs and Excise Act, 1964

• Draft amendments to rules under section 58A and 120 – Anti-forestalling

Due date for comment: 7 March 2025

28 February 2025 – South Africa recorded a preliminary trade balance deficit of R16.4 billion in January 2025. This deficit was attributable to exports of R149.0 billion and imports of R165.4 billion.

See the full media release here.

Or visit the Trade Statistics webpage.

28 February 2025 – The e@syFile™ Employer version 8.0.0_258 specify the following change:

• Enhancement made to retrieve only the most current ETV report for the PAYE ref and PoR.

27 February 2025 – See how SARS is protecting eFilers, watch the SARS eFiling Two-Factor Authentication System video here.

26 February 2025 – Prohibited and Restricted Imports and Exports list

Tariff headings 8422.90 and 8471.49.90 do not require a Letter of Authority for NRCS.

26 February 2025 – SARS invites all Dell Accredited Service Providers to submit a response as per RFP33-2024 Appointment of a supplier for the maintenance as well as support services for the DELL EMC hardware and software for a period of five (5) years starting 26 April 2025 until 28 February 2030.

26 February 2025 – The Western Cape mobile tax unit schedule for March 2025 is now available.

26 February 2025 – Check out our tutorial videos for Small, Medium, and Micro Enterprises (SMMEs) to master your tax matters! Learn essential tax tips, benefits for compliant taxpayers, and how SARS helps SMMEs improve compliance and access services easily. Stay informed and manage your taxes smarter.

26 February 2025 – SARS is pleased to invite you to a webinar for small, medium, and micro enterprise (SMME) taxpayers and traders. This webinar, in collaboration with the Companies and Intellectual Property Commission (CIPC), will explain the process of deregistering a small business from both SARS and CIPC.

The objective of this webinar is to:

• Provide clarity and certainty of tax obligations and processes.
• Make it easier for SMMEs to comply with tax obligations and legislation.
• Work together with stakeholders to improve the tax ecosystem.

The webinar will include relevant compliance information, as well as discussions about the following processes:

1. Obligations at SARS when companies have ceased to trade.

• • When must you deregister?
  • Consequences of non-compliance.
  • Channels available for deregistration.
  • Deregistration process for different tax types.
  • Suspension versus deregistration and the responsibilities while waiting for final deregistration.

2. Obligations at CIPC when companies have ceased to trade.

As an important stakeholder, you are invited to join the webinar. You may also extend the invitation to other interested parties.

Webinar details:

Topic:  SARS and CIPC Explaining the SMME Business Deregistration Process

Date: Thursday, 6 March 2025

Time: 17:00 – 19:00

Platforms: Virtual (Zoom and YouTube)

Please register in advance for this webinar using the following link:  https://sars-gov-za.zoom.us/webinar/register/WN_gQkLKuibQnKcPY7eIzxwdw

Meeting ID: 965 6933 1455

Passcode: 540445

YouTube link:  https://youtube.com/live/IJg1OZWrdwo?feature=share

After registering, you will receive a confirmation email with information about how to login to the webinar for an opportunity to have your questions answered during the session.

If you have any questions about the deregistration process for SMMEs, please send an email to [email protected].

The webinar will also be recorded and published on the SARSTV YouTube channel afterwards.