5 Major Developments in South Africa

5 Major Developments in South Africa

• VAT Implications of securties lending arrangements

• Draft Binding General Ruling – Value-added tax implications of securities lending arrangements

• SARS: Independent persons serving on boards and committees of public entities

• SARS: Declaratory orders

• SARS: Lease and sale of non-resident owned ships, aircrafts and rolling stock in South Africa

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Customs

• High Court: Glencore International AG v CSARS (34490/2021)

Deduction (Input Tax Credit)

• SARS: Input tax on motor cars

• Direct attribution and its application for banks in terms of the Capitec judgment

E-Commerce/Electronic Services

• SARS: Imported services vs electronic services

• Draft Binding General Ruling – Value-added tax implications of securities lending arrangements

• Scrap VAT on chicken and beef, DA asks finance ministry

• Tax Agency Seeks Comments on VAT Treatment of Debt Collection Activities

Environmental Tax

• Plastics and Packaging Laws in South Africa

Fraud/Tax Evasion

• Eighth suspect in large-scale gold and VAT scheme appears in court

• South African Breweries dragged into VAT scam

• VAT fraudster sentenced to 15 years in jail

Importation

• VAT guide on import of goods

• Guidance on VAT levied on the Importation of Goods

Liability (Reverse Charge/Withholding)

• SARS: Imported services vs electronic services

Rate

• Types of Supplies for VAT Purposes

• Push to scrap VAT for these food items

• The importance of understanding the nature of services supplied

• Scrap VAT on chicken and beef, DA asks finance ministry

Registration

• SARS: Independent persons serving on boards and committees of public entities

Reporting/Compliance

• South Africa VAT country guide

• Invitation to a SARS webinar on the VAT Return (VAT201)

Supply of Services

• SARS: Imported services vs electronic services

Tax authorities / Penalties

• High Court: Glencore International AG v CSARS (34490/2021)

• SARS: Declaratory orders

• SARS permanent Voluntary Disclosure Programme

• South African Revenue Service Updates Interest Rate Tables

Taxable Amount

• SARS: VAT treatment of costs and disbursements

• Tax Agency Seeks Comments on VAT Treatment of Rounding Differences in Cash Transactions

Taxable Person

• SARS: Independent persons serving on boards and committees of public entities

• Frequently Asked Questions on BGRs 40 and 41: Non-executive Directors (VAT and PAYE) (Issue 2)

• VAT Quick Reference Guide for Non-Executive Directors (Issue 3)

Taxable transaction

• VAT Implications of securties lending arrangements

• SARS: Lease and sale of non-resident owned ships, aircrafts and rolling stock in South Africa

• SARS: VAT treatment of costs and disbursements
• Types of Supplies for VAT Purposes
• Push to scrap VAT for these food items

• VAT Reference Guide on Foreign Donor Funded Projects

Vouchers

• MTN fights SARS potentially double-dipping VAT on airtime

• Africa’s largest mobile operator loses prepaid vouchers VAT case against SARS