ENSafrica provides a snapshot of the latest tax developments in South Africa.

 

Case law

  • North Gauteng High Court, Pretoria: Crookes Brothers Ltd v CSARS 
  • Tax court of South Africa, Gauteng: IT13879
  • Tax court of South Africa, Johannesburg: IT14294

Advance tax rulings

  • Binding general ruling (VAT) 39 (issue 2) | VAT treatment of municipalities affected by changes to municipal boundaries
  • Binding general ruling (VAT) 48 | the temporary letting of dwellings by developers and the expiry of section 18B

SARS publications 

  • Interpretation note 102 | classification of risk policy and the once-off election to transfer certain policies or classes of policies issued before 2016 to the risk policy fund
  • SARS publishes an updated summary of all interpretation notes
  • SARS publishes its Guide on Mutual Agreement Procedures that allows competent authorities from the governments of contracting jurisdictions to interact with the intent to resolve international tax disputes
  • SARS publishes its VAT Quick Reference Guide for Non-Executive Directors

International 

  • The Platform for Collaboration on Tax – a joint initiative of the International Monetary Fund (IMF), the Organisation for Economic Cooperation and Development (OECD), the United Nations, and the World Bank Group – invites final comments on the revised version of its report on the Taxation of Offshore Indirect Transfers of Assets by 24 September 2018
  • The OECD publishes Corporate Effective Tax Rates: Model Description and Results from 36 OECD and Non-OECD Countries as part of the OECD Taxation Working Papers No. 38, presenting the new OECD model for the calculation of forward-looking effective tax rates and providing empirical results
  • The OECD/G20 inclusive framework on base erosion and profit shifting (BEPS) issues a progress report on progressing its mandate, covering the period from July 2017 to June 2018
  • The OECD and the IMF publish an updated report identifying uncertainty in tax matters, focusing on initiatives to support developing countries in enhancing tax certainty
  • The OECD secretary-general issues a report to G20 finance ministers and central bank governors, focusing on the OECD’s tax agenda, including the work of the inclusive framework on BEPS, and a progress report by the Global Forum on Transparency and Exchange of Information for Tax Purposes
  • The OECD invites taxpayer input on the sixth batch of the Mutual Agreement Procedure peer review and monitoring process in terms of BEPS action 14, which batch includes South Africa, by 24 August 2018

Discover more: ENSafrica tax revenews 

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Taxand's Take

Taxpayers across South Africa should take note of the updates mentioned to ensure they remain compliant.

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Article tags

International Tax | South Africa

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