Government Notice No. 2610 of 2022

Tax Administration Laws Amendment bill, 2022 » Publication of explanatory summary of the Tax Administration...

Title	Tax Administration Laws Amendment bill, 2022 » Publication of explanatory summary of the Tax Administration Laws Amendment bill, 2021
Department	South African Revenue Service (SARS)
Gazette	National Gazettes, No. 47284 of 11 October, 2022, 2 page(s), 44.9Kb

STAATSKOERANT, 11 OKTObER 2022                        No. 47284    3

SOUTH AFRICAN REVENUE SERVICE

NO. 2610                                                                              11 October 2022

PUBLICATION OF EXPLANATORY SUMMARY OF THE TAX ADMINISTRATION
                                          LAWS AMENDMENT BILL, 2021

Notice  is  hereby  given  in  terms  of  Rule  276(1)(b)  of  the  Rules  of  the  National
              Assembly  that  the  Minister  of  Finance  intends  to  introduce  the  Tax  Administration
              Laws  Amendment  Bill,  2022,  in  the  National  Assembly  in  the  near  future.  The
              explanatory  summary  of  the  Bill  is  hereby  published  in  accordance  with
              Rule 276(1)(c) of the Rules of the National Assembly.

The Bill provides for the amendment of the—
              •    amendment  of  the  Transfer  Duty  Act,  1949,  so  as  to  make  a  consequential
                   amendment;
              •    amendment of the Estate Duty Act, 1955, so as to make a textual correction;
              •    amendment  of  the  Income  Tax  Act,  1962,  so  as  to  make  a  consequential
                   amendment; to allow a regulated intermediary to recover refundable dividends
                   tax  from  the  Commissioner  in  certain  instances;  to  make  a  textual  correction
                   and to make a technical correction;
              •    amendment of the Customs and Excise Act, 1964, so as to insert a definition
                   and effect consequential changes related thereto; to make technical corrections;
                   to  provide  for  the  publication  of  advance  rulings  in  certain  circumstances;  to
                   enable the Commissioner to make rules for the time for submission of entries in
                   respect  of  any  types  of  cargo;    to  clarify  a provision  relating  to particulars  on
                   invoices  and  to  effect  changes  to  other  provisions  consequential  to  this
                   clarification to ensure consistency of wording relating to invoice particulars; to
                   repeal an outdated provision; to insert a chapter providing for advance rulings in
                   respect of the tariff classification, the application of a specific valuation criterion
                   and  the  origin  of  goods  of  a  specific  class  or  kind  and  for  related  matters; to
                   provide  for  consequential  amendments  relating  to  advance  rulings;  and  to
                   enhance the general enabling rule provision;
              •    amendment  of  the  Value-Added  Tax  Act,  1991,  so  as  to  make  consequential
                   amendments and  insert  a  specific  exception  from  registration  for  non-resident
                   suppliers under certain circumstances;
              •    amendment of the Tax Administration Act, 2011, so as to amend a definition;
                   delete a recognised controlling body; to provide that the tax compliance status
                   of  a  taxpayer  must  also  include  an  indication  that  a  taxpayer  is  a  newly
                   registered  taxpayer  as  stipulated  and  to  clarify  that  SARS  has  the  right  to
                   revoke  third  party  access  to  a taxpayer’s  tax  compliance  status  under  certain
                   circumstances;
              •    amendment  of  the  Employment  Tax  Incentive  Act,  2013,  so  as  to  classify
                   employment tax incentive reimbursements as refunds for purposes of the Tax
                   Administration Act, 2011, and specifically as refunds of tax for purposes of the
                   understatement penalty provisions in terms of the Tax Administration Act,
              and to provide for matters connected therewith.

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Government Notice No. 2610 of 2022

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