Legal and Policy
2021 Legal and Policy

Legal and Policy - 18 November 2021



  • 17 November 2021 – High Court Judgments 2022-2020:
    • 11 November 2021 – Preferential trade under the AfCFTA is not yet possible as the tariff schedules required are still being negotiated. Once an agreement is reached on the tariff schedules, they will be appended to Annex 1 to the AfCFTA for adoption by the AU Submit. See the letter to Trade.
    • 11 November 2021 – Implementation of Tax Directive Enhancements: It has come to our attention that certain information was not clearly explained in the attached letter issued to you last week. Please find the updated letter explaining the information in paragraph 6 more clearly. Our sincere apologies for any inconvenience.

    Recently introduced legislation makes provision for SARS to determine the effective rate of tax in respect of the combined employment and/or pension sources of income of a taxpayer, with reference to the latest data available to SARS, and to provide that rate to the retirement fund administrators for purposes of withholding PAYE. It is the intention to introduce this service with effect from 1 March 2022. Click here to read more.

    • 11 November 2021 – To assist taxpayers, SARS will host a virtual webinar on Thursday, 18 November 2021 for Small, Medium and Micro Enterprises (SMMEs), which will provide information on Value- Added-Tax (VAT). When taxpayers have clarity and certainty about their tax obligations, they will be in a better position to be compliant in their tax matters.

    The following topics will be covered:

    • Registration requirements
    • VAT Filing categories
    • Payments
    • Refunds
    • Deregistration

    As an important stakeholder, you are invited to join us and you may also extend this invitation to other interested parties.

    The details of the event are as follows:

    Theme: Value- Added-Tax
    Date: Thursday, 18 November 2021
    Time: 17:00 – 19:00
    Platforms (Virtual): YouTube https://youtu.be/E8qvYmh3UV0

    If you have questions about VAT, please email vatquestions@sars.gov.za

    • 11 November 2021 – 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.

    The Minister added that a fast-growing economy would allow for greater revenue collection, making it possible for a more comprehensive response to the challenges the country faces.

    Incoming domestic and global economic indicators point to improving economic prospects after momentum slowed in recent months. This is amidst persistent supply chain disruptions and continued resurgences of COVID-19. According to the October World Economic Outlook (WEO) report from the International Monetary Policy (IMF), the global economy is projected to grow by 5.9% in 2021 and 4.9% in 2022, 0.1 percentage point lower for 2021 than in the July forecast.

    See the full media release here.



    Date18 November 2021