Home
/
Resources
/
Tax
/
Legal and Policy
/
2022 Legal and Policy

Legal and Policy - 3 February 2022

Description

SARS:

  • 1 February 2022- The schedules for Mobile Tax Units have been published. See under Gauteng province, February and March 2022.
  • 1 February 2022 – The State Warehouse Policy has been updated. SWIMS functionality has been added for management of goods deposited in the State Warehouse and extracting inventory reports.
  • 1 February 2022 – RFP44/2021: Appointment of a contractor (CIDB Grade 2SI or higher) for the replacement of an existing lift at SARS, Polokwane office.
  • 31 January 2022 – The South African Revenue Service (SARS) today releases trade statistics for December 2021 recording a preliminary trade balance surplus of R30.14 billion. These statistics include trade data with Botswana, Eswatini, Lesotho and Namibia (BELN). The year-to-date (01 January to 31 December 2021) preliminary trade balance surplus of R440.75 billion is an improvement from the R271.57 billion trade balance surplus for the comparable period in 2020. Exports increased by 22.9% year-on-year whilst imports increased by 34.2% over the same period.

The R30.14 billion preliminary trade balance surplus for December 2021 is attributable to exports of R156.30 billion and imports of R126.16 billion. Exports decreased by R6.49 billion (4.0%) between November and December 2021 and imports decreased by R0.79 billion (0.6%) over the same period.

For the full Media Release, click here.

Visit the Trade Statistics webpage.

  • 28 January 2022 – Income Tax Act, 1962 – Tables of Interest Rates

Table 3 – Rates at which interest-free or low interest loans are subject to income tax

  • Part 2 of Schedule No. 4, by the substitution of rebate item 460.03/0207.14.9/01.07 in order to increase the annual quota for frozen bone-in cuts of the species Gallus Domesticus originating in or imported from the United States of America from 69 972 tonnes to 71 290 tonnes – ITAC Minute M04/2021 (with retrospective effect from 1 April 2021);
  • Schedule No. 1, to implement the revised Tariff Rate Quota in terms of the Economic Partnership Agreement (SADC-EU EPA) (with retrospective effect from 1 September 2021 up to and including 31 December 2021);
  • Schedule No. 1, to implement the revised Tariff Rate Quota in terms of the Economic Partnership Agreement (SADC-EU EPA) (with retrospective effect from 1 January 2022);
  • Schedule No. 1, to implement the revised Tariff Rate Quota in terms of the Economic Partnership Agreement (SACUM-UK EPA) (with retrospective effect from 1 September 2021 up to and including 31 December 2021); and
  • Schedule No. 1, to implement the revised Tariff Rate Quota in terms of the Economic Partnership Agreement (SACUM-UK EPA) (with retrospective effect from 1 January 2022). Publication details will be made available later
  • Container depot facilities in:
    • Durban: U7 – CMA CGM Inland Services Durban (Pty) Ltd
    • Cape Town: U8 – Silver Solutions 2205 CC
  • Degrouping depot facilities at ORTIA:
    • U6 – Voigro Trading 79 CC;
    • U9 – Aramex South Africa (PTY) Ltd

NATIONAL TREASURY:

OECD:

ATAF:

TAX OMBUD:

AuthorSAICA
Date3 February 2022