Legal and Policy - 28 March 2024
Description
SARS
- 20 March 2024 – Customs and Excise Act, 1964
An Overview of Manufacturing Rebate and Drawback Procedures
- 22 March 2024 – Tax workshop schedule for Limpopo province during April has been published.
- 25 March 2024 – The Mobile Tax Unit schedule for April to June 2024 is now available.
- 25 March 2024 – Customs and Excise Act, 1964
Quick Reference Table to Amendments, Substitutions, and Cancellation of Bills of Entry
- 25 March 2024 – The DA 180 Environmental Account for Carbon Tax guide has been revised as follows:
- To align with the relevant sections of the Act.
- Updated the name as well as acronym for the Department of Forestry, Fisheries and the Environment.
- The calculation of net levy payable was amended.
- The document code changed from SE-CBT-03-M01 to SE-CBT-04.
SE-CBT-04 – DA 180 Environmental Account for Carbon Tax – External Guide
- 25 March 2024 – The Excise Spirits policy has been updated to align with the following:
- The outcome of a court case in SARS’s favour which confirmed that the absolute alcohol content of flavourings is dutiable.
- The legislation changes for Rebate item 621.21.
- The legislative requirements for Rebate item 624.50.
SE-SP-02 – Spirits – External Policy
- 26 March 2024 – The SMME Traders Connect Newsletter edition 3 is now available. In this edition of the magazine we focus on Customs deferments. As you are aware, each publication focuses on a specific theme to share information and insights to make it easier for traders to meet their tax obligations. Above all, it aims to draw attention to the different incentives that are available for Customs and Excise traders.
- 26 March 2024 – The Mobile Tax Unit schedule for Limpopo province, Modimolle and Bela-Bela, is now available.
- 26 March 2024 – The tax workshop schedules for North West province during April are now available.
- 26 March 2024 – As the tax revenue financial year draws to a close this week, the South African Revenue Service (SARS) has labelled March a priority month for taxpayers and traders to settle their tax and customs payments and tax and customs debt on or before the last business day of this month, which is Thursday, 28 March 2024.
Payment options
Tax payments can be made via a bank, electronic funds transfer (EFT), via eFiling or the SARS MobiApp Customs payments can also be made at any SARS Customs office. It is important that taxpayers and traders perform the payment transaction during business hours to authorise their banking institutions to release the payment to SARS – a required step if the payment is made via eFiling and the MobiApp. Balance amount enquiries may be made by requesting a statement of account on eFiling or the SARS MobiApp or by SMS to SARS on 47277.
#MarchPriorityMonth #YourTaxMatters
Issued by: The South African Revenue Service
Enquiries: sarsmedia@sars.gov.za
- 27 March 2024 – The latest Tax Practitioner Connect Newsletter Issue 50 is available. This issue includes information on Employees’ allowances, the PAYE Employer reconciliation BRS for the 2025 year of assessment, Excise declaration, return submission and payments, latest SARS webinars, tax directive system and legislative changes.
- 27 March 2024 – The published Excise Other Fermented Beverages policy has been updated to indicate the exclusions in terms of item 624.50.
- 27 March 2024 – The facility codes used in Box 30 on the Customs Clearance Declaration (CCD) have been updated to include the details of the new approved container depot – Imperial Clearing and Forwarding South Africa in Durban.
- 27 March 2024 – Customs and Excise Act, 1964: The tariff amendments notices, scheduled for publication in the Government Gazette, relate to the following amendments:
With effect from 1 April 2024:
- Part 3A of Schedule No. 1, by an increase of 4c/bag in the rate of environmental levy on plastic bags from 28c/bag to 32c/bag to give effect to the Budget proposals announced by the Minister of Finance on 21 February 2024
- Part 3C of Schedule No. 1, by an increase of R5/lamp in the rate of environmental levy on electric filament lamps from R15/lamp to R20/lamp to give effect to the Budget proposals announced by the Minister of Finance on 21 February 2024
- Part 3D of Schedule No. 1, by an increase of R14 per g/km CO2 in the rate of motor vehicle carbon dioxide emissions levy from R132 to R146 on new passenger vehicles on emissions exceeding 95g/km and, by R19 per g/km CO2 from R176 and R195 on new double cab vehicles on emissions exceeding 175g/km, respectively to give effect to the Budget proposals announced by the Minister of Finance on 21 February 2024
With retrospective effect from 1 January 2024:
- Part 3F of Schedule No. 1, by an increase of R31 per tonne in the rate of environmental levy on carbon dioxide equivalent from R159 to R190 per tonne to give effect to the Budget proposals announced by the Minister of Finance on 21 February 2024
- Part 5A of Schedule No. 1, by the substitution of Notes 7(a)(vi) and b(vi) in order to change the density factors for the calculation of the carbon fuel levy from 0.75 to 0.7405 kilogram per litre for petrol and from 0.0845 to 0.8255 kilogram per litre for diesel to give effect to the Budget proposals announced by the Minister of Finance on 21 February 2024
With effect from 3 April 2024:
- Part 5A of Schedule No. 1, by substitution to Note 8 as well the increase of 1c in the carbon fuel levy from 10c/li to 11c/li for petrol and from 11c/li to 14c/li for diesel, respectively to give effect to the Budget proposals announced by the Minister of Finance on 21 February 2024
Publication details will be made available later
National Treasury
- Media Statement: A Call for Proposals for Consideration by the Budget Facility for Infrastructure – 27 March 2024
OECD
| Author | SAICA |
|---|---|
| Division | Tax |
| Categories | Legal and Policy |
| Date | 28 March 2024 |