Legal and Policy
2021 Legal and Policy

Legal and Policy - 25 February 2021


25 February 2021


    • Draft Notice on amounts for purposes of definition of retirement annuity funds – 24 February 2021
    • Draft Notice on UIF remuneration limit – 24 February 2021
    • 2021 Draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill – 24 February 2021

Due date for public comment to follow

  • Taxation proposals as tabled by the Minister of Finance during the 2021 National Budget Review at 14:30 on 24 February 2021
  • Income tax notice, scheduled for publication in the Government Gazette, under section 8(1) relating to daily amounts in respect of meals and incidental costs – effective 1 March 2021

Publication details will be made available later

  • Impact of 2021 National Budget on SARS
  • Updated list of Tender Bids Received
  • Published: RFP26-2020 - Briefing Session ​
  • Public notice 101, in Government Gazette 44171 of 19 February 2021, published in terms of section 25(7) of the Tax Administration Act, 2011, extending the deadline to file Country-by-Country Report returns by persons as specified in the notice
  • Published guide: Estate Duty Implications on Key Man Policies
  • Updated Customs weekly list of unentered goods
  • Publication details for the following tariff amendment notices, as published in Government Gazette 44169 of 5 February 2021, are now available:
  • R99, Part 1 of Schedule No. 3, by the insertion of rebate item 311.40/00.00/01.04, in order to create a rebate facility for yarns and textiles for use in the manufacture of apparel – ITAC Report No. 641
  • R98, Part 2 of Schedule No. 4, by the insertion of various items under rebate item 460.15, in order to create a rebate facility for the importation on tinplate – ITAC Report No. 640
  • R97, Part 1 of Schedule No. 1, by the substitution of Note 5 in Chapter 98 of Section XXII, in order to implement the policy directive for the inclusion of semi-knocked down vehicles kits as eligible products under the automotive production and development programme – ITAC Minute M03/2020

Whether the provisions of the voluntary disclosure agreement prohibit a request
for remission of interest under section 39(7) of the VAT Act




DivisionLegal and Policy
Date25 February 2021