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2021 Legal and Policy

Legal and Policy - 5 August 2021

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SARS:

  • 4 August 2021 – In 2020, Export Duty on Scrap Metals was introduced in the Customs and Excise Act (1964), (the Act). The duty on the exportation of scrap metals is compulsory for imported, locally obtained or manufactured scrap metal effective, 1 August 2021. As of this date, certain ferrous and non-ferrous waste and scrap metals will be subject to an ad valorem duty rate. For an overview of the key legislative requirements that are applicable view the Export Duty on Scrap Metal guide. Frequently asked questions have been published on the Export Duty on Scrap Metals webpage.
  • 4 August 2021 – Updated Customs weekly list of unentered goods
  • 3 August 2021 – As from 1 June 2021, the maximum earnings ceiling for the Unemployment Insurance Fund (UIF) is R17 712 per month or R212 544 annually. For employees who earn more than this amount, the contribution is calculated using the maximum earnings ceiling amount. Therefore the maximum contribution which can be deducted, for employees who earn more than R17 712 per month, is R177,12 per month. This increase from R14 872 per month to R17 712 per month has been document in the Government Gazette no. 44641 of 28 May 2021 or see the UIF webpage.
  • 2 August 2021 – We are hiring! SARS has a number of vacancies. For more information please visit our Careers website.
  • 2 August 2021 – Amendment made to Tariff heading 49.01 – ITAC permit is not required for tariff heading 49.01. See the P&R list here
  • .2 August 2021 – Customs & Excise Act, 1964: Publication details for tariff amendments notices R671, R672 and R673, as published in Government Gazette 44923 of 2 August 2021, are now available
  • 30 July 2021 – SARS published a leaflet to clarify the measures as announced by the Minister of Finance on 28 July 2021. The measures are:
  • The introduction of a tax subsidy of up to R750 per month for the next four months for private sector employers who have employees earning below R6500. This subsidy will be provided under the current Employment Tax Incentive.
  • Tax compliant businesses with a gross income of up to R100 million will be allowed to delay 35% of their Pay –As- You Earn (PAYE) liabilities over the next three months, without penalties or interest.
  • Tax compliant businesses in the alcohol sector can apply to the SARS for deferrals of up to three months for excise duty payments.

In order to qualify for the emergency tax measures, you must be tax compliant, which means that you:

  • Are registered for all required taxes
  • Have no outstanding returns for any taxes you are registered for
  • Have no outstanding debt for any taxes you are registered for, excluding:
  • o Instalment payment arrangements
  • o Compromise of tax debt
  • o Payment of tax suspended pending objection or appeal.
    • The Automotive Production Development Programme (APDP) Phase 2; and
    • The new export duty on scrap metal published in Schedule 1 Part 6A.

    The APDP requirements include the insertion of the additional information codes in the Completion of Declarations manual which must be entered on the Customs clearance declaration (CCD) and a refund item to enable APDP clients to claim back duties. To claim back these duties, the importer must be in possession of a valid Production Rebate Certificate (PRC) of which the importer is the beneficiary.

    Export duty must be paid manually on a CEB01 utilising the DA 490/DA 494 process (SC-CF-16).

    See the full Media Release here.

    Or visit the Trade Statistics webpage.

    • 29 July 2021 – Join our live stream Webinar today, details of the event are as follows:

    Keep an eye on the Trusts webpage for the FAQs after the webinar as well as the way forward for Trusts and Filing Season 2021.

    • 28 July 2021 – National Legislation: The following draft Bills have been published by National Treasury and SARS:
    • 2021 draft Rates and Monetary Amounts and Amendment of
      Revenue Laws Bill (2021 draft Rates Bill)
    • 2021 draft Taxation Laws Amendment Bill
    • 2021 draft Tax Administration Laws Amendment Bill

    The media statement provides a summary of the key tax proposals covered in the Bills. Due date for public comment: 28 August 2021

    • 28 July 2020 – In 2020, export duty on scrap metals was introduced in the Customs and Excise Act (1964), (the Act). The duty on the exportation of scrap metals will become compulsory for imported, locally obtained or manufactured scrap metal effective, 1 August 2021. As of this date, certain ferrous and non-ferrous waste and scrap metals will be subject to an ad valorem duty rate. Your attention is also drawn to Government Gazette No. 44905 dated 28 July 2021 which provides for the extension of the policy directive by the Minister of Trade, Industry and Competition on the exportation of ferrous and non-ferrous waste and scrap metal to complement and support the operation of the export duty on ferrous and non-ferrous waste and scrap metal. For more information see the Export Duty on Scrap Metal webpage.

    TREASURY:


    OECD:

    SAFLII:

    Date5 August 2021