Tax In Brief Issue 77

Below, please find issue 77 of ENSafrica's tax in brief, a snapshot of the latest tax developments in South Africa.

legislation and draft legislation

• The following Amendment Acts were promulgated on 19 January 2022:
  • Act No 19 of 2021 - Rates and Monetary Amounts and Amendment of Revenue Laws Act, 2021
    • Find a copy here.
  • Act No 20 of 2021 - Taxation Laws Amendment Act, 2021
    • Find a copy here.
  • Act No 21 of 2021 - Tax Administration Laws Amendment Act, 2021
    • Find a copy here.
• SARS has published the following:
  • Explanatory Memorandum on the Taxation Laws Amendment Bill, 2021
    • Find a copy here.
  • Memorandum on the Objects of the Tax Administration Laws Amendment Bill, 2021
    • Find a copy here.
  • Final Response Document on the 2021 Draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill, 2021 Draft Taxation Laws Amendment Bill, 2021 Draft Tax Administration Laws Amendment Bill
    • Find a copy here.

• International Treaties and Agreements | Double Taxation Agreements ("DTAs") and Protocols
• • SARS has updated its status overview of all DTAs and Protocols.
  • Please find a copy here.
  • Publication details will be made available later.

• Tables of Interest Rates
  • SARS has updated Table 3 - Rates at which interest-free or low interest loans are subject to income tax
  • Please find a copy here.

Please click here to view the full report.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.