The latest Tax Practitioner Connect newsletter has been released by SARS

The latest Tax Practitioner newsletter (issue 30) has been published and deals with a few topics including the recent national budget, SARS’ comments on the revised revenue estimate as well as SARS’s presentation to Parliament in respect of Budget 2022.

The 30th issue of the SARS Tax Practitioner Connect Newsletter covers the following topics: 

  • Budget 2022/23;
  • SARS welcomes the revised revenue estimate;
  • SARS presentation to Standing Committee on Finance in Parliament;
  • Assets of diagnostic radiologists attached over tax debt of R52-million;
  • Customs non-compliance;
  • Trade Statistics for January 2022;
  • Once-off administrative penalties for Personal Income Tax non-compliance;
  • Update on “Cease to be a SA Tax Resident”;
  • Updates on Deceased/Insolvent Estates;
  • FAQs relating to insolvent estates of individuals published;
  • New business specifications for PAYE employer reconciliation released;
  • Corporate Income Tax External Guide updated;
  • New guide for Tax Rates/Duties/Levies published;
  • How to submit your individual Income Tax return via the SARS MobiApp;
  • Employment Tax Incentive values from 1 March 2022;
  • Scams;
  • Third Party Data Annual Submissions; and
  • Applying for a Financial Year End change – Corporate Income Tax (ITR14) return.

Find a copy of the newsletter here.

28/03/2022