Integritax@saicanews.co.za ( Integritax@saicanews.co.za ) to your safe
sender list Dear Peet Membership No.: 03240972 Taxpayers experiencing
problems logging on to eFiling should note that SARS is aware of the
difficulties experienced and is working on resolving the matter.
Please be aware of a new scam in which taxpayers are advised of
outstanding liabilities to SARS. Follow the link (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068116
) for an example of said scam. IESBA will be hosting Webinars on 13
and 15 May 2024 to unpack their new Tax Standards. Click the link (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068117
) for relevant registration details. Please note that SAICA will also
be hosting an event on 6 June 2024 for further discussion in this
regard (please refer to the CPD section of this week’s mailer for
further details). SAICA is conducting a survey to ascertain the
effectiveness of the current tax practitioner regulatory model. Your
participation in the survey is highly appreciated, please follow the
link (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068119
) to complete the survey. The survey will remain open until 27 May
2024. IT3(d) eFiling submissions: For section 18A approved
organisations with less than 50 receipts to report, the IT3(d)
submission may be made directly on eFiling. Refer to this SARS guide (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068120
) for guidance on how to complete the process. EMP 501 reconciliation:
Employers with less than 50 employees can submit payroll files via
eFiling. Those with more than 50 employees are required to submit
their payroll files via e@syFile. Should you have an amount due to
SARS after having completed your EMP 501 reconciliation avoid using
‘7.........LC0000000’ as your payment reference as this will
require manual intervention by SARS. Taxpayers are advised to rather
utilise the payment reference number indicated on their statement of
account. SARS feedback summary SARS/RCB National Stakeholder Forum (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068121
) Contribute your view SARS has published draft amendments to rules
under sections 21(1), 60 and 120 (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068122
) of the Customs and Excise Act as well as draft amendments to
Schedule 1 (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068123
) for public comment. Comment submission due date is Friday, 10 May
2024 and comments (recorded on the Customs and Excise Rule amendment
sheet) can be sent directly to SARS. The following email address
should be utilised for comments on the rules
C&E_Legislativecomments@sars.gov.za (
C&E_Legislativecomments@sars.gov.za ) and technicaltariff@sars.gov.za
( technicaltariff@sars.gov.za ) should for comments on the Schedule.
SARS has published a draft Interpretation Note on the income tax
exemption for water service providers (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068124
)for public comment. Comments can be submitted to SAICA by Monday, 27
May 2024. Save the dates: * 2024 TechTalk series - Webcast May (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068125
) * 2024 Tax in Practice - Webcast June (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068126
) * Revisions to the IESBA Code addressing tax planning and related
services - Webcast June (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068127
) For other events, please visit the SAICA Events bookings portal (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068128
). Delegates who book and attend live SAICA webcasts or face-to-face
events will receive a Confirmation of Attendance email within 8 to 10
days of attendance confirming that the registered delegate attended
the stated webcast or event, as well as the duration of the webcast or
event. Certain institutions and regulators may however require a
Confirmation of Completion certificate as evidence of verifiable CPD.
To obtain a Confirmation of Completion certificate, whether for
attending a live webcast or event or watching a recording on the SAICA
eVolve system (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068129
), you have to successfully complete the relevant assessment and
achieve a pass mark of at least 75%. Once the assessment has been
passed you can download a Confirmation of Completion certificate.
SAICA accepts both the Confirmation of Attendance and the Confirmation
of Completion certificates as evidence of verifiable CPD completed by
members. If you have not received your CPD confirmation, please email
seminarsandevents@saica.co.za ( seminarsandevents@saica.co.za ).
Please refer to the SAICA CPD FAQ (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068130
) document for further information. Integritax quizzes Access eVOLVE (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068131
) our new online Learner Management System (LMS) and answer the
Integritax monthly quizzes to earn up to 30 minutes CPD per article.
Integritax journal The following tax-related articles (with
accompanying CPD questions) are included in the May 2024 edition of
ASA Magazine: * Tax and digital nomads (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068132
) - This article assesses the potential need for a review of South
African domestic legislation to ensure that digital nomads are, where
applicable, adequately taxed. (Author: Deborah Tickle (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068133
)) * The final energy incentive legislation (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068134
) - This article is a follow-up article to “The draft energy
incentive legislation” published in July 2023, and provides an
update of legislative amendments contained in the 2023 Taxation Laws
Amendment Act and announcements on Budget Day as relates to the solar
incentive. (Author: Duncan McAllister (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068135
)) * Overview of the UK Spring 2024 Budget (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068136
) - This article provides an overview of the main tax measures and
announcements as delivered in Chancellor Jeremy Hunt’s Spring Budget
on 6 March 2024. (Author: Leonita Doran (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068137
)) Additional tax-related articles in the May 2024 edition of ASA
Magazine: * SARS updates (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068138
) (Author: Somaya Khaki (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068139
)) * The ‘two-pot’ retirement system (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068140
) (Author: Elizabete Da Silva (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068141
)) * Tax disputes - consideration of remedies other than objection and
appeal (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068142
) (Author: Azwinndini Magadani (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068143
)) * Third-party data: The backbone of tax administration (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068144
) (Author: Wesley Moffett (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068145
)) * The gradual death of the conduit principle (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068146
)(Author: PJ Nel (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068147
)) * South Africa introduces GloBE Model Rules (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068148
) (Author: Simone Esch (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068149
)) * South Africa’s 2024 Budget and its impact on taxpayers across
the tiers (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068150
) (Author: Beatrie Gouws (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068151
) and David Warneke (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068152
)) Legislation online Access Tax Acts in pdf format via the online
legislation (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068153
). Tax operational query support If you have any SARS operational
queries that you have been unable to resolve by following the SARS
escalation channels, you may log these on the SAICA Member Portal (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068154
) for referral to SARS. SAICA technical resources An archive of
resources or information published on, inter alia, the SARS and
National Treasury websites can be accessed on Tax: Legal and Policy. (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068155
) Contemporary Gazette Members can access the Contemporary Gazette (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068156
) which provides, inter alia, a comprehensive database of new laws. To
login, use the following details: * Login name: saica(membership
number), for example saica123456789. * Password: membership number.
Legal and policy See the latest on the SAICA Legal and Policy (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068157
), including: * SARS’ 2024/25 annual performance plan (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068158
) Read the requirements (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068159
) for membership and apply for the below vacancies: * National Tax
Committee (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068160
) (1 x vacancy Members in Business (MiB) and 1 x vacancy Large Public
Practice) * Central Region Tax Sub-committee (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068161
) (2 x vacancies) * National Tax Operations Sub-committee (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068162
) (1 x vacancy Small or Medium Practice) * Exchange control
Sub-committee (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068163
) (1x vacancy) * Northern Region Tax Sub-committee (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068164
) (1x vacancy) * Southern Region Tax Sub-committee (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068165
) (1 x vacancy Large Public Practice) * Tax Administration Act
Sub-committee (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068166
)(2x vacancies) The SAICA 2023 Tax Practitioner Annual Declaration is
accessible on the SAICA Member Portal (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068167
). Tax Practitioners who have not completed and submitted the
declaration are reminded to do so urgently. Read (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068168
) for more information on the tax practitioner regulatory requirements
and registration/deregistration processes. Tax practitioners who
emigrated from South Africa and have been selected for a review of
their 2023 Tax Practitioners CPD compliance should note the following
as relates to the requirement to submit a police clearance
certificate: * members who emigrated less than 5 years ago should
provide certificates issued by both South Africa and the country they
emigrated to * members who emigrated more than 5 years ago should
provide a certificate issued by the country they emigrated to Tax
related comments, compliments and complaints Email SAICA (
taxcomments@saica.co.za ) Talk to us on our social media platforms
1facebook (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068169
) 1twitter (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068170
) 2youtube (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068171
) 1linkedin (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068172
) 1Insta (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068173
) SAICA - The South African Institute of Chartered Accountants
Copyright © saica.org.za (
https://saica.evlink21.net/servlet/link/55728/593070/116172398/2068174
). Unauthorized use of the material is prohibited You are receiving
this email because you are subscribed to information related to Tax
from SAICA Call Us Email Us Member Portal Unssaica@saica.co.za (
saica@saica.co.za?subject=Unsubscribe%20Integritax )ubscribe