In this months issue, we look at the application to SARS where interest was requested to be waived in a voluntary disclosure application. In practice, SARS would not consider the waiver of the interest element in a VDP application and the client would have to consider the objection route.

We further look at the international collaboration in relation to science, technology and innovation (STI) in response to the challenges posed by the COVID-19 pandemic. Another case of interest in relation to VAT is the VAT treatment of foreign entities with branches in South Africa. A lot of foreign entities who have registered their branches for VAT purposes may have to deregister them and register for VAT. Furthermore, we provide a view on the debt management tax risk focus areas.

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