The third draft of South Africa’s long awaited Tax Administration Bill (TAB) was recently published for a final round of public comment. Since the TAB is now nearing the final stages of the legislative process, every individual and company that pays tax in South Africa requires a basic knowledge of its implications.
Know your new identity
Executive, Tax department
Edward Nathan Sonnenbergs
The TAB introduces a single registration system whereby taxpayers will register for all tax types by means of a single registration form. For example, an enterprise will no longer have to register separately for income tax and value-added tax. The South African Revenue Services (SARS) may, however, allocate various reference numbers to one taxpayer to differentiate between various tax matters. Should the taxpayer correspond with SARS without mentioning the allocated reference number, SARS may disregard such correspondence.
In most instances, registration must take place within 21 business days of becoming liable or entitled to register under a tax act. “Business days” now also excludes days from 16 December to 15 January each year. Biometric information may now be used to authenticate the identity of an individual. This includes any biological data, such as retina, voice, facial or fingerprint recognition.
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Gary Vogelman is an executive in the tax department, and Janel Strauss is a candidate attorney, at Edward Nathan Sonnenbergs
Johannesburg
150 West Street
Sandton
Johannesburg
South Africa
2196
Tel: +27 11 269 7600
Fax: +27 11 269 7899
E-mail: info@ens.co.za
