On 07 August the South African Revenue Service (SARS) announced the draft Rule amendments 59A.01A and 60.10(1) to the Customs and Excise Act, 1964 to clarify the grace period allowed for compliance with new registration or licensing requirements when updating information, and substitutes the period of "60 days" with "60 calendar days", on which comment was due by 21 August.
The amendment of Rule 59A.01A to the Act, 1964, which is amended by the substitution for the words “60 days” of the words “60 calendar days” where it occurs in - (a) paragraph (c)(ii)(bb); and (b) paragraph (c)(iii)(B).
The amendment of Rule 60.10(1) to the Act, 1964, is substitution for the words “60 days” of the words “60 calendar days” where it occurs in – (a) paragraph (b)(ii); and (b) paragraph (b)(iii)(B).
On 02 September SARS published a correction that required comment by 09 September. According to the “Explanatory Note” the draft amendment to Rules 59A and 60 to the Act, 1964:
- clarifies that the grace period allowed for compliance with new registration or licensing requirements when updating information, and substitutes the period of “60 days” with "60 calendar days”; and
- corrects references in the Rules to the Act, 1964 to ”20 April 2020” to correspond with the implementation date in the Government Gazette of 24 April 2020.
SARS alerted its stakeholders to the fact that the “Public Comment” was only invited in respect of the proposed amendment to Rule 60.10(1) to the Act, 1964.
The Notice is accessible at:
Story by: Riaan de Lange