South Africa Gazettes Law Amending Tax Administration Acts

The South African Official Gazette Jan. 5 published Law No. 16/2022, amending various tax administration laws. The law includes measures: 1) requiring the refund of withheld dividend taxes within one year of the amount becoming refundable; 2) amending invoicing requirements for imports and exports; 3) revising the procedure for obtaining advanced rulings; 4) applying an exception to VAT registration requirements, when taxable supplies exceed the threshold value solely as a consequence of abnormal circumstances of a temporary nature; 5) allowing a tax penalty reduction for employment tax incentive penalties; 6) requiring taxpayers to indicate their tax compliance status with new …