GAZETTE WATCH January 2022

VAT INVOICES – NEW FORMAT

Applies to an “electronic services recipient” being a resident of the Republic who is a recipient of electronic services supplied by an electronic services supplier; and to an “electronic services supplier” being a vendor supplying electronic services in the course or furtherance of an enterprise contemplated in paragraph (b)(vi) and (b)(vii) of the definition of “enterprise” in section 1(1) of the Act;

CARBON TAX

Carbon Tax Act: concerns the Renewable Energy Premium in respect of a tax period for purposes of Symbol “B” in Formula

POPIA

Take note that a Credit bureaux code of conduct has been re-issued for comment.

NEW FINANCIAL SECTOR BILLS

For those in the Financial Sector – take note of two new Bills:

The Financial Sector and Deposit Insurance Levies Bill; and

The Financial Sector and Deposit Insurance Levies (Administration) and Deposit Insurance Premiums Bill, which pertain to the payment and management of certain levies.