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acquiring business entities that might           TAXATION
otherwise be liquidated. These EDs
propose financial reporting requirements         SAICA’s National Tax Committee submissions
that will ensure that these transactions are
reported in a consistent and transparent         SAICA made the following submissions to SARS/National Treasury during April/May 2009:
manner, ensuring that governments remain
accountable for their actions,” explains
IPSASB Chairperson Mike Hathorn.                  Submission name                                Date submitted         Deadline

The issue of the exposure drafts is part          SAICA Submission to SARS Draft VAT
                                                                                                 N/A                    22 May 2009
of the IPSASB’s global convergence                Interpretation Note s8(25) of the Act
programme that will substantially converge
                                                  SAICA Submission to SARS Call for
International Public Sector Accounting
                                                  comment Interpretation Note 35                 N/A                    15 May 2009
Standards (IPSASs) with International
                                                  Personal Service Providers
Financial Reporting Standards (IFRSs)
approved at December 31, 2008. The                SAICA Submission to SARS on VAT
project is scheduled for completion by                                                           N/A                    22 May 2009
                                                  Interpretation Note 30 Issue 2
December 31, 2009.
                                                  SAICA Submission to SARS on Call for
ED 40 proposes an IPSAS that converges            comment Draft Interpretation Note 17           N/A                    15 May 2009
with the International Accounting                 Independent Contractors
Standards Board’s (IASB’s) International
Accounting Standard 38 − Intangible               SAICA Submission to SARS on
Assets. ED 40 also incorporates                   Differential Timelines for Tax
                                                                                                 N/A                    8 May 2009
guidance on website costs set out in the          Practitioners New Zealand extension
Interpretation 32 of the IASB’s Standing          dates
Interpretations Committee, entitled               SAICA Submission to Treasury on PAYE
                                                                                                 N/A                    5 May 2009
Intangible Assets – Web Site Costs. It also       Issues
includes guidance on intangible heritage
assets.                                           SAICA Submission to SARS on PAYE
                                                                                                 N/A                    5 May 2009
                                                  Issues                                                                                          17
Because ED 41 addresses entity
combinations that are similar in nature to        SAICA Submission to National Treasury
                                                                                                 N/A                    23 April 2009
those in the private sector, it is converged      on Dividends Tax
with the IASB’s IFRS 3 − Business
                                                  SAICA Submission to National Treasury
Combinations. Entity combinations that
                                                  on Learnership Allowances: Section 12H         17 April 2009          21 April 2009
arise from non-exchange transactions
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