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Customs and Excise Amendment Bill Tabled

February 11, 2019

National Treasury

The Customs and Excise Amendment Bill has been tabled in parliament.

The bill’s explanatory summary was published in Government Gazette 42216 earlier this week.

The bill aims to amend the Customs and Excise Act of 1964 so as to:

• make provision for the administration and collection of carbon tax revenues; and
• provide for matters connected therewith.

The explanatory summary had referred to the intention to insert a new provision for the purpose of the administration of allowances and limitation of allowances in relation to the Carbon Tax Bill; require that a taxpayer as defined in the Carbon Tax Bill license premises as may be prescribed by rule; regulate actions pertaining to submission and verification of accounts, collection and payment of the carbon tax and allow the Commissioner to make rules insofar as it is necessary to regulate duties, powers and rights not regulated by the Carbon Tax Bill in relation to collection and payment of the carbon tax.

The standing committee on finance will process the bill.