Home  »  Articles   »   Parliament Passes Division of Revenue Second Amendment Bill

Articles
Parliament Passes Division of Revenue Second Amendment Bill

November 30, 2020

Parliament

The Division of Revenue Second Amendment Bill has been passed by parliament and sent to president Ramaphosa for assent.

The bill was tabled in parliament on 28 October 2020 during the Medium Term Budget Policy Statement.

The national assembly passed the bill and sent it to the national council of provinces for concurrence on 20 November 2020.

The bill aims to amend the Division of Revenue Act, 2020, as amended by the Division of Revenue Amendment Act, 2020, in accordance with the Money Bills and Related Matters Act, 2009; and to provide for matters connected therewith.

According to the bill’s explanatory summary published in Government Gazette 43824 in October, the second national adjustments budget for the 2020/21 financial year necessitated changes to the Division of Revenue Act, 2020, as amended.

In a statement, parliament pointed out that the bill addresses the government’s response to the Covid-19 pandemic, changes in the equitable division of revenue raised nationally among the three spheres of government, changes to provincial government allocations, changes to local government conditional grants allocation, and corrections to gazetted frameworks and allocations.

Meanwhile, in Gazette 43935, the South African Revenue Service published amendments to Customs and Excise Act Rules.

Rule 120A.03 is amended by new hours of attendance at Kopfontein and Oshoek of 24 hours daily.

Amendments are also introduced to the Schedule to the Rules.

In Gazette 43941, the South African Reserve Bank published detail on the 2021 R5 Commemorative Circulation Coin and the R5 Sterling Silver, Gold Plated Collectors Coin celebrating the centenary of the South African Reserve Bank.

The coins will be legal tender as from 1 January 2021.