Parliament Passes 2020 Division of Revenue Bill
Parliament Parliament has passed the 2020 Division of Revenue Bill and sent it to president Ramaphosa for assent. The bill was tabled in parliament on 26 February 2020. The national…
Access to Living Annuity Funds Expanded
National Treasury Living annuitants will be able to change their annuity drawdowns to an amount that is not less than 0.5% and not greater than 20% of the value of…
Financial Sector Regulation Act Commencement Notice Amended
National Treasury The notice of commencement of the Financial Sector Regulation Act has been amended. National treasury published the amendment in Government Gazette 43371. The act came into effect in…
SARS Corrects Customs and Excise Act Rules
South African Revenue Service The South African Revenue Service (SARS) has published a correction notice to amended Customs and Excise Act Rules (DAR 194) published in Government Gazette 43343 on…
Section 76C of the Customs and Excise Act in Effect
National Treasury Section 76C of the Customs and Excise Act, as inserted by section 20(1) of the Tax Administration Laws Amendment Act of 2016, has come into effect. The finance…
Revised Draft Disaster Management Tax Relief Bill Released
National Treasury A 2nd revised 2020 Draft Disaster Management Tax Relief Bill has been released. The draft bill was first published at the beginning of April 2020 and a revised…
Treasury Seeks Comment on Technical Paper on Sustainable Finance
National Treasury A draft technical paper entitled “Financing a Sustainable Economy” has been published for comment. In a statement, national treasury described the proposed technical paper as a “framework for…
Schedules to Customs and Excise Act Amended
South African Revenue Service Various Schedules to the Customs and Excise Act have been amended. The South African Revenue Service published the raft of notices in Government Gazette 43317. Schedules…
Public Audit Act Directive Released
Auditor-General of South Africa A Directive in terms of the Public Audit Act has been issued. The Auditor-General of South Africa published the Directive in Government Gazette 43326. The Directive…
2020 Special Adjustment Budget on Track
National Treasury National treasury plans to table the 2020 Special Adjustment Budget in parliament on 24 June 2020. Treasury announced this in 2020 Special Adjustment Budget Guidelines. According to treasury,…