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Division of Revenue 2021


Published in GG 44173 of 22 February 2021 Explanatory summary

Comment Sought on 2021 Draft Rates Bill


National Treasury The 2021 Draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill (2021 Draft Rates Bill) and the 2021 Draft Financial Sector Levies Bill have been published…

2021 Division of Revenue Bill Tabled


Parliament The 2021 Division of Revenue Bill has been tabled in parliament. The bill was tabled yesterday during Budget 2021. The bill aims to provide for: • the equitable division…

Additional Allocations To Support Presidential Employment Initiative


National Treasury Additional allocations to provincial government to support the presidential employment initiative have been published. National treasury published the allocations in Government Gazette 44178 in terms of the 2020…

Budget 2021 Highlights Difficult Balancing Act


National Treasury BUDGET 2021 Delivering the 2021 Budget Speech in the national assembly, the finance minister, Tito Mboweni, declared that national treasury has “crafted a Fiscal Framework that extends support…

IDC Exempted from PFMA on New Entities


National Treasury The Industrial Development Corporation (IDC) has been exempted for three years from informing national treasury on any new entities it seeks to set up. National treasury announced the…

Deadline to File Country-by Country Tax Returns Extended


South African Revenue Service The deadline to file country-by-country returns has been extended. The South African Revenue Service (SARS) announced the extension in Government Gazette 44170 in terms of the…