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NCOP Briefed on Auditing Profession Amendment Bill


National Treasury Amendments are proposed to the Auditing Profession Amendment Bill stipulating that the Independent Regulatory Board for Auditors (IRBA) must submit a regulatory strategy to the finance minister for…

Comment Sought on Auditing Profession Amendment Bill


Parliament The national council of provinces (NCOP) seeks comment on the Auditing Profession Amendment Bill. The bill was tabled in parliament in February 2020. The national assembly passed the bill…

SARS Extends Deadline for Provisional Taxpayers Using eFiling


South African Revenue Service Provisional taxpayers using the eFiling platform have more time to submit returns. The South African Revenue Service (SARS) announced the extension for income tax returns in…

Economic Reconstruction and Recovery Plan Under the Spotlight


National Treasury National treasury has reiterated its commitment to the Economic Reconstruction and Recovery Plan in order to “accelerate growth, secure fiscal sustainability and create much needed jobs”. In a…

SARS Increases Rebate on Woven Cotton Fabric


South African Revenue Service The customs duty rebate on woven fabrics of cotton has been increased from full duty less 11% to full duty. The South African Revenue Service (SARS)…

Ramaphosa Assents to 2020 Taxation Laws Amendment Act


The Presidency President Ramaphosa has signed the 2020 Taxation Laws Amendment Act into law. Parliament passed the bill and sent it for assent in December 2020. Key tax proposals contained…

2020 Tax Administration Laws Amendment Act Signed


The Presidency The 2020 Tax Administration Laws Amendment Act has been signed into law. Parliament passed the bill and sent it to president Ramaphosa for assent in December 2020. It…

Customs and Excise Act Rules Amended


South African Revenue Service Rule 49G on the Economic Partnership Agreement between the Southern African Customs Union member states and Mozambique and the United Kingdom (UK) has been inserted into…

Banks Act Regulations Amended


National Treasury Banks Act Regulations have been amended. National treasury published the amended regulations in Government Gazette 44048. A new form BA 200 is inserted. Amendments are introduced to Regulation…

Banks Act Regulations Amended


National Treasury Banks Act Regulations have been amended. National treasury published the amendments in Government Gazette 44003. Regulations 1 to 67 are amended by the removal of all references to…