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2020/21 Division of Revenue Amendment Bill to be Tabled Soon


National Treasury The Draft 2020/21 Division of Revenue Amendment Bill will be tabled in parliament soon. National treasury published the draft bill’s explanatory summary in Government Gazette 43450. According to…

Financial Sector Laws Bill to be Tabled Soon


National Treasury The Draft Financial Sector Laws Amendment Bill will be tabled in parliament soon. National treasury published the draft bill’s explanatory summary in Government Gazette 43441. In a recent…

2020 Appropriation Bill Sent to NCOP


Parliament The 2020 Appropriation Bill has been passed by the national assembly and sent to the national council of provinces for concurrence. The bill was tabled in parliament in February…

Payment of Excise Duty on Tobacco Products Deferred


South African Revenue Service The payment of excise duty on tobacco products, beer and wine can be deferred for 90 days. The South African Revenue Service (SARS) published amendments to…

PFMA Exemption Notice on COVID-19 Amended


National Treasury An exemption notice on the Public Finance Management Act has been amended. National treasury published the amendments in Government Gazette 43430. The exemption was published in Gazette 43188…

Customs and Excise Act Rules Amended


South African Revenue Service Customs and Excise Act Rules have been amended. The South African Revenue Service published the amendments in Government Gazette 43399. Rule 19A.01(b)(i)(bb) is amended by the…

Financial Sector Regulation Act Regulations on Track


National Treasury Draft amendments to Financial Sector Regulation Act Regulations are to be urgently tabled in parliament. National treasury, in Government Gazette 43395, indicated that it was essential for the…

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…