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Postbank Designated as Clearing System Participant


South African Reserve Bank The South African Postbank SOC Limited has been designated as a clearing system participant. The South African Reserve Bank (SARB) announced the designation in Government Gazette…

National Assembly Gives Green Light to 2020 Tax Bills


Parliament The 2020 Taxation Laws Amendment Bill (2020 TLAB) and the 2020 Tax Administration Laws Amendment Bill (2020 TALAB) have been passed by the national assembly (NA) and sent to…

Public Procurement


Draft Bill published for comment in GG 43030 on 19 February 2020.

Parliament Gives Green Light to 2020 MTBPS


Parliament Parliament has agreed to the Fiscal Framework and Revenue Proposals contained in the 2020 Medium Term Budget Policy Statement (MTBPS). The 2020 MTBPS was tabled in parliament on 28…

ASB Seeks Comment on ED 186 on Borrowing Costs


Accounting Standards Board The Accounting Standards Board (ASB) seeks comment on Exposure Draft 186 on proposed IPSAS 5, Borrowing Costs – Non-Authoritative Guidance. The call for comment was published in…

Disaster Management Tax Relief Acts Signed


The Presidency President Ramaphosa has signed the Disaster Management Tax Relief Act. The Disaster Management Tax Relief Bill was passed by parliament in September 2020 and sent to the president…

Treasury Seeks Technical Tax Proposals for 2021 Budget


National Treasury National treasury has called on taxpayers, tax practitioners and members of the public to submit technical tax proposals to be considered for possible inclusion in Annexure C of…