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MFMA Exemption for Municipalities Withdrawn

MFMA Exemption for Municipalities Withdrawn


National Treasury The exemption of municipalities and municipal entities from the provisions of the Local Government: Municipal Finance Management Act (MFMA) 56 of 2003 and regulations has been withdrawn. National…

Customs and Excise Act Rules Amended


South African Revenue Service Customs and Excise Act Rules have been amended. The South African Revenue Service (SARS) published the amended Rules in Government Gazette 44601. New DA 260 forms…

SARS Calls for 2021 Tax Returns


South African Revenue Service The South African Revenue Service (SARS) has called for tax returns for the 2021 year of assessment to be submitted. The call was made in Government…

Customs and Excise Act Rules Amended


South African Revenue Service Customs and Excise Act Rules have been amended. The South African Revenue Service (SARS) announced the amendment in Government Gazette 44546. Rule 76.02 on refund applications…

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 amendment of Rules (DAR 211) in Government Gazette 44506. Amendments focus…

Revenue Laws Second Amendment Act Under the Spotlight


South African Revenue Service Section 35(1)(a) of the Revenue Laws Second Amendment Act comes into effect on 1 June 2021. The South African Revenue Service published Proclamation 14 in Government…

Comment Sought on Carbon Offset Regulations


National Treasury National treasury has published draft amendments to the Carbon Offset Regulations for comment. In a statement, treasury indicates that the draft amendments were drafted in terms of section…

Regulation 28 of the Pension Funds Act Under the Spotlight


National Treasury Draft amendments to Regulation 28 of the Pension Funds Act have been published for public comment. In a statement, national treasury pointed out that the proposed amendments are…

National Treasury Briefs Parliament on 2021 Budget


National Treasury Briefing parliament on the 2021 Budget yesterday, national treasury emphasized that it strikes a difficult balance between providing immediate support for the economy and shoring up the country’s…

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…