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 46207. New subrules (6) and (7) are…
Parliament Debates 2022 Fiscal Framework and Revenue Proposals
National Treasury Work is underway to review the grants system focused on developing an optimal support mechanism for grants recipients. The finance minister, Enoch Godongwana, confirmed this in parliament during…
Parliament Briefed on Budget 2022
National Treasury Government continues to reprioritise, reallocate and review spending to meet policy priorities and improve efficiency. National treasury highlighted this during a briefing in parliament on Budget 2022. The…
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 amendments in Government Gazette 45931. New forms are inserted. Forms…
Adjustments Appropriation Bill Sent to NCOP
Parliament The national assembly has passed the 2021 Adjustments Appropriation Bill and sent it to the national council of provinces (NCOP) for concurrence. The bill was tabled in parliament on…
Due Date for Income Tax Returns Extended
South African Revenue Service The due date for income tax returns has been extended. The South African Revenue Service (SARS) announced the extension in Government Gazette 45539 in terms of…
Technical Tax Proposals for 2022 Budget Sought
National Treasury National treasury seeks technical tax proposals to be considered for possible inclusion in Annexure C of the 2022 Budget Review. In a statement, treasury points out that new…
Tax Administration Laws Bill Heading for Parliament
South African Revenue Service The Tax Administration Laws Amendment Bill is heading for parliament. The South African Revenue Service published the draft bill’s explanatory summary in Government Gazette 45437. The…
Regulation 28 of Pensions Fund Act Under the Spotlight
National Treasury Proposed amendments to Regulation 28 of the Pensions Fund Act have been drawn up. National treasury published the draft amendments in Government Gazette 45396 for comment. Regulation 28…
Treasury Shines Light on Anti-Money Laundering System
National Treasury The continuous strengthening of the country’s anti-money laundering, counter financing of terrorism and counter financing of proliferation (AML/CFT/CPF) system is central to protecting and helping to make the…