2020 Tax Bills & Rates Bill

Call for comments opened 18 November 2020 Share this page:

Submissions are now closed (since 23 November 2020)

NCOP Finance

The Select Committee on Finance invites stakeholders and interested parties to submit written submissions on the 2020 Taxation Laws Amendment Bill (TLAB), 2020 Tax Administration Laws Amendment Bill (TALAB), and 2020 Rates and Monetary Amounts and Amendment of Revenue Laws Bill (Rates Bill).

Comments must be submitted to Mr Nkululeko Mangweni at nmangweni@parliament.gov.za by no later than 12:00 on Monday, 23 November 2020.

Public hearings will take place via zoom on Tuesday, 24 November 2020

Those who want to make submissions at the public hearings should specifically request this.

Key tax proposals contained in the 2020 TLAB include the following: 

  • Proposed introduction of export taxes on scrap metals;
  • Tax measures required as a result of the modernisation of the foreign exchange control system;
  • Aligning the carbon fuel levy adjustment with the Carbon Tax Act;
  • Allowing a carbon tax “pass through” for the regulated liquid fuels sector; and
  • Addressing an anomaly in the tax exemption of employer provided bursaries.

 Key tax proposals contained in the 2020 TALAB include the following: 

  • Amendments enabling the proposed introduction of an export tax on scrap metals;
  • Removal of the requirement to prove intent with regard to certain offences listed in the Fourth Schedule to the Income Tax Act, the Value-Added Tax Act and the Tax Administration Act;
  • Refusal to authorise a refund where returns are outstanding under the Skills Development Levies Act and the Unemployment Insurance Contributions Act;
  • Withholding of a refund pending a criminal investigation; and
  • Estimated assessments where relevant material requested by SARS has not been supplied.

 Key tax proposals contained in the 2020 Rates Bill include the following: 

  • Changes in rates and monetary thresholds to the personal income tax tables;
  • Adjustment of transfer duty rates to support the property market; and
  • Increases of the excise duties on alcohol and tobacco.

 

The National Assembly passed three Bills on 17 November 2020.  The three Bills were tabled in Parliament by the Minister of Finance, together with the 2020 Medium-Term Budget Policy Statement. Below are the reports of the Standing Committee on Finance on the three bills:


ATC201111: Report of the Standing Committee on Finance on the Tax Administration Laws Amendment Bill [B28 - 2020] (National Assembly- section 75), dated 11 November 2020

ATC201111: Report of the Standing Committee on Finance on the Tax Laws Amendment Bill [B27 - 2020] (National Assembly- section 77), dated 11 November 2020

ATC201111: Report of the Standing Committee on Finance on the Rates and Monetary Amounts and Amendment of Revenue Laws Bill [B26 - 2020] (National Assembly- section 77), dated 11 November 2020

Enquires can be directed to Mr Nkululeko Mangweni at nmangweni@parliament.gov.za or 061 438 9448.