Draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill 2021

Call for comments opened 24 February 2021 Share this page:

Submissions are now closed (since 31 March 2021)

Finance Standing Committee

The National Treasury has published the Draft Rate and Monetary Amounts and Amendment of Revenue Laws Bill 2021 and is asking you to comment.

The Bill seeks to fix the rates of normal tax; to amend the Income Tax Act, 1962, so as to:
▪ amend rates of tax and monetary amounts;
▪ amend the Customs and Excise Act, 1964, so as to amend rates of duty in Schedule 1 to that Act;
▪ insert new tariff items;
▪ delete tariff items;
▪ delete rebate items;
▪ insert rebate items; to amend the Carbon Tax Act, 2019, so as to amend rate of tax;
▪ amend the Rates and Monetary Amounts and Amendment of Revenue Laws Act, 2020, so as to provide for corrections; and to provide for matters connected therewith.

Find here: Media statement: Publication of the 2021 Draft Tax Bills and other Regulations

Comments can be emailed to the National Treasury at 2020AnnexCProp@treasury.gov.za and SARS at acollins@sars.gov.za by no later than Wednesday, 31 March 2021.