2022 Draft Rates, Revenue & Tax Bills

The Standing Committee on Finance invites you to submit written submissions on the 2022 Draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill (Rates Bill), 2022 Draft Revenue Laws Amendment Bill (Revenue Laws Bill), 2022 Draft Taxation Laws Amendment Bill (TLAB), and the 2022 Draft Tax Administration Laws Amendment Bill (TALAB).

Key Tax Proposals Contained in the 2022 Draft Rates Bill Include the following:

• Tax announcements made in the 2022 Budget, dealing with changes in rates and monetary thresholds to the personal income tax tables, and increases of the excise duties on alcohol and tobacco
• Changes tabled by the Minister in Parliament on 31 March 2022 and 31 May 2022 regarding temporary relief on the fuel levy as well as the postponement of the effective date of an increase in the health promotion levy.

Public hearings ​13 September 2022

Key Tax Proposals contained in the 2022 Draft Revenue Laws Bill include the following:

• Tax amendments made by the Minister in the February 2021 Budget Speech and November 2021 Medium Term Budget Policy Statement dealing with the “two pot” retirement system. These amendments also follow a discussion document published by National Treasury for public comment on 15 December 2021, titled “Encouraging South African households to save more for retirement”.

Public hearings ​13 September 2022

Key Tax Proposals contained in the 2022 Draft TLAB include the following:

Tax announcements made in Chapter 4 and Annexure C of the 2022 Budget Review, dealing with the following:
• Progressive increase in the carbon tax rate for 2023 to 2030
• Vaping: Taxation of electronic nicotine and non-nicotine delivery systems
• Impact of IFRS17 insurance contracts on the taxation of insurers
• Reviewing the debtor’s allowance provisions to limit the impact on lay by arrangements.

​​Public hearings ​14 September 2022

Key Tax Proposals contained in the 2022 Draft TALAB include the following:

Tax announcements made in Chapter 4 and Annexure C of the 2022 Budget Review, dealing with the following:
• Advance rulings under the Customs and Excise Act
• Imposition of understatement penalty for employment tax incentives improperly claimed
• Addressing tax compliance status system abuse.

​Public hearings ​14 September 2022

Submissions must be received by no later than 12:00 on Monday, 12 September 2022.

Those who want to make submissions at public hearings on Tuesday, 13 and Wednesday, 14 September 2022 should specifically request this. These hearings will be conducted through Zoom.

Submissions can be emailed to Mr Allen Wicomb at [email protected] and Ms Teboho Sepanya at [email protected] by no later than 12:00 on Monday, 12 September 2022.

Enquiries can be directed to must be directed to Mr Allen Wicomb on tel (021) 403 3759 or Ms Teboho Sepanya on tel 021 403 3662

Issued by Hon. J Maswanganyi, MP, Chairperson: Standing Committee on Finance (National Assembly)

Find here: Media Statement
                  Draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill 29 July 2022
                  DRAFT TLAB -29 July 2022
                  Draft Explanatory Memoradum on the 2022 Draft RLAB - 29 July 2022
                  Draft Explanatory Memoradum on the 2022 Draft TLAB- 29 July 2022
                  Draft Memo on objects of Draft Tax Administraion Laws Amendment Bill-29 July 2022
                  Draft Tax Administration Laws Amendment Bill 2022- 29 July 2022
                  Draft Revenue Laws Amendment Bill -Two Pot System-29 July 2022