2022 Rates Bill & Tax Bills

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

Key tax proposals contained in the 2022 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.

Key tax proposals contained in the 2022 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.

Key tax proposals contained in the 2022 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.

Submissions must be received by no later than 12:00 on Monday, 14 November 2022.

Those who want to make submissions at public hearings on Tuesday, 15 November 2022 should specifically request this. These hearings will be conducted through Zoom.

Submissions can be emailed to Mr Nkululeko Mangweni at [email protected] by no later than 12:00 on Monday, 14 November 2022.

Enquiries can be directed to Mr Nkululeko Mangweni on tel (021) 403-3782

Issued by Hon. Y I Carrim, MP, Chairperson: Select Committee on Finance (National Council of Provinces)


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How to write a submission