2024 draft Global Minimum Tax Bill

The Standing Committee on Finance invites you to submit written submissions on the 2024 draft Global Minimum Tax Bill.

The 2024 draft Global Minimum Tax Bill aims to:
•Implement the Globe Model Rules in South Africa to enable South Africa to impose a multinational top-up tax at a rate of 15 percent on the profits of in-scope multinational enterprise groups.

Find here: Draft Explanatory Memorandum on Global Minimum Tax Bill 

Submissions can be emailed to Mr Allen Wicomb at [email protected] or Ms Teboho Sepanya at [email protected] by no later than 12:00 on Monday, 07 October 2024.

Those who want to make submissions at the public hearings on Tuesday, 08 and Wednesday, 09 October 2024 should specifically request this.

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

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

Track the bill here

How to write a submission