Taxation Laws Amendment Draft Bill

The Standing Committee on Finance invites you to submit written submissions on the following Bills:

Draft Taxation Laws Amendment Bill

The Draft Taxation Laws Amendment Bill aims to:
▪ amend the Income Tax Act, 1962, so as to amend, delete and insert certain definitions; to make corrections; to repeal certain provisions;
▪ amend provisions; to make new provisions; and to make textual and consequential amendments
▪ amend the Value-added Tax Act, 1991, so as to amend certain provisions and schedules
repeal the Tax on Retirements Funds Act, 1996
▪ amend the Securities Transfer Tax Act, 2007, so as to amend a provision
▪ amend the Employment Tax Incentive Act, 2013, so as to amend certain provisions
▪ amend he Taxation Laws Amendment Act, 2013, so as to amend certain provisions.

Draft Tax Administration Laws Amendment Bill

The Draft Tax Administration Laws Amendment Bill aims to:
▪ amend the Income Tax Act, 1962, so as to effect consequential and textual amendments; to delete a provision; and to amend certain provisions ;
▪ amend the Customs and Excise Act, 1964, so as to effect consequential amendments;
▪ amend certain provisions; to insert certain provisions; and to effect technical corrections
▪ amend the Value-added Tax Act, 1991, so as to effect consequential amendments; and to amend certain provisions
▪ amend the South African Revenue Service Act, 1997, so as to amend a provision
▪ amend the Securities Transfer Tax Administration Act, 2007, so as to effect consequential amendments amend the Tax Administration Act, 2011, so as to amend certain provisions; to effect technical corrections; and to effect textual and consequential amendments
▪ amend the Tax Administration Laws Amendment Act, 2012, so as to effect technical corrections
▪ amend the Customs Duty Act, 2014, so as to effect technical corrections; to effect consequential amendments; and to insert a provision
▪ amend the Customs Control Act, 2014, so as to amend certain provisions; to effect consequential amendments; and to insert a provision.

Draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill

The Draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill aims to:
▪ fix the rates of normal tax;
▪ amend the Income Tax Act, 1962, so as to amend rates and monetary amounts;
▪ amend the Customs and Excise Act, 1964, so as to amend rates of duty in Schedule 1 to that Act.


Public hearings will be held in Parliament on Tuesday, 26 and Wednesday, 27 August 2014.

Comments can be emailed to Mr Allen Wicomb at [email protected] by no later than 12:00 on Friday, 22 August 2014

Enquiries can be directed to Mr Allen Wicomb on tel (021) 403-3759 or cell 083 412 1475

Issued by Hon YI Carrim, MP, Chairperson: Standing Committee on Finance (National Assembly)