Revenue Laws Amendment Bill [B4-2016]

The Standing Committee on Finance and the Select Committee on Finance invites you to submit written comments on the Revenue Laws Amendment Bill 2016.

The Revenue Laws Amendment Bill aims to:
• Amend the Income Tax Act, 1962, so as to correct certain provisions;
• Provide for a correction of the calculation of the amount of a deduction in determining taxable income;
• Amend the Taxation Laws Amendment Act, 2015, so as to amend certain provisions;
• Provide for the postponement of the commencement of certain provisions in respect of taxation of retirement benefits.

Public hearings will be conducted at Parliament on Thursday, 3 March 2016 at 14h00 (joint sitting of NA & NCOP) and Thursday, 10 March 2016 (NCOP)

Please note submissions and request to make oral presentation must be received by no later than 16:00 on Wednesday, 2 March 2016.

Comments can be emailed to Mr Allen Wicomb (Standing Committee on Finance) at [email protected] and to Mr Zolani Rento (Select Committee on Finance) at [email protected] by no later than 16:00 on Wednesday, 2 March 2016.

Enquiries can be directed to Mr Allen Wicomb on tel 021) 403-3759 or Mr Zolani Rento on tel 021) 403-8071

Issued by Hon. YI Carrim, MP, Chairperson: Standing Committee on Finance (National Assembly) and Hon. CJ De Beer, MP, Chairperson: Select Committee on Finance (National Council of Provinces).