Rates and Monetary Amounts & Amendment of Revenue Laws Bill plus its Administration Bill; Taxation Laws Amd Bill; Tax Administration Laws Amd Bill - draft

Call for comments opened 19 August 2016 Share this page:

Submissions are now closed (since 12 September 2016)

Finance Standing Committee

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

Draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill

The Bill aims to:
• fix the rates of normal tax;
• amend the Transfer Duty Act, 1949; so as to amend rates of transfer duty and monetary thresholds; • amend the Income Tax Act, 1962, so as to amend rates of tax and monetary amounts;
• amend the Customs and Excise Act, 1964, so as to amend rates of duty in Schedule 1 to that Act;
• provide for additional relief under the voluntary disclosure programme.

Draft Rates and Monetary Amounts and Amendment of Revenue Laws (Administration) Bill

The Bill aims to:
• provide for administrative matters in respect of additional relief under the voluntary disclosure programme; and

Public hearings will be conducted at Parliament on Tuesday, 30 August 2016.

Please note submissions and requests to make oral presentation must be received by no later than
12:00 on Monday, 29 August 2016.

Draft Taxation Laws Amendment Bill

The Bill aims to:
• amend the Transfer Duty Act, 1949, so as to amend a provision;
• amend the Estate Duty Act, 1955, so as to amend a provision;
• amend the Income Tax Act, 1962, • amend certain provisions;
• make new provision;
• repeal certain provisions;
• amend the Customs and Excise Act, 1964, so as to make new provision; and to make provision for continuations;
• amend the Value-Added Tax Act, 1991, so as to amend certain provisions;
• amend the Skills Development Levies Act, 1999, so as to amend a provision;
• amend the Unemployment Insurance Contributions Act, 2002, so as to amend a provision;
• amend the Securities Transfer Tax Act, 2007, so as to amend certain provisions;
• amend the Mineral and Petroleum Resources Royalty Act, 2008 so as to amend a provision;
• amend the Taxation Laws Amendment Act, 2013;
• amend the Taxation Laws Amendment Act, 2014, so as to amend a provision;
• amend the Taxation Laws Amendment Act, 2015, so as to amend a provision.

Draft Tax Administration Laws Amendment Bill

The Bill aims to:
• amend the Income Tax Act, 1962, so as to effect amendments and to amend Schedules;
• amend the Customs and Excise Act, 1964, so as to narrow the scope of a section in respect of SEZs; and broaden the scope of a section for cigarette marking, tracking and tracing;
• amend the Value-Added Tax Act, 1991, so as to amend provisions to align with new legislation; effect amendments to provisions and to amend a Schedule;
• amend the Mineral and Petroleum Resources Royalty (Administration) Act, 2008, so as to streamline its application as a provisional tax;
• amend the Tax Administration Act, 2011, so as to effect amendments;
• amend the Customs Duty Act, 2014, so as to effect amendments;
• amend the Customs Control Act, 2014, so as to effect amendments.

Public hearings will be conducted at Parliament on Wednesday, 14 September 2016.

Please note submissions and requests to make oral presentation must be received by no later than 12:00 on Monday, 12 September 2016.

Comments can be emailed to Mr Allen Wicomb at awicomb@parliament.gov.za by no later than 12:00 on Monday, 12 September 2016.

Enquiries can be directed to Mr Allen Wicomb on tel (021) 403 3759

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