Rates and Monetary Amounts and Amendment of Revenue Laws Draft Bill

The Standing Committee on Finance invites you to submit written submissions on the 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 Transfer Duty Act, 1949; so as to amend transfer duty 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;
• Insert a new part;
• Insert a new section;
• Insert new tariff items;
• Amend the Taxation Laws Amendment Act, 2016 so as to change an effective date;
• Amend the Rates and Monetary Amounts and Amendment of Revenue Laws Act, 2016 so as to make corrections; and
• Provide for matters connected therewith.

Public hearings will be conducted at Parliament on Wednesday, 31 May 2017.

Submissions and requests to make oral presentations must be received by no later than 12:00 on Friday, 26 May 2017.

Comments can be emailed to Mr Allan Wicomb at [email protected] by no later than 12:00 on Friday, 26 May 2017

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

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