Draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill

Call for comments opened 26 February 2020 Share this page:

Submissions are now closed (since 30 March 2020)

Finance Standing Committee

The National Treasury invites you to comment on Draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill.

The Bill seeks to:
▪fix the rates of normal tax; to 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 new tariff items; delete tariff items; delete rebate items; insert rebate items; and provide for matters connected therewith.

Comments can be emailed to the National Treasury tax policy deposit at 2020AnnexCProp@treasury.gov.za and Adele Collins at acollins@sars.gov.za by no later than Tuesday, 30 March 2020