Disaster Management Tax Bills

The Standing Committee on Finance and the Select Committee on Finance invite stakeholders and interested parties to submit written submissions on the Disaster Management Tax Relief Bill [B 11 - 2020] and Disaster Management Tax Relief Administration Bill [B 12 - 2020]

Comments can be sent to [email protected] / [email protected] or [email protected]  by no later than 12:00 on Friday, 17 July 2020

Committee Secretaries, Mr Allen Wicomb and Ms Teboho Sepanya (Standing Committee on Finance) and Mr Nkululeko Mangweni (Select Committee on Finance)

Those who want to make submissions at public hearings on Wednesday, 22 July 2020 should specifically request this. These hearings will be conducted through MS Teams.

The Disaster Management Tax Relief Bill [B 11 - 2020] aims to:

• amend the Employment Tax Incentive Act, 2013, so as to amend certain provisions to provide for tax relief in respect of the COVID-19 pandemic
• make new provision for the tax treatment of certain organisations for disaster relief in respect of the COVID-19 pandemic and of donations to such organisations
• provide for a temporary exemption from liability to pay skills development levies under the Skills Development Levies Act, 1999; and
• provide for matters connected therewith.

The Disaster Management Tax Relief Administration Bill [B 12 - 2020] aims to:

• provide for tax measures in order to assist with alleviating cash flow burdens on tax compliant micro and small to medium sized businesses arising as a result of the COVID-19 pandemic and measures taken under the Disaster Management Act, 2002
• provide for the employees’ tax treatment of donations to the Solidarity Fund
• provide for a change in the value-added tax category of vendors to effect monthly returns and refunds; and
• provide for matters connected therewith.

Track the Disaster Management Tax Relief Bill [B 11 - 2020] here

Track the Disaster Management Tax Relief Administration Bill [B 12 - 2020] here