• Danielle Geldenhuys

New Tax and Revenue Bills tabled in Parliament on 11 November 2021

Updated: Apr 11

NOTE:

The Bills mentioned in this post were subsequently passed by Parliament and published in the government gazette.

See New Tax and Revenue Laws gazetted on 19 January 2022 at

https://www.lexinfo.co.za/post/new-tax-and-revenue-laws-gazetted-on-19-january-2022 for more information.

The following Bills were tabled in Parliament:


Adjustments Appropriation Bill 19 of 2021

“To effect adjustments to the appropriation of money from the National Revenue Fund for the requirements of the State in respect of the 2021/22 financial year; and to provide for matters incidental thereto.”

https://pmg.org.za/files/B20-2021_Adjustments_Appropriation.pdf


Division of Revenue Amendment Bill 20 of 2021

“To amend the Division of Revenue Act, 2021, in accordance with the Money Bills and Related Matters Act, 2009; and to provide for matters connected therewith.”

https://pmg.org.za/files/B19-2021_Division_of_Revenue_Amendment_Bill.pdf


Rates and Monetary Amounts and Amendment of Revenue Laws Bill 21 of 2021

“To fix the rates of normal tax; to amend the Income Tax Act, 1962, so as to amend rates of tax and monetary amounts; to amend the Customs and Excise Act, 1964, so as to amend rates of duty in Schedule 1 to that Act; to insert new tariff items; to delete tariff items; to delete rebate items; to insert rebate items; to amend the Carbon Tax Act, 2019, so as to amend a rate of tax; to amend the Rates and Monetary Amounts and Amendment of Revenue Laws Act, 2020, so as to provide for corrections; and to provide for matters connected therewith.”

https://pmg.org.za/files/B21-2021_Rates_and_Monetary_Amounts.pdf


Taxation Laws Amendment Bill 22 of 2021

“To amend the Transfer Duty Act, 1949, so as to amend a provision; to amend the Estate Duty Act, 1955, so as to amend certain provisions; to amend the Income Tax Act, 1962, so as to amend certain definitions; to amend certain provisions; to make new provision; to amend certain Schedules; and to replace a Schedule; to amend the Customs and Excise Act, 1964, so as to make provision for continuations; to amend the Value-Added Tax Act, 1991, so as to amend certain provisions; and to amend a Schedule; to amend the Securities Transfer Tax Act, 2007, so as to amend certain provisions; to amend the Employment Tax Incentive Act, 2013, so as to amend certain provisions; to amend the Taxation Laws Amendment Act, 2013, so as to amend certain effective dates; to amend the Carbon Tax Act, 2019, so as to amend certain provisions; and to amend a Schedule; to amend the Taxation Laws Amendment Act, 2019, so as to amend a certain effective date; to amend the Disaster Management Tax Relief Act, 2020, so as to amend the long title; to amend the Preamble; and to amend certain provisions; to amend the Taxation Laws Amendment Act, 2020, so as to amend certain provisions; and to provide for matters connected therewith.”

https://pmg.org.za/files/B22-2021_Taxation_Laws.pdf


Tax Administration Laws Bill 23 of 2021

“To—

  • amend the Estate Duty Act, 1955, so as to make textual corrections;

  • amend the Income Tax Act, 1962, so as to enable the Commissioner to request certain information by public notice; to align the provision with regard to submission of a return by a foreign person in respect of withholding tax on royalties with that of withholding tax on interest; to align the refund limitation rules for dividends paid in specie with that of dividends paid in cash; to provide that the prescription periods will not apply with regard to certain deductions claimed by farmers and to provide for extended record-keeping periods; to provide for textual corrections; to provide for a penalty to be raised on an estimate of employees’ tax; to provide that a first provisional tax payment and return will not be required when the duration of a year of assessment does not exceed six months; and to provide for the deletion of a penalty;

  • amend the Customs and Excise Act, 1964, so as to make technical corrections; to expand the purposes for which air cargo may be removed to degrouping depots to include consolidation and removal to transit sheds for export; to effect amendments consequential to changes to the SARS customs accreditation ystem; to expand the scope of matters that SARS may investigate to confirm the validity of a diesel refund claim; and to make the unlawful possession or use of a customs uniform an offence;

  • amend the Tax Administration Act, 2011, so as to make textual corrections; to provide for an extension in submission of a return or relevant material with regard to assessments based on an estimate; to provide for a date from which a taxpayer may lodge an objection and appeal with regard to assessments based on an estimate; to provide for an exception to prescription; and to correct a cross-reference;

  • amend the Disaster Management Tax Relief Administration Act, 2020, so as to amend certain dates in order to provide relief under the Act, and to provide for matters connected therewith.”

https://pmg.org.za/files/B23-2021_Tax_Administration_Laws.pdf


Date posted: 15 November 2021


Updated: 20 November 2022

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