• Adami Geldenhuys

New Tax and Revenue Laws gazetted on 19 January 2022

Updated: Jan 21


The following new Tax and Revenue Acts were gazetted on 19 January 2022:


Division of Revenue Amendment Act 17 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.”

GenN767 GG 45784 p1 19Jan2022

https://www.gov.za/documents/division-revenue-amendment-act-17-2021-english-siswati-19-jan-2022-0000


Adjustments Appropriation Act 18 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.”

GenN768 GG 45785 p1 19Jan2022

https://www.gov.za/documents/adjustments-appropriation-act-18-2021-english-sepedi-19-jan-2022-0000


Rates and Monetary Amounts and Amendment of Revenue Laws Act 19 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.”

GenN769 GG 45786 p1 19Jan2022

https://www.gov.za/documents/rates-and-monetary-amounts-and-amendment-revenue-laws-act-19-2021-english-afrikaans-19-jan


Tax Administration Laws Amendment Act 21 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 system; 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.”

GenN771 GG 45788 p1 19Jan2022

https://www.gov.za/documents/tax-administration-laws-amendment-act-21-2021-english-afrikaans-19-jan-2022-0000


Taxation Laws Amendment Act 20 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; to make new provision, 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.”

GenN770 GG 45787 p1 19Jan2022

https://www.gov.za/documents/taxation-laws-amendment-act-20-2021-english-afrikaans-19-jan-2022-0000


Date posted: 20 January 2022

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