Subscribe
Call: +27 861 000 584

2015 draft Taxation Laws

On 22 July 2015 National Treasury published for public comment the 2015 draft Taxation Laws Amendment Bill (TLAB) (and its explanatory memorandum) and the 2015 draft Tax Administration Laws Amendment Bill (TALAB) (and its explanatory memorandum). These bills, on which comment is due by 24 August 2015, provide the legislative amendments required to implement most of the tax proposals that were announced in the 2015 Budget on 25 February 2015.

The TLAB contains two proposed amendments (Section 20 of the Customs and Excise Act, 1964 (Act) (Goods in customs and excise warehouses) and (amendment or withdrawal of, or insertion in, Schedules No 1 to 6, 8 and to the Act made during the period from 1 September 2014 up to 30 September 2015.).

The TALAB contains proposed amendments to the Act (Sections 1,4, 4D, 27 and 99); to the Tax Administration Act, 2011 (Sections 68 and 69); to the Customs Duty Act, 2014 (Sections 1, 24, 25, 39, 67, 88, 182 and 202); and to the Customs Control Act, 2014 (Sections 1, 21, 49, 65, 67, 69, 71, 110, 112, 113, 115, 171, 205, 211, 214, 233, 235, 259, 299, 313, 332, 350, 359, 368, 373, 396, 418, 421, 432, 439, 444, 452, 458, 460, 580, 581, 590, 600, 626, 627, 695, 761, 762, 780, 789, 823, 825, 832, 877, 896, 913). The proposed amendments to the Customs Duty Act will take effect immediately after that Act has taken effect in terms of section 229 of that Act, and the amendments to the Customs Control Act will take effect immediately after that Act has taken effect in terms of section 944(1) of that Act.

Leave a Reply

September 2017
S M T W T F S
« Dec    
 12
3456789
10111213141516
17181920212223
24252627282930

Robertson's Cargo Consultancy (Pty.) Limited

Tel: +27 86 100 0584
Cell: +27 82 871 2788
Fax: +27 86 647 6772

TETA Registration No:
TETA-ASSR09-2249
TETA-MODR12-161
TETA14-425