South Africa's National Treasury and Revenue Service have published, for public comment, the draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill, 2019 (Rates Bill), Taxation Laws Amendment Bill, 2019 (TLAB), and Tax Administration Laws Amendment Bill, 2019 (TALAB). The legislation includes measures that were announced as part of the 2019 Budget and certain other changes.
As provided in a media statement from the National Treasury, the draft Rates Bill gives effect to the following key tax proposals:
The draft TLAB gives effect to the following key tax proposals:
The draft TALAB gives effect to the following key tax proposals:
Click the following link for the documents for comment. The deadline for comments is 23 August 2019.