20 July 2017 by Cliffe Dekker Hofmeyr Special Edition Tax and Exchange Control Alert

Our experts' views on the 2017 Draft Taxation Laws Amendment Bill and the 2017 Draft Tax Administration Laws Amendment Bill

Yesterday National Treasury and the South African Revenue Service published for public comment the 2017 Draft Taxation Laws Amendment Bill and the 2017 Draft Tax Administration Laws Amendment Bill.

Yesterday National Treasury and the South African Revenue Service published for public comment the 2017 Draft Taxation Laws Amendment Bill and the 2017 Draft Tax Administration Laws Amendment Bill. Together with the 2017 Draft Rates and Monetary Amounts and Amendment of Revenues Laws Bill (Rates Bill) published on 22 February 2017, these three draft Bills give effect to the tax proposals announced on Budget Day (22 February 2017), as published in the Budget Review. The two draft Bills released yesterday include most of the more complex and administrative tax proposals but exclude the proposals dealt with in the Rates Bill, such as changes to the personal income tax brackets and rates and excise duties, and the introduction of the Health Promotion Levy (the proposed sugary beverage tax). Read our experts' views on recently published Bills.

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