CATEGORIES
- (27)Agriculture, Land Reform & Rural Development
- (23)Auditors & Accountants
- (6)Broad-based Black Economic Empowerment
- (5)Built Environment
- (53)Communications & Digital Technologies
- (2)Company Law
- (2)Consumer Law
- (10)Courts
- (2)Criminal Law
- (1)Cybercrimes
- (2)Disaster Management
- (11)Education & Training
- (4)Electoral Law
- (87)Environmental Law
- (4)Family Law
- (131)Financial Sector
- (3)Fisheries & Aquaculture
- (5)General Interest
- (17)Health & Safety
- (22)Home Affairs
- (3)Housing
- (14)In the Spotlight
- (1)International Co-operation
- (73)Justice & Constitutional Development
- (50)Labour Law
- (16)Legal Practice Council
- (16)Local Government
- (23)Minerals & Energy
- (1)Monetary Policy
- (1)National Development Plan
- (16)National Treasury
- (62)New Legislation
- (12)Opportunities for Public Comment
- (6)POPIA
- (274)Parliament
- (1)Practice Management
- (4)Presidency
- (13)Property Law
- (8)Public Service
- (3)Retirement Reform
- (13)Road Accident Fund
- (20)Safety and Security
- (7)Small Business Development
- (21)Social Development
- (9)Sport, Arts & Culture
- (14)State Owned Enterprises
- (4)State of Disaster (energy)
- (17)Taxation
- (7)Tourism
- (60)Trade, Industry & Competition
- (33)Transport
- (15)Water & Sanitation
- Show All
2025/26 BUDGET REVIEW: NATIONAL TREASURY CALLS FOR TECHNICAL TAX PROPOSALS
- 06 November 2024
- Taxation
- SA Legal Academy
National Treasury has issued a media statement calling for technical tax proposals for possible inclusion in Annexure C of the 2025 Budget review. The deadline for submissions is 25 November 2024 – in anticipation of workshops on 4 and 5 December 2024.
According to the statement, proposals should be ‘limited to unintended anomalies, revenue leakages, loopholes’ and other technical matters in the prevailing legislation requiring attention or correction. This is noting that ‘more substantive tax policy proposals and rate changes are dealt with through a different process’.
Meanwhile, the National Assembly’s Standing Committee on Finance and its NCOP counterpart have embarked on the process routinely followed when considering the annual Medium Term Budget Policy Statement (MTBPS) and related tax Bills. This began on 6 November 2024 with joint parliamentary hearings on the MTBPS.
The post-MTBPS parliamentary process on tax and rates Bills should be seen in the context of a broader public participation process. This year:
- it began on 1 August 2024, when National Treasury released the 2024/25 tax and rates Bills in draft form for public comment (as SA Legal Academy reported at the time)
- these Bills were the focus of parliamentary hearings on 8 and 9 September 2024, conducted by the National Assembly’s Standing Committee on Finance, and that
- further revised to reflect some of the input received, the Bills were then formally introduced on 20 October 2024 with the MTBPS.
The post-MTBPS parliamentary process on these Bill tends to limit parliamentary hearings to those conducted by the NCOP’s Finance Committee after they have been passed by the National Assembly and sent to the NCOP for concurrence.
- media statement calling for technical proposals
Published by SA Legal Academy Policy Watch
Follow us on X @SALegalAcademy (you can also join us on LinkedIn and Facebook)