DRAFT 2023 TAX BILLS PUBLISHED FOR COMMENT

DRAFT 2023 TAX BILLS PUBLISHED FOR COMMENT

• 31 July 2023
• Taxation
• SA Legal Academy

National Treasury has called for input by 31 August 2023 on three draft tax Bills that, once operationalised, will give effect to proposals announced in the 2023/24 Budget Review. They are:

• the draft Rates & Monetary Amounts & Amendment of Revenue Laws Bill 
• the draft Taxation Laws Amendment Bill (with an accompanying draft explanatory memorandum), and
• the draft Tax Administration Laws Amendment Bill (with an accompanying draft explanatory memorandum)

Input is also sought on draft amendments on regulations for:

• the research and development tax incentive
• reverse charges on valuable metals ((with an accompanying draft explanatory memorandum), and
• carbon offsets.

A National Treasury media statement unpacks key aspects of each draft Bill and set of regulatory proposals.

• media statement
• National Treasury website page with links to each document

Published by SA Legal Academy Policy Watch

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