TAX BILLS: NATIONAL ASSEMBLY COMMITTEE CALLS FOR SUBMISSIONS

TAX BILLS: NATIONAL ASSEMBLY COMMITTEE CALLS FOR SUBMISSIONS

• 17 November 2025
• Parliament
• SA Legal Academy

In anticipation of parliamentary hearings on 28 November 2025, the National Assembly’s Standing Committee on Finance has published a notice calling for written submissions on the 2025/26 Taxation Laws Amendment Bill and Tax Administration Laws Amendment Bill. The deadline for input is 24 hours beforehand.

According to the notice, among other things the Taxation Laws Amendment Bill seeks to:

• provide for carbon tax Phase 2
• reduce the threshold for assessed loss ring-fencing
• provide for the tax treatment of foreign retirement benefits
• ‘close loopholes’ in provisions for ‘asset-for-share and amalgamation transactions involving collective investment schemes’
• provide for ‘the VAT treatment of airtime vouchers supplied in South Africa for exclusive use in an export country’, and
• address issues relating to low value goods imports.

The Tax Administration Laws Amendment Bill seeks – among other things – to:

• clarify ‘the meaning of audit certificate to be issued by public benefit organisations’
• provide for ‘a simplified customs … regime for … goods imported or exported for … express delivery on a door-to-door basis’
• address issues relating to the ‘dutiability of waste derived from processing imported goods in manufacturing plants’
• provide for ‘a customs and excise voluntary disclosure programme’
• enable ‘the VAT modernisation project’
• provide for the inspection of the business premises of ‘a taxpayer applying for registration or approval’, and
• clarify what is meant by ‘bona fide inadvertent error for purposes of understatement penalties’.

Please click the links below for more information:

• notice
• Taxation Laws Amendment Bill
• Tax Administration Laws Amendment Bill

Published by SA Legal Academy Policy Watch

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