Customs

Draft Taxation Laws Amendment Bill, 2020 – Comment due

On ​31 July the South African Revenue Service (SARS) informed of the publication of the draft Taxation Bills, 220 for public comment, which is due on 31 August.

The documents are:

  • 2020 Draft Taxation Laws Amendment Bill (TLAB) – 31 July 2020
  • 2020 Draft Explanatory Memorandum on the 2020 Draft Taxation Laws Amendment Bill – 31 July 2020
  • 2020 Draft Tax Administration Laws Amendment Bill (TALAB ) – 31 July 2020
  • 2020 Draft Memorandum on the objects of the 2020 Draft Tax Administration Laws Amendment Bill – 31 July 2020
  • 2020 Draft Regulations Prescribing Electronic Service – 31 July 2020

Then, there is also a requirement that the Venture Capital Companies complete the Venture Capital Company (VCC) Survey.

The Media Release is accessible at:

https://www.sars.gov.za/AllDocs/LegalDoclib/Drafts/LPrep-Draft-2020-42%20-%2020200731%20Media%20statement%20%20Publication%20of%20the%202020%20Draft%20Tax%20Bills%20and%20accompanying%20documents.pdf

Story by: Riaan de Lange

SA Customs Buzz