Itac Commissioner Appointment Should you hold any aspirations of serving as an International Trade Administration Commission of South Africa (Itac) Commissioner (member), then you now have the opportunity to do so. On 24 July 2015 the Economic Development Department (EDD) called for nominations by 31 July 2015. Who knows, should you be appointed as a member your first order of business could well be to consider the application for the rate of customs duty increase on steel products. If you believe media reports, an application has been lodged with Itac. 2015 Draft Taxation Laws On 22 July 2015 National Treasury published for public comment the 2015 draft Taxation Laws Amendment Bill (TLAB) (and its explanatory memorandum) and the 2015 draft Tax Administration Laws Amendment Bill (TALAB) (and its explanatory memorandum). These bills, on which comment is due by 24 August 2015, provide the legislative amendments required to implement most of the tax proposals that were announced in the 2015 Budget on 25 February 2015. The TLAB contains two proposed amendments (Section 20 of the Customs and Excise Act, 1964 (Act) (Goods in customs and excise warehouses) and (amendment or withdrawal of, or insertion in, Schedules No 1 to 6, 8 and to the Act made during the period from 1-30 September 2015.). The TALAB contains proposed amendments to the Act (Sections 1,4, 4D, 27 and 99); to the Tax Administration Act, 2011 (Sections 68 and 69); to the Customs Duty Act, 2014 (Sections 1, 24, 25, 39, 67, 88, 182 and 202); and to the Customs Control Act, 2014 (Sections 1, 21, 49, 65, 67, 69, 71, 110, 112, 113, 115, 171, 205, 211, 214, 233, 235, 259, 299, 313, 332, 350, 359, 368, 373, 396, 418, 421, 432, 439, 444, 452, 458, 460, 580, 581, 590, 600, 626, 627, 695, 761, 762, 780, 789, 823, 825, 832, 877, 896, 913). The proposed amendments to the Customs Duty Act will take effect immediately after that Act has taken effect in terms of section 229 of that Act, and the amendments to the Customs Control Act will take effect immediately after that Act has taken effect in terms of section 944(1) of that Act. Customs Acts Amendments If you think that the drafting of the Customs Duty Act and Customs Control Act have been completed, taking into account the article above, you may want to reconsider. A number of the proposed amendments relate to incorrect references (cross reference), grammatical and technical corrections, and the deletion of unnecessary requirements. This for Acts that have yet to enter into force. Duty Calls – Watch List Comment on the proposed review of the rebate provision on polymers of propylene for the manufacture of self adhesive tape is due by 31 July 2015.
