On 11 October 2022, the South African Revenue Service (SARS) gave notice that in terms of the Rules of the National Assembly that the Minister of Finance intends to introduce the Tax Administration Laws Amendment Bill, 2022, in the National Assembly in the near future.
According to the published Explanatory Summary the Bill provides for the following amendments to the Customs and Excise Act, 1964:
- so as to insert a definition and effect consequential changes related thereto;
- to make technical corrections;
- to provide for the publication of advance rulings in certain circumstances;
- to enable the Commissioner for SARS to make rules for the time for submission of entries in respect of any types of cargo;
- to clarify a provision relating to particulars on invoices and to effect changes to other provisions consequential to this clarification to ensure consistency of wording relating to invoice particulars;
- to repeal an outdated provision;
- to insert a chapter providing for advance rulings in respect of the tariff classification, the application of a specific valuation criterion and the origin of goods of a specific class or kind and for related matters;
- to provide for consequential amendments relating to advance rulings; and
- to enhance the general enabling Rule provision.
