On 17 July National Treasury and Sars announced the publication of the 2018 draft Taxation Laws Amendment Bill (TLAB) and its Explanatory Memorandum, the 2018 draft Tax Administration Laws Amendment Bill (TALAB) and its Explanatory Memoranda on which comment is due by 16 August.
The TLAB and TALAB include the legislative amendments for the more complex tax proposals that were announced in the 2018 Budget Review in February.
The TALAB contains proposed amendments to sections 58A and 114A to the Act, 1964, and sections 1, 71 and 705A to the Customs Control Act, 2014 (Act, 2014). It has been 1 465 days since the Act 2014 was published.