National Treasury (NT) has invited taxpayers, tax practitioners and members of the public to submit tax proposals of a technical nature (and not of policy nature) to be considered for possible inclusion in Annexure C of the 2018 Budget Review.
The technical proposals requested in this invitation must be limited to unintended anomalies, revenue leakages, loopholes and technical matters applicable to the current tax legislation that require correction.
Proposals of a policy nature are dealt with through a different process, and hence this request does not apply to tax policy proposals.
The Finance Minister announces tax proposals in the Budget Speech in February every year.
The Budget Review provides additional information on the tax proposals made in the Budget and proposed changes to tax legislation. Major tax policy proposals are contained in Chapter 4 of the Budget Review and the more technical proposals are generally contained in Annexure C of the Budget Review.
Comment is due by 24 November, and a workshop will be held with stakeholders on 05 and 06 December 2017.