On 13 October the South African Revenue Service (SARS) released the Amendment of Revenue Laws Bill, 2020 Draft Taxation Laws Amendment Bill, and the 2020 Draft Tax Administration Laws Amendment Bill based on hearings by the Standing Committee on Finance in Parliament.
The document contains three Chapters dealing with customs duty and excise duty, export taxes on scrap metals; and carbon tax:
2. Customs and Excise Act: Increase in the Excise Duty on Tobacco
2.1. Increase in Excise Duty on Tobacco
2.2. Illicit Trade on Tobacco
2.3. Excise Duty on Heated Tobacco Products (Htps)
2.4. Excise Duty on Pipe Tobacco
3. Customs and Excise Act: Introduction of Export Taxes on Scrap Metals
3.1. Export Tax as a Policy Instrument
3.2. Scope of the Proposed Export Tax
3.3. Rate of the Proposed Export Tax
3.4. Exemptions from Export Tax and International Trade Agreements
3.5. Administration of Export Tax
3.6. Earmarking of Export Tax Revenue
10. Carbon Tax
10.1. Carbon Fuel Levy - Change the Formula to Divide by 1000 to Change from Kgco2e to Tonne Co2e
10.2. Carbon Fuel Levy - Change Wording in the Act to Allow for the Periodic Adjustment to Emission Factors (Efs), Net Calorific Values (Ncvs) and Density Factors (Dfs)
10.3. Carbon Tax Cost Pass Through: Pass Through Cost Recovery should be Backdated to 1 June 2019
10.4. Carbon Tax Cost Pass - Through: Allow for Inflationary Adjustment in the Carbon Tax Cost Pass-Through
10.5. Carbon Tax Cost Pass-Through: Include Other Price Regulated Fuels which are Part of Refinery Output so they are Eligible for the Pass-Through.
10.6. Carbon Tax Cost Pass-Through: Quantum of Cost Recovery is Insignificant Creating an Illusion of Support
10.7. Carbon Tax Cost Pass-Through: Clarification of the Methodology for the Determination of the Pass-Through
12. Customs and Excise: Administration
12.1. Adjustment of Bills of Entry by Substitution where Purpose Code is Altered
The Draft Response Document is accessible at:
Story by: Riaan de Lange