09Jul

The following is th News flash 2023/30 published by the PAGSA on August 20, 2023
regarding the Comments invited: Draft Tax Amendment Bills.

COMMENTS INVITED: DRAFT TAX AMENDMENT BILLS

The following draft Tax Amendment Bills were issued on 31 July 2023 (a bit later than usual this year):
1. Draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill (2023 draft Rates Bill)
2. Draft Taxation Laws Amendment Bill (2023 draft TLAB)
3. Draft Tax Administration Laws Amendment Bill (2023 draft TALAB).

In addition to these Bills, changes to various regulations were also issued but these are not of importance for payroll suppliers and payroll offices.

Your comments on the draft Tax Amendments Bills are invited.

The PAGSA will be submitting comments on these Tax Amendment Bills by 31 August 2023, and would appreciate your input by no later than 25 August 2023 to give us time to prepare our submission.

The draft legislation is available on both the SARS and the National Treasury websites.

Apologies for this late request.