Tax Alert Issue No. 11 of 2024

Tax Laws Amendment & Tax Procedures (Amendments) (No2) (Bills)

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Contents

The National Treasury recently published the Tax Laws (Amendment) Bill, 2024 and the Tax Procedures (Amendment) (No.2) (Bill), 2024 which underwent the First Reading on 13th November 2024. The bills propose to make amendments to the Income Tax Act, the Value Added Tax Act, 2013, the Tax Procedures Act, 2015, the Miscellaneous Fees and Levies Act, 2016 and the Excise Duty Act 2015.

We note the provisions of the bill will come into effect either on the date of assent by the President or on the date of operation specified in the bill, whichever is later.

The National Assembly has consequently opened the floor for public participation on 22nd and 23rd November 2024 where members of the public can provide their comments to the bills.

In our alert we discuss the amendments to the bill vis a vis provisions in the withdrawn Finance Bill, 2024 and look forward to your comments for submission to Parliament.

Please find our detailed summary and comments by clicking on the button below.

Should you have any questions or need further clarification, please do not hesitate to contact us.

Tax Alert Issue No. 11 of 2024

Tax Alert Issue No. 11 of 2024

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