Have Your Say: The Standing Committee on Finance invites stakeholders and interested parties to submit written submissions on the Rates and Monetary Amounts and Amendment of Revenue Laws Bill [B34 – 2026] (Rates Bill), the Taxation Laws Amendment Bill [B32 – 2026] (TLAB), and the Tax Administration Laws Amendment Bill [B33 – 2026] (TALAB)
The Rates Bill aims to:
Fix the rates of normal tax; to amend the Income Tax Act, 1962, so as to amend certain provisions; to amend the Customs and Excise Act, 1964, so as to amend rates of duty in Schedule 1 to that Act; to amend the Value-Added Tax Act, 1991, so as to amend rates of tax and to amend Schedule 2 to that Act; to amend the Diamond Export Levy Act, 2007, so as to amend certain provisions; to amend the Carbon Tax Act, 2019, so as to amend an amount; and to provide for matters connected therewith.
Key proposals contained in the TLAB include, amongst others, the following:
Determining the application of the de minimis limit for multiple living annuities; Special economic zones: introduction of domestic transfer pricing rules; Leasehold improvements; Refunds for carbon budget compliance.
Key tax proposals contained in the TALAB include, amongst others, the following:
Providing an enabling provision relating to Admission Temporaire/Temporary Admission carnets (ATA Carnets); Expanding documentary requirements for second-hand goods; Permitting pre- or post-deposit screening of refunds by banks; Interest relief on defaults disclosed during voluntary disclosure application.
Public hearings will be held on Tuesday, 24 November 2026
Submissions must be received by no later than 12:00 on Monday, 23 November 2026.
Those who want to make submissions at the public hearings should specifically request this. The hearings will be conducted through Zoom
Submissions must be directed to the Committee Secretaries, Mr Allen Wicomb and Ms Lwazikazi Ntinzi at awicomb@parliament.gov.za / lntinzi@parliament.gov.za
Issued by Hon. Dr. MJ Maswanganyi, MP, Chairperson: Standing Committee on Finance (National Assembly)
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