Committee Notice Details

Committee Notice Details

Have Your Say: The Standing Committee on Finance Invites Stakeholders and Interested Parties to Submit Written Submissions on the Taxation Laws Amendment Bill (TLAB) [B30 – 2025] and the Tax Administration Laws Amendment Bill (TALAB) [B29 – 2025]

The Standing Committee on Finance invites stakeholders and interested parties to submit written submissions on the Taxation Laws Amendment Bill (TLAB) [B30 – 2025] and the Tax Administration Laws Amendment Bill (TALAB) [B29 – 2025]

Key proposals contained in the TLAB include, amongst others, the following: 

  • Reducing the threshold for ring-fencing of assessed losses
  •  Tax treatment of foreign retirement benefits
  •  Reviewing asset-for-share and amalgamation transactions involving collective investment schemes to close loopholes
  •  Reviewing the VAT treatment of airtime vouchers supplied in South Africa for exclusive use in an export country
  •  Low value importation of goods
  •  Phase 2 of the carbon tax.

Key tax proposals contained in the TALAB include, amongst others, the following: 

  • Clarifying the meaning of audit certificate to be issued by public benefit organisations
  •  Providing for a simplified customs entry regime for the entry of goods imported or exported for purposes of express delivery on a door-to-door basis
  •  Dutiability of waste derived from processing imported goods in manufacturing plants
  •  Providing for a customs and excise voluntary disclosure programme
  •  Enabling the VAT Modernisation Project
  •  Inspecting the business premises of a taxpayer applying for registration or approval
  •  Clarifying “bona fide inadvertent error” for purposes of understatement penalties.

Public hearings will be held on Friday, 28 November 2025

Submissions must be received by no later than 12:00 on Thursday, 27 November 2025.

Those who want to make an oral presentation at the public hearings should specifically request this. The hearings will be conducted through Zoom

Submissions must be directed to the Committee Secretaries, Mr A Wicomb, awicomb@parliament.gov.za and Ms T Sepanya, tsepanya@parliament.gov.za

Issued by Hon. Dr. MJ Maswanganyi, MP, Chairperson: Standing Committee on Finance (National Assembly)