By SARS Legal & Policy
A recently published memorandum outlines the purpose and objects of the Tax Administration Laws Amendment Bill, 2012.
It states that theBill provides for the enactment into law of an international agreement contemplated in terms of the Constitution of the Republic of South Africa, 1996, into law, insertion of a provision providing for the application of the Tax Administration Act, 2011 (Act No. 28 of 2011), to certain matters relating to customs and excise, amends administrative provisions of the Estate Duty Act, 1955 (Act No. 45 of 1955), the Income Tax Act, 1962 (Act No. 58 of 1962), the Customs and Excise Act, 1964 (Act No. 91 of 1964), the Value-Added Tax Act, 1991 (Act No. 89 of 1991), the Unemployment Insurance Contributions Act, 2002 (Act No. 4 of 2002), the Mineral and Petroleum Resources Royalty (Administration) Act, 2008 (Act No. 29 of 2008), the Taxation Laws Second Amendment Act, 2009 (Act No. 18 of 2009), the Taxation Laws Second Amendment Act, 2011 (Act No. 25 of 2011), and the Tax Administration Act, 2011 (Act No. 28 of 2011).
It goes further to explain the objects of the TLAB, 2012.
Please click here to download the full memorandum.