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Call for comment: 2014 Rates and Monetary Amounts and Amendment of Revenue Laws

10 June 2014   (0 Comments)
Posted by: Author: National Treasury
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Author: National Treasury

National Treasury today publishes the 2014 Rates and Monetary Amounts and Amendment of Revenue Laws Bill ("Rates Bill”), First Batch of the 2014 draft Taxation Laws Amendment Bill and Regulations ("TLAB”).

The Rates Bill gives effect to the rates and monetary threshold changes announced in the 2014 Budget, and will be tabled in Parliament shortly. It is published for public information. The Rates Bill deals with numerical adjustments. It does not deal with new and substantive changes in law, which is normally dealt with in the annual TLAB. The 2014 draft TLAB will be published for public comment in July 2014.

Please click here to view media release.

Rates and Monetary Amounts and Amendment of Revenue Laws Bill, 2014 and Explanatory Memorandum

Please click here to view Bills.

First Batch of the Draft Taxation Laws Amendment Bill, 2014 for public comments

Note that the due date for comments for the First Batch of the Draft 2014 Taxation Laws Amendment Bill and relevant documents is 23 June 2014.

The SAIT will be making submissions to this matter.  Kindly submit all comments to by no later than 19 June 2014.

Please click here for documents for public comments.


Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.


The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.

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