Any intended amendments to primary legislation are announced by the Minister of Finance in his annual Budget Review. They are tabled by the Minister of Finance in the National Assembly as Amendment Bills and, after approval by the Standing Committee on Finance (National Assembly) and the Select Committee on Finance (National Council of Provinces), they are sent to the President for assent before they are promulgated as Acts of Parliament.
The following Amendment Act was promulgated on 17 November 2015: Rates and Monetary Amounts and Amendment of Revenue Laws Act, 2015 (Act No. 13 of 2015)
Please click here to view the amended Act (18 November 2015).
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.