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Draft Taxation Laws Amendment Bill 2012

Thursday, 15 March 2012   (0 Comments)
Posted by: SAIT Technical
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National Treasury released for public comment the Rates and Monetary Amounts and Amendment of Revenue Laws Bill, 2012 (the Bill).

Together with the rest of the taxation laws amendment bills for 2012, this legislation will give effect to the tax proposals announced by the Ministerof Finance in the Budget Review 2012 (see Chapter 4 and Annexure C) tabled in Parliament on the 22nd of February 2012.

Click to access the relevant document:

Media Statement

Draft Taxation Laws Amendment Bill, 2012

Explanatory Memorandum to the Draft Taxation Laws Amendment Bill, 2012

Explanatory Memorandum on Technical Corrections 8E and 8EA



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.

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