2 October 2006
The Minister of Finance, Mr Trevor A Manuel, MP in the 2006 Budget made
various tax proposals. Some of these proposals were enacted by means of the
Small Business Tax Amnesty and Amendment of Taxation Law Act, 2006 (Act No 9 of
2006). Amongst other things, this Act dealt with amendments to tax rates,
adjustments to monetary thresholds, the small business tax amnesty and the
zero-rating of municipal property rates.
The remaining tax proposals as announced in the 2006 Budget will be tabled
in October by way of the draft Revenue Laws Amendment Bill, 2006. The Draft
Bill has been released for public comment on the websites of the National
Treasury (http://www.treasury.gov.za)
and the South African Revenue Service (http://www.sars.gov.za).
Written comments must be submitted by 17 October 2006 to either:
Mark Preiss
Fax: (012) 315 5516
Email: pearl.malumane@treasury.gov.za
Adele Collins
Fax: (012) 422 4035
Email: acollins@sars.gov.za
Enquiries:
Thoraya Pandy
Cell: 082 416 8416
Issued by: National Treasury
2 October 2006
