South African Government

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Rates and Monetary Amounts and Amendment of Revenue Laws Act 22 of 2020 (English / Afrikaans)

22 of 2020

The Rates and Monetary Amounts and Amendment of Revenue Laws Act  22 of 2020 intends:

  • to fix the rates of normal tax;
  • to amend the Transfer Duty Act, 1949, so as to amend transfer duty monetary thresholds;
  • to amend the Income Tax Act, 1962, so as to amend rates of tax and monetary amounts;
  • to amend the Customs and Excise Act, 1964, so as
    • to amend rates of duty in Schedule 1 to that Act;
    • to insert new tariff items;
    • to delete tariff items;
    • to delete rebate items;
    • to insert rebate items;
  • to amend the Carbon Tax Act, 2019, so as to amend the rate of tax; and
  • to provide for matters connected therewith.

Commencement

20 January 2021