Tax Administration Laws Amendment Act 22 of 2018 (English / Afrikaans)

22 of 2018

The Tax Administration Laws Amendment Act 22 of 2018 intends to:

  • amend the Income Tax Act, 1962, so as:
    • to remove a requirement to submit a return;
    • to clarify a provision;
    • to update certain references and to amend the Fourth Schedule to amend a definition;
  • amend the Customs and Excise Act, 1964, so as:
    • to insert a provision enabling the Commissioner to implement anti-forestalling measures in respect of anticipated increases in excise duties;
    • to insert a provision providing for the writing off or compromise of any duty, interest, penalty or forfeiture incurred, and owed to the Commissioner for the benefit of the National Revenue Fund;
  • amend the Value-Added Tax Act, 1991, so as:
    • to amend a provision relating to tax invoices;
    • to amend a provision relating to the sale of an enterprise as a going concern; to update certain references;
    • to remove a requirement to submit a return;
    • to update certain references;
    • to clarify a provision relating to refunds;
    • to simplify set-off and recovery provisions;
  • amend the Securities Transfer Tax Act, 2007, so as to broaden the scope of a provision;
  • amend the Tax Administration Act, 2011, so as to ensure that taxpayers are informed at the commencement of an audit; to effect a consequential amendment; to effect a technical correction; to clarify a provision relating to refunds; to allow for the deregistration of non-compliant tax practitioners;
  • amend the Customs Control Act, 2014, so as:
    • to effect changes to certain definitions;
    • to amend a provision to ensure that reporting requirements in respect of the departure of trucks due to leave the Republic are adhered to irrespective of whether a truck has cargo on board; to insert a provision providing for the writing off or compromise of debt owed to the Commissioner for credit of the National Revenue Fund;
  • and to provide for matters connected therewith.

Commencement

17 January 2019