The National Treasury and the South African Revenue Service (SARS) have published a range of draft tax bills for public comment.
These include the 2022 draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill , the 2022 draft Revenue Laws Amendment Bill, the 2022 draft Taxation Laws Amendment Bill and the 2022 draft Tax Administration Laws Amendment Bill .
It has been revised to include changes tabled by the minister in Parliament on 31 March 2022 and 31 May 2022 regarding temporary relief on the fuel levy as well as the postponement of the effective date of an inflationary increase in the health promotion levy of 4.5% to 2.31 cents per gram of sugary beverages with more than 4 grams of sugar per 100 ml from 1 April 2022 to 1 April 2023.contains proposed amendments dealing with the “two pot” retirement system.
This will be accompanied by the requirement that the remaining two-thirds are preserved over the long term, which will improve retirement outcomes for the majority of fund members relative to the status quo.1/3 accessible savings potThese amendments also follow a discussion document published by National Treasury for public comment on 15 December 2021, titled “Encouraging South African households to save more for retirement”.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Africa: Macron Says France Will Stand By Africa On Security IssuesFrench President Emmanuel Macron has wrapped up a meeting with Paul Biya, his counterpart in Cameroon, the first port of call on his three nation tour. He reiterated that France would continue to support Africa's security needs.
Read more »
Boity, Nadia Nakai and more to take the stage at Miss South Africa finale | ChannelMiss South Africa is sticking to its 'Go Big or Go Home' motto for this year's finale.
Read more »
Bairstow leads England to victory over South Africa in 1st T20Moeen Ali compiled England's quickest T20 fifty, off just 16 balls, in the hosts' 234-6 - their second highest total at this level behind the 241-3 they posted against New Zealand at Napier in 2019.
Read more »
As South Africa suffers with load shedding, Orania turns to solar power | The CitizenThe whites-only town of Orania is on its way to becoming totally independent from Eskom.
Read more »
South Africa: Can Asteroids and Geoengineering the Stratosphere Save the Planet?Shooting aerosols into the stratosphere to reduce solar radiation and to cool the earth's surface; mining a mineral-rich asteroid belt in space to sustain our technologies; living on the moon ... This is what the future could look like amid the effects of climate change and depleting resources. However, there are possible risks that can come from manipulating the stratosphere to deflect radiation, and tree-planting without planning.
Read more »
South Africa: Eastern Cape Government Ordered to Reveal Secret Details of Permits to Kill LeopardsAnalysis - In what is seen as a dual victory for transparency and wildlife conservation, the Eastern Cape High Court on Tuesday ordered the provincial MEC for Environmental Affairs to disclose previously sealed records of all permits issued to trap, kill, hunt or translocate endangered leopards in the Eastern Cape since 2017.
Read more »