ARTICLE · 03 AUGUST 2023

2023 Draft Tax Bills Released For Public Comment

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National Treasury released the following 2023 Draft Tax Bills and accompanying Explanatory Memoranda for public comment on Sunday, 30 July 2023.

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Megan Stuart-Steer

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National Treasury released the following 2023 Draft Tax Bills and accompanying Explanatory Memoranda for public comment on Sunday, 30 July 2023.

2023 draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill;
2023 draft Taxation Laws Amendment Bill ("TLAB");
2023 draft Tax Administration Laws Amendment Bill;
Draft Regulations in terms of paragraphs (d) and (e) of the definition of "Research and Development" in section 11D(1) of the Income Tax Act,1962;
Draft amendments to the Regulations on domestic reverse charge relating to valuable metal in terms of section 74(2) of the Value-Added Tax Act,1991; and
Draft Carbon Offset Regulations.

This follows the release of an initial batch of the 2023 TLAB on 21 April 2023, covering the two renewable energy tax incentives announced in the 2023 Budget.

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