TAX AMENDMENTS 2019
The Rates and Monetary Amounts and Amendment of Revenue Laws
Bill, 2019, the Tax Administration Laws Amendment Bill, 2019 and
the Taxation Laws Amendment Bill, 2019 (of which mainly the
lastmentioned is discussed herein) were all tabled in Parliament by
the Minister of Finance on 23 October 2019, when he presented
his medium term Budget policy statement. The Bills have been passed
by the National Assembly.
As has been the trend in recent years, the number of significant
amendments in each year has been reduced, and, as before, the vast
majority in number of the amendments are of a highly technical or
esoteric nature, many of which are more of interest to tax
professionals than to business people in general. Accordingly we
limit our discussion to those amendments which are likely to be of
interest in the general business environment.
