Submissions on the draft Taxation Laws Amendment Bill via Polity

Submissions on the draft Taxation Laws Amendment Bill

Joon Chong, Partner in the Webber Wentzel Tax Team, made oral submissions on the draft Taxation Laws Amendment Bill, 2017 on 29 August 2017 at the public hearings to Parliament’s Standing Committee of Finance. Submissions were made on the proposed new section 25BC which had the unintended impact tha…

http://www.polity.org.za/article/submissions-on-the-draft-taxation-laws-amendment-bill-2017-09-15

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Expansion of banks’ power to hold funds on suspicion of a tax offence – Polity

Expansion of banks’ power to hold funds on suspicion of a tax offence

The 2017 draft Taxation Laws Amendment Bill and draft Tax Administration Laws Amendment Bill were released for comment on 19 July 2017. Section 190(5A) of the Tax Administration Act, 2011 requires a bank to immediately report to SARS if it has a reasonable suspicion that the payment of an amount is …

http://www.polity.org.za/article/expansion-of-banks-power-to-hold-funds-on-suspicion-of-a-tax-offence-2017-08-15