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Have a tax tip?

───   08:00 Sun, 04 Nov 2018

Have a tax tip? | News Article

Tax payers have until 23 November 2018 to submit tax proposals for 2019 Budget Review.


According to National Treasury, the technical tax proposals requested must be limited to unintended anomalies, revenue leakages, loopholes and technical matters applicable to the current tax legislation that require correction.

Each technical tax proposal must be explained in detail covering the legal nature of the problem; a detailed factual description of the affected transaction; and the nature of the business(es) impacted.

In order to clarify issues raised in the submitted technical proposals and to further assist in the prioritisation of the issues raised, workshops will be held with stakeholders on 6 and 7 December 2018 where further information is required.

The dates for the workshops will be confirmed by way of an electronic invitation to taxpayers, tax practitioners and members of the public.

Following the above process, National Treasury and SARS will submit recommendations to the Minister of Finance for possible inclusion in Annexure C of the 2019 Budget.

Written submissions should be sent to:

National Treasury: 2019AnnexCProp@treasury.gov.za.

SARS: acollins@sars.gov.za.

Any tax proposal of a policy nature or related to a policy matter should be addressed separately from the technical tax proposals requested under this invitation, to Mr Ismail Momoniat (Deputy Director General: Tax and Financial Sector Policy) at: Ismail.Momoniat@treasury.gov.za.

– SAnews.gov.za

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