South Africa’s National Treasury has invited taxpayers, tax practitioners and members of the public to submit any technical proposals in connection with any unintended anomalies, loopholes and technical matters requiring correction in existing tax legislation. Proposals received will be considered for possible inclusion in Annexure C of the 2015 Budget Review, released as part of the 2015 Budget Review. The proposals requested in this invitation are for Annexure C only, and not for any major tax proposals.
Proposed Annexure C changes must fit within the current tax policy framework, and must take into account potential revenue implications, as Annexure C proposals are not intended to have a significant revenue impact.
All proposals should be grouped into topic areas for ease of review – income tax (individuals, employment and savings); income tax (domestic business); income tax (international); and other taxes (e.g. value added tax, and mineral and petroleum royalty).
Annexure C proposals should be submitted no later than 25 November 2014.
