South Africa’s National Treasury extended an invitation until 25 November 2024 to submit technical tax proposals, which may be considered for inclusion in Annexure C of the 2025 Budget Review.
The Minister of Finance announces new tax proposals in the Budget in February every year. The Budget Review, published with the Budget Speech, provides additional information on the tax proposals made in the Budget as well as proposed changes to tax legislation.
The National Treasury invites taxpayers, tax practitioners and members of the public to submit technical tax proposals to be considered for possible inclusion in Annexure C of the 2025 Budget Review. The technical tax proposals requested in this invitation must be limited to unintended anomalies, revenue leakages, loopholes and technical matters applicable to the current tax legislation that require correction. More substantive tax policy proposals and rate changes are dealt with through a different process, and hence this request does not apply to major tax policy proposals.
Format
To ensure proper assessment, technical tax proposals should be submitted under the following headings:
- Income tax – individuals, employment and savings;
- Income tax – domestic business;
- Income tax – international;
- Other taxes – for example, value added tax;
- Carbon tax; and
- Tax administration.
Each technical tax proposal must be explained in detail with the explanation covering the following areas:
- The legal nature of the problem;
- A detailed factual description and
- The nature of the business/persons impacted.
Deadline and Workshops – Technical Annexure C Tax Proposals
The requested technical proposals should be submitted by Monday, 25 November 2024.
To clarify issues raised in the submitted technical proposals, to further assist in the prioritisation of the issues raised and to obtain further information, virtual workshops will be held with stakeholders on 3 and 4 December 2024.
The dates for the workshops will be confirmed by way of an electronic invitation to taxpayers, tax practitioners and members of the public, who submitted proposals. Please ensure that correct e-mail addresses and contact information are included in the written submissions.
Following the above process, National Treasury and SARS will submit recommendations to the Minister of Finance for possible inclusion in Annexure C of the 2025 Budget Review. It should be noted that engagement or request for more information on any proposal before the 2025 Budget is no indicator that the proposal will be included in the 2025 Budget Review.
The final decision to include any proposal is the sole prerogative of the Minister of Finance and no further correspondence will be entered into regarding the Minister’s decision on the proposals received.
