The National Treasury and the South African Revenue Service (SARS) published the 2025 draft Revenue Laws Amendment Bill (RLAB) for public comment on 13 December 2024.
This announcement was also made on the same day.
This draft tax bill contains tax proposals that will give optionality for the funds to select whichever approach was communicated to their members and outlined in funds rules. It bill will be tabled by the Minister in Parliament during the 2025 Budget Review after taking into account public comments and recommendations.
On 13 November 2024 the National Treasury published three discussion papers that included proposals relating to the carbon tax, the taxation of collective investment schemes and the taxation of alcoholic beverages.
The closing date for comments on the carbon tax and collective investment schemes discussion papers was 13 December. The National Treasury will invite those who commented to a consultation workshop on the carbon tax discussion paper on 16 January 2025 and on the collective investment schemes paper on 17 January 2025.
The accompanying draft Explanatory Memoranda containing a comprehensive description of the proposed tax amendments contained in the 2025 draft RLAB can be found on the National Treasury (www.treasury.gov.za) and SARS (www.sars.gov.za) websites.
