The National Assembly has passed a host of bills this week, including two that will directly impact businesses and their reporting structures . The South African Post Office SOC Ltd Amendment Bill and The Competition on Companies Second Amendment Bill.
The three money bills – the Rates and Monetary Amounts and Amendment of Revenue Laws Bill, the Taxation Laws Amendment Bill, and the Tax Administration Laws Amendment Bill – are all related to the budget and form a typical annual process by National Treasury. One of the proposals in the Rates Bill is to adjust tax tables and rebates to account for an estimated inflation rate of 4.9%. The Bill also proposes to adjust medical tax credits to account for the estimated inflation of 4.9%. Medical tax credits are deductions that taxpayers can claim to offset the cost of medical scheme contributions
National Assembly Bills Businesses Reporting Structures South African Post Office SOC Ltd Amendment Bill Competition On Companies Second Amendment Bill Money Bills Budget Tax Tables Rebates Inflation Medical Tax Credits Deductions Taxpayers Medical Scheme Contributions
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MPs vote to move Phala Phala debate to next weekThe Special National Assembly Programme Committee met virtually to prepare for the national assembly sitting. Good luck to them. I hope they will deal with the consequences. Betrayal breed violence and riots. CR payroll in action it's pathetic. Hectic
Source: eNCA - 🏆 49. / 51 Read more »
MPs vote to move Phala Phala debate to next weekThe Special National Assembly Programme Committee met virtually to prepare for the national assembly sitting. The MYANC will not vote with thier conscience but thier stomachs eNCA ANC = Totting fish Nothing in the news is there from coincidence... read between the lines... BE VIGILANT!
Source: eNCA - 🏆 49. / 51 Read more »
Angola: National Assembly Expresses Solidarity With Brazilian Senate, National CongressAngolan Members of Parliament expressed solidarity with their Brazilian counterparts after the supporters of far-right former President Jair Bolsonaro stormed the country's Congress, presidential palace and Supreme Court on Sunday.
Source: allafrica - 🏆 1. / 99 Read more »
#FiveThingsYouNeedToKnow: National Assembly passed the National Health Insurance Bill | East Coast RadioThe National Assembly has approved the National Health Insurance Bill 🏥 Here are five things you need to know as you wake up BreakfastWithDarrenMauleOnECR FiveThings
Source: ecr9495 - 🏆 38. / 51 Read more »
OPINIONISTA: In South Africa’s National Assembly, a new broom does not guarantee a clean houseNew leadership at the National Assembly doesn’t change lackadaisicalness.
Source: dailymaverick - 🏆 3. / 84 Read more »
South Africa: National Assembly Passes Bill to Criminalise Hate Speech and Hate CrimesThe National Assembly has finally passed the bill introduced five years ago that would criminalise hate speech and hate crimes.
Source: allafrica - 🏆 1. / 99 Read more »