Tag ArchivesTreasury

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Draft tax amendment bills published for public comment

National Treasury and SARS published the 2017 Draft Taxation Laws Amendment Bill (TLAB) and the 2017 Draft Tax Administration Laws Amendment Bill (TALAB) earlier this week. The 2017 Draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill (Rates Bill) was published on Budget Day. This suite of draft bills should give effect to […]

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Government uses disaster funds for SAA bailout

“Government has decided to transfer funds from the National Revenue Fund (NRF) to South African Airways to allow the airline to pay back its debt to Standard Chartered Bank thereby avoiding a default,” last Saturday’s statement from the National Treasury said. (more…)

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Treasury

Treasury identifies ‘green shoots’ in economy

South Africa’s Gross Domestic Product (GDP) contracted 0.7 per cent in the first quarter of 2017. (more…)

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IMF, Treasury, economy, GDP, unemployment, International Monetary Fund

Fitch affirms SA’s long term foreign and local currency debt ratings

Fitch has affirmed South Africa’s long term foreign and local currency debt ratings of ‘BB+’ with a stable outlook. (more…)

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IMF, Treasury, economy, GDP, unemployment, International Monetary Fund

Mogajane appointed as acting Treasury DG

Dondo Mogajane, the Deputy Director-General responsible for the Public Finance division, has been appointed as the acting Director-General for the National Treasury. The announcement was made late Monday in a statement. (more…)

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Fitch downgrades South Africa

A second major ratings agency has cut the South African government’s sovereign credit rating to junk status.  This follows the axing of finance minister Pravin Gordhan.  (more…)

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Publication of Regulatory Amendments for Tax Free Savings Accounts

The National Treasury said in a statement that it will shortly publish final amendments to tax free savings accounts regulations for the year beginning 1 March 2017. (more…)

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Sharon Machutchon Tax Consultant at Mazars1

How Treasury plans to take the money you earned overseas

The latest plans to tax overseas income could negatively affect the careers of many South Africans, according to Sharon Machutchon, Tax Consultant at Mazars. (more…)

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