# 2024 tax bill

- Link: https://dearsouthafrica.co.za/2024-tax-bill/
- Published: 2024-02-27T09:52:47+02:00
- Author: dearSA

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![The National Treasury and the South African Revenue Service (SARS) has published
for public comment, the 2024 Draft Rates Bill (2024 Draft Rates Bill), the 2024 
Draft Revenue Laws Amendment Bill, the Draft Global Minimum Tax Bill and the Draft
Global Minimum Tax Administration Bill.](https://cdn.dearsouthafrica.co.za/wp-content/
uploads/2024/02/27094320/2024-Draft-Tax-Bills.jpg "2024 Draft Tax Bills")

![DEAR-SOUTH-AfFRICA](https://cdn.dearsouthafrica.co.za/wp-content/uploads/2023/
02/08135845/DEAR-SOUTH-AfFRICA.png "DEAR-SOUTH-AfFRICA")

### **0**** **comments delivered to parliament so far (closes 31 March 2024)

click the link for more info, or scroll down to have your say

[click to view info, statements, documents and videos ](https://dearsouthafrica.co.za/2024-tax-bill/summary)

[click to view comments from other participants ](https://dearsouthafrica.co.za/2024-tax-bill/comments)

### The National Treasury and the South African Revenue Service (SARS) has asked the public to comment on the 2024 Draft Rates Bill (2024 Draft Rates Bill), the 2024 Draft Revenue Laws Amendment Bill, the Draft Global Minimum Tax Bill and the Draft Global Minimum Tax Administration Bill.

## Have your say – shape the Tax Bills.

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![D-icon](https://cdn.dearsouthafrica.co.za/wp-content/uploads/2022/12/11192438/
D-icon-40x40-1.png "D-icon-40x40")

**The 2024 Draft Rates Bill** contains announcements made in Chapter 4 and Annexure
C of the 2024 Budget Review that deal with the increase of excise duties.

**The 2024 Draft Revenue Laws Amendment Bill** is aimed largely at clarifying the
existing language and to simplify the directives system for both administrators 
and SARS to allow for an efficient implementation of the ‘two-pot’ retirement reform.

**The Draft Global Minimum Tax Bill** is aimed at implementing the GloBE Model Rules
in South Africa to enable South Africa to impose a multinational top-up tax at a
rate of 15 per cent on the profits of in-scope multinational enterprise groups.

**The Draft Global Minimum Tax Administration Bill** is aimed at the administration
of the Draft Global Minimum Tax Bill. After receipt of written comments, the National
Treasury and SARS will engage with stakeholders through public workshops to discuss
the written comments on the draft bills.

The Standing Committee on Finance (SCoF) and the Select Committee on Finance (SeCoF)
in Parliament are expected to make a similar call later this year for public comment
and convene public hearings on the draft bills before their formal introduction 
in Parliament.

Thereafter, a response document on the comments received will be presented at the
parliamentary committee meetings, after which the draft bills will then be revised,
taking into account public comments and recommendations made during committee hearings,
before they are tabled formally in Parliament for consideration.

[View more info ](https://dearsouthafrica.co.za/2024-tax-bill/summary/)