# summary

- Link: https://dearsouthafrica.co.za/taxes2021_2/summary/
- Published: 2021-03-09T16:10:33+02:00
- Author: dearSA

[ Have your say on the Tax Bills](https://dearsouthafrica.co.za/taxes2021_2/)

### DOWNLOAD DOCUMENTS

 * [Draft Financial Sector Levies Bill 2021](https://cdn.dearsouthafrica.co.za/wp-content/uploads/2021/03/20190736/2021_Draft_Financial_Sector_Levies_Bill_2021_-_24_February_2021.pdf)
 * [2021 Draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill](https://cdn.dearsouthafrica.co.za/wp-content/uploads/2021/03/20190735/2021_Draft_Rates_and_Monetary_Amounts_and_Amendment_of_Revenue_Laws_Bill_-_24_February_2021.pdf)
 * [Draft Notice on UIF remuneration limit](https://cdn.dearsouthafrica.co.za/wp-content/uploads/2021/03/20190735/210224DraftNoticeonUIFremunerationlimit.pdf)
 * [Treasury’s Media statement](https://cdn.dearsouthafrica.co.za/wp-content/uploads/2021/03/20190734/210224Media_statement_-_Publication_of_the_2021_Draft_Tax_Bills_and_other_Regulations.pdf)
 * [Notice on amounts for purposes of definition of retirement annuity funds](https://cdn.dearsouthafrica.co.za/wp-content/uploads/2021/03/20190733/Draft210224_Noticeonamountsforpurposesofdefinitionofretirementannuityfunds.pdf)

The National Treasury and the South African Revenue Service (SARS) today publish,
for public comment, the 2021 Draft Rates and Monetary Amounts and Amendment of Revenue
Laws Bill (2021 Draft Rates Bill), the 2021 Draft Financial Sector Levies Bill, 
the draft Regulations on amounts for purposes of definition of retirement annuity
funds, draft Regulations on Unemployment Insurance Fund.

**The 2021 Draft Rates Bill**, the Draft Regulations on amounts for purposes of 
definition of retirement annuity funds, the Draft Regulations on Unemployment Insurance
Fund remuneration limit contains announcements made in Chapter 4 and Annexure C 
of the 2021 Budget Review that deal with changes to rates and monetary thresholds
and increases of excise duties.

**The 2021 Draft Financial Sector Levies Bill** is aimed at imposing levies on the
financial sector to fund the Prudential Authority and Financial Sector Conduct Authority
for the costs of regulating financial institutions as a result of the implementation
of the Twin Peaks regulatory system. Other Twin Peaks institutions referred are 
also funded in terms of the Financial Sector Regulation Act.

The Regulations on amounts for purposes of definition of **retirement annuity** 
funds and the Regulations on Unemployment Insurance Fund remuneration limit will
be published in the Government Gazette after taking into account public comments
to be received.

### IN THE MEDIA

 * Moneyweb – [Government targets tax incentives because of ‘persistent trade-off’](https://www.moneyweb.co.za/in-depth/budget/government-targets-tax-incentives-because-of-persistent-trade-off/)
 * Moneyweb – [More tax incentives to be buried at sunset dates](https://www.moneyweb.co.za/mymoney/moneyweb-tax/more-tax-incentives-to-be-buried-at-sunset-dates/)
 * Moneyweb – [Sec 12J: ‘Treasury’s decision will accelerate capital flight and harm SMMEs’](https://www.moneyweb.co.za/mymoney/moneyweb-tax/sec-12j-treasurys-decision-will-accelerate-capital-flight-and-harm-smmes/)

 [ ](https://tuffiassandberg.co.za/wp-content/uploads/Tuffias-electronic-tax-book-2021-22.pdf)