National Treasury has published the Draft Taxation Laws Amendment Bill, 2020 (TLAB), the Draft Tax Administration Laws Amendment Bill, 2020 (TALAB) as well as the Draft Regulations Prescribing Electronic Services.

The draft 2020 Taxation Laws include the proposed introduction of an export tax on scrap metals (i.e. ferrous metals, aluminium, red metals and other waste and scrap metals) at the rates as was announced in the 2020 Budget to replace the current price preference system.

Please view the relevant documents by clicking on the links below:

• Official National Treasury media statement
• Proposed Taxation Law and export rates for scrap metal

Please forward written comments to the National Treasury’s tax policy depository at 2020AnnexCProp@treasury.gov.za and SARS at acollins@sars.gov.za by close of business on 31 August 2020.

AFSA will be submitting comments as mandated by the Members previously, however should members wish to make further inputs in this regard, submissions should be submitted to afsa@afsa.org.za by close of business on the 21 August 2020 to afford us time to incorporate such inputs into the submission.