The South African National Treasury released a media statement on 21 January 2020 announcing that the President has signed into law the three 2019 tax bills implementing the tax proposals unveiled by the Minister of Finance in the annual National Budget Speech delivered on 20 February 2019. These include:
- The Rates and Monetary Amounts and Amendment of Revenue Laws Act, 2019, (Act No. 32 of 2019), which gives effect to changes in rates and monetary thresholds and increases of the excise du…