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South Africa Publishes Second Batch of Draft 2021 TLAB and TALAB for COVID-19 Emergency Tax Measures

|Approved Changes|South Africa
South Africa

On 12 August 2021, South Africa's National Treasury issued a media statement announcing the publication of the second batch of the 2021 Draft Taxation Laws Amendment Bill (TLAB) and 2021 Draft Tax Administration Laws Amendment Bill (TALAB), which deal with emergency tax measures in response to the continuing COVID-19 pandemic and recent unrest in the country. Although the legislation is not finalized, the measures are generally effective from 1 August 2021.

Draft Explanatory Notes on the E…

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