Overview Of The Bills Currently Under Consideration And Key Tax Changes 2024
The National Treasury has proposed several bills aimed at enhancing revenue generation and improving financial governance. This newsletter provides an overview of the bills currently under consideration and highlights key tax changes that could impact individuals and businesses alike. Bills Under Consideration Public Finance Management (Amendment) (No. 3) Bill, 2024 This bill aims to amend the Public Finance Management Act to enhance accountability and transparency in public financial management. Public Finance Management (Amendment) (No. 4) Bill, 2024 Seeks to clarify national government borrowing provisions and introduce frameworks for accrual accounting and risk management. Public Procurement and Disposal (Amendment) Bill, 2024 Intended to streamline procurement processes and increase transparency within public procurement. Business Laws (Amendment) Bill, 2024 Proposes amendment...