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Finance Standing Committee
2021 Revised Fiscal Framework: Committee Report
23 Nov 2021
The Standing Committee on Finance and Select Committee on Finance considered the Committee Report on the 2021 Revised Fiscal Framework.
Members of the Democratic Alliance (DA) agreed that there was a problem with power generation. Power outages continually interrupted the economy and therefore interrupted economic growth. ...
Finance Standing Committee
Treasury 2020/21 Annual Report; with Deputy Minister
17 Nov 2021
In this virtual meeting, the National Treasury briefed the joint finance committees on its 2020/21 annual report.
Treasury reported that it had received an unqualified audit opinion, with emphasis of matter paragraphs. Weak areas identified in the audit were expenditure management and financial reporting, where there ...
Finance Standing Committee
2021 Revised Fiscal Framework & MTBPS: public hearings
17 Nov 2021
Video
2021 Medium Term Budget Policy Statement (MTBPS)
The Standing and Select Committees on Finance held public hearings on the Revised Fiscal Framework. Amandla.mobi, the SMME Industry Council (SMMEIC), Healthy Living Alliance (HEALA), South African Breweries (SAB), then Organisation Undoing Tax Abuse (OUTA), South African Institute of Chartered Accountants (SAICA) ...
Finance Standing Committee
2021 MTBPS: PBO & FFC briefing
16 Nov 2021
Video
2021 Medium Term Budget Policy Statement (MTBPS)
The Financial and Fiscal Commission (FFC) briefed the Joint Committees on Finance and Appropriations from both Houses on the 2021 Medium Term Budget Policy Statement (MTBPS).
The FFC welcomed the 2021 MTBPS tabled by the Minister of Finance, especially given the context ...
Finance Standing Committee
2021 MTBPS: National Treasury briefing, with Deputy Minister
16 Nov 2021
Video
2021 Medium Term Budget Policy Statement (MTBPS)
In a joint meeting with the Standing Committee on Appropriations and the Select Committees on Finance and Appropriations, the Committee received a briefing from the National Treasury about the 2021 medium-term budget policy statement, which the Minister had tabled the previous week. ...
Finance Standing Committee
2021 Draft Tax Bills & Rates Bill: National Treasury & SARS response to submissions
10 Nov 2021
2021 Draft Taxation Laws Amendment Bill (TLAB)
2021 Draft Tax Administration Laws Amendment Bill (TALAB)
2021 Draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill (Rates Bill).
In this virtual meeting, National Treasury and the South African Revenue Service (SARS) briefed the Standing Committee on ...
Finance Standing Committee
National Treasury & SARS 2020/21 Annual Report & Audit Outcomes; with Deputy Minister
9 Nov 2021
The Auditor-General of South Africa briefed the Standing Committee on Finance on the audit outcomes of National Treasury and its entities. The presentation covered 16 audits, 15 of which had been completed; one audit was still outstanding at the date of presentation. The financial portfolio had ...
Finance Standing Committee
Remuneration of FFC members
8 Sep 2021
The Standing Committee on Finance was briefed on the draft notice determining the rate at which salaries, allowances and benefits were payable to members of the Financial and Fiscal Commission (FFC). There was a recommendation made to the President by the Commission for the Remuneration of Public Office Bearers. ...
Finance Standing Committee
Germany, Eswatini & Switzerland Double Taxation Agreement
1 Sep 2021
In a virtual meeting, the Standing Committee on Finance met with National Treasury and the South African Revenue Services to be briefed on the amendment of South Africa’s tax treaties with Germany, Eswatini and Switzerland, and the formal ratification of the Kuwait Double Taxation Agreement.
The Committee was ...
Finance Standing Committee
2021 Draft Tax Bills & Rates Bill: public hearings
31 Aug 2021
2021 Draft Taxation Laws Amendment Bill (TLAB)
2021 Draft Tax Administration Laws Amendment Bill (TALAB)
2021 Draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill (Rates Bill).
The Standing Committee on Finance met on a virtual platform to conduct public hearings on the Taxation Laws Amendment, ...