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Finance Standing Committee
TLAB, TALAB, Rates Bill & Income Tax Amendment Bill: Treasury & SARS response to public submissions
18 Sep 2019
The meeting of the Standing Committee on Finance was primarily intended to hear the National Treasury’s responses to submissions made at public hearings the previous week on proposed amendments to the tax laws.
However, it started with brief submissions by Mercedes Benz South Africa and the National Association of Automobile ...
Finance Standing Committee
Nugent Commission recommendations: progress report by SARS
17 Sep 2019
Nugent Commission of Inquiry into SARS: interim findings and recommendations
The Committee was told that it would take two years to undo the damage done by the “massive failure of governance” as described by the Nugent Commission, under the former SARS Commissioner.
Treasury Deputy Director General Ismail Momoniat said both ...
Finance Standing Committee
TLAB, TALAB, Rates Bill & Income Tax Amendment Bill: public hearings
10 Sep 2019
Some of the proposed amendments to South Africa’s tax laws were vague and too broad in their application. This was the view expressed in submissions presented at a joint hearing of the Finance Committees of the National Assembly and the National Council of Provinces to discuss the proposed changes.
Among ...
Finance Standing Committee
National Treasury & SARS on TLAB, TALAB, Rates Bill & Income Tax Amendment Bill
3 Sep 2019
The Standing Committee on Finance met jointly with the Select Committee on Finance for a briefing by National Treasury and the South African Revenue Service (SARS) on the 2019 Draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill (Rates Bill); the 2019 Draft Income Tax Amendment Bill; the ...
Finance Standing Committee
Induction Workshop: Financial Advisory and Intermediary Services, IRBA, DBSA, Pension Funds Adjudicator & Land Bank
21 Aug 2019
As part of its induction workshop, the Committee received presentations from the Financial Advisory and Intermediary Services, Independent Regulatory Board for Auditors, Office of the Pension Funds Adjudicator, Development Bank of Southern Africa and the Land Bank.
All the entites presented on their roles, challenges faced and the compliance and ...
Finance Standing Committee
Induction & Stakeholder Engagement on their role, mandate & key strategic objectives, with Deputy Minister
20 Aug 2019
The Committee considered presentations from the eight entities represented at the induction meeting, starting with the National Treasury (NT), Financial Intelligence Centre (FIC), Government Technical Advisory Centre (GTAC) and the Cooperative Bank Development Agency (CBDA).
The Members sought clarity about the number of entities overseen by the NT -- how ...
Multi-Party Women’s Caucus
Multi-Party Women’s Caucus programme & priorities
25 Jul 2019
The Committee Content Advisor and Committee Senior Researcher gave a briefing on the work of the previous MPWC and suggested some priorities for the new Sixth Parliament Multi-Party Women’s Caucus. The projects suggested included:
Decriminalisation of sex work
Women in Politics
Sanitary Dignity
Gender-based violence and femicide.
National Gender Machinery ...
Finance Standing Committee
National Treasury & SARS 2019/20 Annual Performance Plans
4 Jul 2019
The National Treasury Director General noted in his Annual Performance Plan briefing that legislation to be brought to Parliament included the Public Procurement Bill; the Municipal and Fiscal Powers and Functions Amendment Bill; and the Conduct of Financial Institutions Bill.
Committee members engaged National Treasury officials on what was being ...
Finance Standing Committee
Election of Committee Chairperson
2 Jul 2019
Mr Maswanganyi was elected as chairperson without opposition.
The Committee also agreed unanimously on a draft work programme, with the understanding that it could be changed later on.