Hon Deputy Speaker, I move without notice:
That the House -
1) notes that South Africa joined twelve other countries in signing the Convention on Mutual Administration Assistance in Tax Matters at the recent G20 Summit;
2) further notes that the Convention seeks to promote international co- operation between revenue administration in the assessment and collection of taxes and also encourages administration co-operation in combating tax avoidance and evasion;
3) acknowledges that in signing the Convention, South Africa will automatically have the benefit of exchange of information, simultaneous tax examinations between revenue administration of different countries, assistance in recovery and measures of conservancy and the service of documents with other parties of the Convention; and
4) further acknowledges that the signing of the Convention is an important step by G20 leaders that will enable signatories to better address revenue losses in a challenging environment.
Agreed to.