Government, parliamentary and legislative information on financial matters, including National Treasury and SARS.
Financial Services Board
The Financial Services Board has set down the revised penalty for failure by insurance companies to furnish the Insurance Registrar with returns.
The penalties were published in notices 45 and 46 in Government Gazette 38492.
South African Revenue Service
The daily subsistence allowance for meals and incidental expenses for local and international business travel has been set down in Government Gazette 38476.
The South African Revenue Service (SARS) published the notice in terms of section 8(1) of the Income Tax Act.
In presenting Budget 2015 to parliament, the finance minister, Nhlanhla Nene, described it as having been a challenging budget to prepare within difficult economic circumstances.
The budget takes its lead from the Medium Term Expenditure Framework and the National Development Plan.