Government, parliamentary and legislative information on the Presidency).
Tax harmonisation provisions contained in the recently signed Taxation Laws Amendment Act and Tax Administration Laws Amendment Act will be reviewed after two years.
The presidency reminded stakeholders about this in a statement issued in response to media reports that insufficient consultation on the retirement reform proposals had taken place.
Parliament has set up an independent panel to monitor the impact of legislation passed since 1994.
The panel was mandated by the Speakers’ Forum consisting of the Speaker and Deputy Speaker of the National Assembly, the Chairperson and Deputy Chairperson of the National Council of Provinces and the Speakers and Deputy Speakers of all nine Provincial Legislatures.
An inter-ministerial committee (IMC) on investment promotion has been established.
According to a statement issued by the presidency, the IMC is intended to “improve support and assistance to investors wishing to take advantage of the vast investment opportunities in the country”.