Draft Documents for Public Comment

All comments received on drafts are considered in full, but due to time constraints, no individual correspondence will be entered into. The identity of commentators and their comments will be collected and may be disclosed publicly, either in full or in summary, as legal obligation dictates or is necessary for SARS to properly perform its duties.

The draft documents are categorised according to their due date for comment. Comments may be emailed to the address indicated in the last column.

Latest draft uploaded for comment Look under: 30 September 2024

Due date for comments	Legislation	Description	Send comments to
30 August 2024	Income Tax Act, 1962	Draft Guide Draft Guide – Allowances and deductions relating to assets used in the generation of electricity from specified sources of renewable energy Explanatory Note This draft guide provides general guidance on the tax incentives available for the generation of electricity from specified sources of renewable energy under section 12B(1)(h) and (i), the enhanced form of this deduction under section 12BA and the deduction under section 12U for amounts actually incurred on the construction of any road, the erecting of any fence and a foundation or supporting structure designed for such a fence as well as on the cost of the improvements to any road, fence or foundation or supporting structure that are used for the generation of electricity from specified sources of renewable energy. Date published: 30 July 2024	[email protected]
30 August 2024	Income Tax Act, 1962	Draft Guide Draft Guide – Income Tax Benefits in Special Economic Zones Explanatory Note This guide provides a general overview of the income tax benefits available to a qualifying company that carries on a trade in a special economic zone, and a discussion on the qualifying criteria under section 12R and section 12S. Date published: 5 July 2024	[email protected]
31 August 2024	National Legislation	2024 Draft Tax Bills and Draft Regulations Media Statement: Publication of the 2024 Draft Tax Bills Draft Taxation Laws Amendment Bill 2024 Draft Explanatory Memorandum on the Draft Taxation Laws Amendment Bill 2024 Draft Tax Administration Laws Amendment Bill of 2024 Draft Memo on Objects of Tax Administration Laws Amendment Bill of 2024 Draft Regulations on the Method for Determining the VAT liability in respect of Casino Table Games of Chance Draft Explanatory Memorandum on the Method for Determining the VAT Liability in respect of Casino Table Games of Chance Draft Regulations on Electronic Services for the purpose of the Definition of “electronic services” Draft Explanatory Memorandum to Electronic Services Regulations 2024 Draft Carbon Offset Regulations Prescribing Carbon Offsets in terms of Section 19(c) of the Carbon Tax Act Draft Explanatory Memorandum to Carbon Offsets Regulations Domestic Reverse Charge Regulations Draft Explanatory Memorandum to Domestic Reverse Charge Regulations Explanatory Note National Treasury and SARS invite comments in writing on the 2024 draft TLAB, 2024 draft TALAB, the draft Regulations on determining the VAT liability in respect of casino table games of chance, draft Regulations on domestic reverse charge and draft Regulations on electronic services and Carbon Offset Regulations. Date published: 1 August 2024	National Treasury’s tax policy depository at [email protected] and SARS at [email protected]
13 September 2024	Mineral and Petroleum Resources Royalty Act, 2008 Royalty Administration Act, 2008	Draft Guide Draft Guide– Mineral and Petroleum Resources Royalty Act Explanatory Note This guide provides a general overview of the application of the Mineral and Petroleum Resources Royalty Act 28 of 2008 and administration of the royalty under the Royalty Administration Act 29 of 2008. Date published: 1 August 2024	[email protected]
30 September 2024 New!	Income Tax Act, 1962	Draft Interpretation Note Draft Interpretation Note – The meaning of reserve fund under section 23(e) Explanatory Note This Note considers the meaning of “reserve fund” for purposes of section 23(e). Date published: 30 August 2024	[email protected]

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