Tax Amendment Analysis

Having been assented by the President on 11th December 2024, the Tax Procedures (Amendment) Bill, 2024 and the Tax Laws (Amendment) Bill, 2024 became law. Below, we analyze changes introduced under the Tax Laws Amendment Act, 2024, and the Tax Procedures Amendment Act, 2024 which amend the Income Tax Act, the Value Added Tax Act, the Tax Procedures Act, the Excise Duty Act, and the Miscellaneous Fees and Levies Act in an effort to ensure a number of proposals contained in the rejected Finance Bill 2024 are utilized to refine and enhance the existing tax framework, addressing both procedural and substantive aspects of tax law. 

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