Customs and Excise Amendment Bill to be Tabled Soon

National Treasury

The Draft Customs and Excise Amendment Bill is heading for parliament.

National treasury published the draft bill’s explanatory summary in Government Gazette 42216.

The draft bill seeks to amend the Customs and Excise Act in order to:

• insert a new provision for the purpose of the administration of allowances and limitation of allowances in relation to the Carbon Tax Bill, to be introduced in the national assembly on the same date as;
• require that a taxpayer as defined in the Carbon Tax Bill must license premises as may be prescribed by rule;
• regulate actions, pertaining to submission and verification of accounts, collection and payment of the carbon tax;
• allow the Commissioner to make rules insofar as it is necessary to regulate duties, powers and rights not regulated by the Carbon Tax Bill in relation to collection and payment of the carbon tax; and
• provide for matters connected therewith.

The draft bill will be tabled in parliament on 20 February during Budget 2019.

Sabinet Cape Town Office