JUST IN: New Tax Regulations on the Horizon: Treasury Consolidates Eight Measures into Three Bills 

  The National Treasury has announced plans to reinstate eight tax provisions previously removed from the rejected Finance Bill 2024. The Treasury will consolidate these tax measures into three new bills: the Tax Laws (Amendment) Bill, 2024; the Tax Procedures (Amendment) Bill, 2024; and the Public Finance Management (Amendment) Bill, 2024. Treasury Cabinet Secretary John Mbadi explained that these proposed amendments aim to foster sustainable growth, innovation, and long-term economic resilience. The reinstated measures include a minimum top-up tax, expanded digital marketplace regulations, pension contributions, and withholding tax on goods supplied to public entities. Additional measures encompass an economic presence tax,
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