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WATCH: Pravin explains way forward for retirement tax law

Feb 18 2016 17:31
Matthew le Cordeur

Cape Town - Finance Minister Pravin Gordhan on Thursday said government has proposed that the annuitisation requirement for provident fund members be postponed for two years to allow for further consultation.

Full coverage of event:

1. The Zuma government has again been forced to backpedal on a tax law amendment compelling two-thirds of provident fund savings to be put in a retirement annuity. READ

2. When President Jacob Zuma signed the Taxation Laws Amendment Act late last year he was unaware of Cosatu’s objections to provident fund proposals, says Jeff Radebe. READ

3. Finance Minister Pravin Gordhan has conceded that the last-minute proposal to amend the tax changes will be very costly for businesses and will need to be finalised quickly. READ

4. The government has denied that the decision to table a legislative amendment to the Taxation Laws Amendment Act was a move to appease the ANC's alliance partner, Cosatu. READ

5. A tax industry player has likened government's backtracking on the Tax Laws Amendment Act to starting a rocket and then getting someone out just before the launch.  READ

6.  At a time when South Africa needs policy certainty, the ANC has put its interests ahead of the country by postponing the tax law changes, says the DA. READ

7. Live updates: Finance Minister Pravin Gordhan has explained the need to postpone the implementation of the annuitisation part of the tax law. READ

8. The Association for Savings and Investment SA was relieved about the government’s decision to implement the bulk of the Taxation Laws Amendment Act, CEO Leon Campher says. READ

9. Finance Minister Pravin Gordhan has defended plans for the implementation of new tax laws, while saying that certain aspects needed "better design". READ

pravin gordhan  |  tax  |  tax laws amendment bill


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