oa Journal of Economic and Financial Sciences - Assessments under the Tax Administration Bill
|Article Title||Assessments under the Tax Administration Bill|
|© Publisher:||University of Johannesburg|
|Journal||Journal of Economic and Financial Sciences|
|Affiliations||1 University of Johannesburg|
|Publication Date||Oct 2011|
|Pages||427 - 432|
|Keyword(s)||Assessments, Jeopardy assessments, Prescription, Tax Administration Bill and Withdrawal of assessments|
The Tax Administration Bill (TAB) that will be tabled in parliament during this year will no doubt have a significant impact on the administration of all taxes. The drafting of the TAB was announced in the 2005 Budget Review as a project "to incorporate into one piece of legislation certain generic administrative provisions, which are currently duplicated in the different tax Acts". The scope of the project has since been extended so that it can now be seen as a preliminary step to the re-write of the Income Tax Act, 1962, since the administrative part of the Act comprises about 25% of the Act.
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