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n Local Government Bulletin - The Municipal Fiscal Powers & Functions Act : towards the coordination of macro-economic tax policy

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Abstract

The Municipal Fiscal Powers and Functions Act (Act 12 of 2007) gives effect to sections 229(1)(b) and 229(2) of the Constitution and is one of the final building blocks in the creation of a regulatory framework to coordinate macro-economic tax policy objectives across all three spheres of government. The Act took effect on 7 September 2007. In 2003, the Provincial Tax Regulation Process Act was enacted, setting out the framework for provincial taxes; the Municipal Fiscal Powers and Functions Act sets out a similar framework for local government.

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/content/lgbul/9/5/EJC61113
2007-11-01
2016-12-03
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