National Treasury Invites Public Comment on 2026 Draft TLAB and TALAB

Posted 30 July 2026 Written by Acts Online
Category Tax

Brought to you by SA Legal Academy: National Treasury has released the 2026 draft Taxation Laws Amendment Bill (TLAB) and draft Tax Administration Laws Amendment Bill (TALAB) for public consultation, giving statutory effect to key tax proposals outlined in the 2026/27 National Budget.

The draft Bills propose substantive and administrative amendments to core fiscal legislation, including the Income Tax Act, No. 58 of 1962, the Value-Added Tax Act, No. 89 of 1991, and the Tax Administration Act, No. 28 of 2011. According to the accompanying media statement issued by National Treasury, key elements of the publication include:

  • Substantive tax policy changes announced in the 2026/27 Budget speech;
  • Procedural and tax administration refinements governing compliance and administrative rules; and
  • Exclusion of the Budget proposal concerning the supply of gold to banks, which has been omitted from the current draft TLAB pending further consultation and technical consideration.

Public inputs and written submissions on the draft Bills must be submitted to National Treasury by 28 August 2026. Comments received will be evaluated to refine the legislation before formal tabling in Parliament, which traditionally coincides with the presentation of the Medium Term Budget Policy Statement (MTBPS).

What this means for you, your business, or your clients

  • For yourself: No immediate individual obligations apply at the draft stage; tax professionals should review the draft proposals to anticipate upcoming shifts in personal tax legislation.
  • For your business: Finance and tax departments should examine the draft TLAB and TALAB measures to identify potential administrative or financial impacts on company operations prior to the 28 August 2026 submission deadline.
  • For your clients: Advisory practitioners should evaluate the impact of the draft amendments on client portfolios and consider submitting technical comments to Treasury where proposed rules create operational or commercial uncertainties.

Originally published at https://legalacademy.co.za/news/read/tax-input-sought-on-2026-27-budget-related-bills

The views expressed herein are those of the author and do not necessarily reflect those of Acts Online. Acts Online accepts no responsibility for the accuracy, completeness or fairness of the article, nor does the information contained herein constitute advice, legal or otherwise.