MyZA

News, Directory, Events and Other Stuff

You are here: Home / News / National Assembly Adopts the 2025 Revenue Laws Amendment Bill

National Assembly Adopts the 2025 Revenue Laws Amendment Bill

Republic of South Africa: The Parliament
Download logo

The National Assembly (NA) today approved the Revenue Laws Amendment Bill, which marks a significant step in the country's retirement reform agenda.

The Bill proposes changes to several tax laws. It is categorised as a Money Bill, processed under Section 77 of the Constitution and follows extensive consultations led by the Standing Committee on Finance.

The Bill is part of necessary legislative reforms to support the implementation of the two-pot retirement system, which aims to give individuals limited early access to a portion of their retirement savings while preserving the remainder for retirement. The system was implemented in September 2024, and the amendments will provide much-needed clarity for retirement fund members and administrators. The Bill, among other things, clarifies terms like “retirement annuity fund” within the broader legislative context, although some terminology issues will need to be addressed in future updates.

The National Treasury published the draft bill in December 2024. This was followed by extensive public participation in Parliament's Standing Committee on Finance, where public input was received from June 2025 onwards.

With the National Assembly's approval, the Bill will now be sent to the National Council of Provinces for further consideration.

The full committee report (dated July 18, 2025) can be accessed using this link: https://tinyurl.com/3wp2uapb

Distributed by APO Group on behalf of Republic of South Africa: The Parliament.

The National Assembly (NA) today approved the Revenue Laws Amendment Bill, which marks a significant step in the country’s retirement reform agenda.

The Bill proposes changes to several tax laws. It is categorised as a Money Bill, processed under Section 77 of the Constitution and follows extensive consultations led by the Standing Committee on Finance.

The Bill is part of necessary legislative reforms to support the implementation of the two-pot retirement system, which aims to give individuals limited early access to a portion of their retirement savings while preserving the remainder for retirement. The system was implemented in September 2024, and the amendments will provide much-needed clarity for retirement fund members and administrators. The Bill, among other things, clarifies terms like “retirement annuity fund” within the broader legislative context, although some terminology issues will need to be addressed in future updates.

The National Treasury published the draft bill in December 2024. This was followed by extensive public participation in Parliament’s Standing Committee on Finance, where public input was received from June 2025 onwards.

With the National Assembly’s approval, the Bill will now be sent to the National Council of Provinces for further consideration.

The full committee report (dated July 18, 2025) can be accessed using this link: https://tinyurl.com/3wp2uapb

Per Kind Favour of APO

Africa Fact: A sixteenth century traveller visited the central African civilisation of Kanem-Borno and commented that the emperor’s cavalry had golden “stirrups, spurs, bits and buckles.” Even the ruler’s dogs had “chains of the finest gold”.

Category: Tag:

If you feel strongly about this article then feel free to send MyZA a ‘Letter to the Editor’ using the submission form below:

Letter to the Editor

This field is for validation purposes and should be left unchanged.
If this is in response to an article please include that article title here or as the lead in for the first paragraph of your Letter below.

Separate tags with commas

Localise your letter by naming the city your words are about. Add relevant words describing your subject. Single comma separated words of no more than 5
Your Name(Required)
Your Name will be linked to the website below.
Your personal, business or social media web site
Choose NO to not set up a user account on MyZA. User Accounts will allow you to submit letters under your own Author Name

3 Latest Letters to the Editor:

  • Older Persons Grants Land Today — No Need to Queue at Dawn

    Dear Editor, Older Persons grants are paid today, 30 October, under SASSA’s revised November payment schedule — with disability grants on Monday 2 November, children’s grants on Tuesday 3 November, and grants under review on Thursday 5 November. Two things every beneficiary should know. First, grant money does not expire on payment day. It stays…

  • November Grants Pay Early – No Need to Queue at Dawn

    Dear Editor, I run SAGrant (sagrant.co.za), a free resource helping South Africans navigate SASSA grants. November grants pay earlier than usual. Older Persons grants are paid on Friday 30 October, Disability grants on 2 November, and Child Support and other grants on 3 November. Grants still under review are paid on 5 November. The money…

  • NSFAS 2027 applications close on 31 October — SASSA households, apply now

    Dear Editor, I run SAGrant (sagrant.co.za), a free resource helping South Africans navigate SASSA grants. NSFAS applications for the 2027 academic year close on Friday 31 October 2026, and no extension is expected. If your household receives a SASSA grant, your child already passes the NSFAS financial eligibility test — but they still have to…

Reader Interactions

Comments

  1. Botswana: You have two cows. But that\’s not surprising because you have pretty much every type of non-extinct mammal in your country.

  2. Boerewors — spicy South African sausage [boor-uh-vors] Meaning ‘farmer’s sausage’, this term describes a savory sausage that was developed by the Afrikaners approximately 200 years ago. Boerewors is usually ‘braaied’ and eaten on a hot dog roll with tomato sauce and mustard. Make sure you roll the ‘r’ when pronouncing this word.