Further to my previous post, on comments submitted to National Treasury and SARS on the renewal of the Employment Tax Incentive, I also submitted comments to the Standing Committee on Finance. The main document is here.
The committee sat to consider this matter yesterday (9th November). Unfortunately I was not able to attend in person and make a presentation. It will be interesting to see what is decided on four dimensions:
- Whether the ETI will be extended at all
- If so, how long this will be for
- Whether conditions will be attached
- Whether a decision will be made about the total Rand value of claims (i.e. foregone tax revenue by government) that will be allowed over the period of the extension.