The Alternative Information & Development Centre (AIDC) submission to Parliament’s Standing Committee on Finance addresses the 2026 draft Rates, Taxation Laws Amendment (TLAB), and Tax Administration Laws Amendment (TALAB) Bills. While welcoming certain reporting provisions, the submission strongly critiques key proposals such as increases to the medical scheme fees tax credit and the retirement fund contribution deduction cap, arguing that they disproportionately benefit higher-income earners and worsen inequality. It recommends progressive alternatives, including adjusting personal income tax brackets, introducing wealth and dividend tax reforms, and addressing broader illicit financial flows, tax havens, and corporate profit-shifting. Please read our full submission below.
AIDC Submission to the Standing Committee on Finance on the 2026 Draft Bill, Draft Taxation Laws Amendment Bill and Draft Tax Administration Laws Amendment Bill
Posted in Publications Tagged with: Coronation Investments, Davis Tax Committee, Financial Intelligence Centre, Illicit Financial Flows, Medical Scheme Fees Tax Credit, National Prosecuting Authority, National Treasury, Personal Income Tax, Reserve Bank, South African Tax Haven Defence Act, Special Economic Zone Incentives, World Bank
