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This issue covers the major changes that came into force with the ratification of the Second Amendment to the Tax Administration Act1 on 12 September 2019.
Some of the key changes brought by the Amendment include:
- Imposition of a statutory limitation period to conclude an audit;
- Imposition of a statutory limitation period to make a decision on objections filed;
- Changes to the tax appeal process;
- Changes to the powers and jurisdiction of the Tax Appeal Tribunal; and
- Scope of Tax Rulings.