Receive Cabinet approval of amendments to the Customs and Excise and Income Tax Acts legalizing exemption criteria and guidelines, including full disclosure requirements, and merging existing exemption committees into a unified committee structure.
At R1, Revised text of structural benchmark "Submit to Parliament a set of amendments to the Customs and Excise and Income Tax Acts legalizing exemption criteria and guidelines, including full disclosure requirements, and merging existing exemption committees into a unified committee structure". Macroeconomic rationale: To promote fiscal transparency and enhance the efficiency of revenue collections. At R2, A policy paper outlining the amendments was submitted to the Cabinet in December 2010, and Cabinet approval was received in January 2011. The amendment based on the policy paper is expected to be approved by the Cabinet in June (expected to be met by end-June 2011). New test date.