On December 11, 2024, the President signed the Tax Laws Amendment Act, 2024 (TLAA) into law, with its provisions taking effect on December 27, 2024. The Act modifies several tax-related laws, including the Income Tax Act (ITA), the Value Added Tax Act (VAT Act), the Excise Duty Act, and the Miscellaneous Fees and Levies Act. Below, we highlight some of the significant changes introduced by this Act.
