The 2014 edition of SAIT Compendium of Tax Legislation - Volumes 1 & 2 (set), examines the amendments to South African tax law through a new lens. Reflecting the law as at 1 January 2014, the set comprises: Volume 1 - The Income Tax Act; Value-Added Tax Act; Tax Administration Act; the new Employment Tax Incentive Act; Rates of normal tax; Income tax monetary thresholds and rebates (subject to periodic change) Volume 2 – Supplementary material to the Income Tax Act, the Value-Added Tax Act and the Tax Administration Act (including Regulations, Interpretation Notes, Practice Notes, Binding Private and General Rulings); NEW! Explanatory memoranda on tax bills (2013) All amendments in terms of the Taxation Laws Amendment Act 31 of 2013, the Tax Administration Laws Amendment Act 39 of 2013, the Employment Tax Incentive Act 26 of 2013 and the Rates and Monetary Amounts and Amendment of Revenue Laws Act 23 of 2013 are incorporated in the 2014 Compendium. Information relating to the coming into operation (date and additional data supplied in the Acts) of each specific provision of these Acts is provided as part of the annotation in respect of the section, subsection or paragraph affected by it.