Introduction In 2020, Parliament passed the Disaster Management Tax Relief Act, 2020, and the Disaster Management Relief Administration Act, 2020, containing exceptional tax measures which formed part of the fiscal package aimed at assisting taxpayers who experienced cash flow constraints as a result of the COVID-19 pandemic and required national lockdown. One of the exceptional …
Working from home seems to be the “New Normal” since the Coronavirus outbreak. If you worked from home for more than half of your total working hours or for more than 6 months during the tax year March 2020 to February 2021 you can claim back from SARS. These deductions are only allowed under certain …
Changes to the ETI Act The changes to the ETI formula is valid as of 1 April 2020 and will end 31 July 2020.: The proposed amendments that impact on payrolls and employers are summarised below. The formula bands for employees aged 18 to 29 years who have qualified for less than 24 months have …
Tax Relief Measures – Draft DMTR Bill Impacting ETI Read More »
On 3 April 2020 the Compensation Fund published Government Gazette No. 43203 that specifies the annual earnings threshold that payrolls must apply to calculate employee earnings for the annual Return of Earnings (W.As 8) report. The earnings threshold is R484 200 pa and is effective from 1 March 2020. INCREASE OF MAXIMUM AMOUNT OF EARNINGS …
Minister of Trade and Industry Ebrahim Patel on Wednesday announced that businesses can apply for required certification via the Companies and Intellectual Property Commission’s Bizportal website (bizportal.gov.za/) from 26 March 2020. It is an automatic electronic process and certification will be made available instantly. A physical certificate will also be issued on the same website. Please note …
Application for Essential Services during the Lockdown Period Read More »
During the lockdown period, an employee may be requested by the employer to take annual leave from his/her annual leave credits. The BCEA allows employers to determine the time that employees can take their annual leave. Please note that 10 and 13 April 2020 are public holidays and should therefore not be deducted from the …
The Compensation Fund Commissioner has published a notice relating to employees contracting the COVID-19 disease out of and in the course of his/her employment. The notice deals with COVID-19 contracted from single or multiple exposures to confirmed cases in the workplace or after an official trip to high-risk countries or areas. The notice address the …
Compensation for Occupational History and Disease Read More »
COVID-19 virus and its impact The Commissioner of the Unemployment Insurance Fund has published on 23 March 2020 an “Easy Guide” explaining the processes developed to access UIF benefits in order to contribute to the containment of the spread of the COVID-19 virus and its impact. UIF benefits will become applicable where companies need to …
Media Statement and Explanatory Memorandum The much-anticipated draft tax relief measures designed to alleviate financial hardship resulting from the Covid-19 pandemic were release on Sundae afternoon 29 March by National Treasury and SARS. The measures were issued in the form of a : Media Statement from the Ministry of Finance Draft Explanatory Notes on the …
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