South africa lockdown dates 2021 update#
24 April 2020 – Update to the 9 April post of what other countries are doing during the COVID 19 Pandemic (Eswatini and Lesotho).Gross income increased from 50 to 100 million for businesses qualifying for tax relief.ETI amounts increased from R500 to R750.24 April 2020 – Update: Frequently Asked Questions on Tax Relief Measures.This means that employers are still liable to pay the remaining 65% as per normal. In addition, SARS will not impose any penalty or interest on the deferred PAYE liability amount. One of these measures includes a 35% deferral on the monthly PAYE liability owed to SARS for the months of April, May, June and July. On 21st April 2020 President Ramaphosa announced additional measures to assist employers to provide financial stability to their employees. 24 April 2020 – FAQ’s for Employers detailing the process to follow for PAYE deferment, SDL payment holiday and the extended Employment Tax Incentive.In line with the economic stimulus package announced by President Cyril Ramaphosa, the filing requirement and the first carbon tax payment which was due by 31 July 2020 will be delayed to 31 October 2020. 24 April 2020 – Tax Relief measures: Three-month deferral for filing and first payment of carbon tax.25 April 2020 – Draft explanatory notes– Further COVID-19 tax measures and Draft notices for urgent public comment – Expanding access to living annuitiesįollowing queries received, National Treasury and SARS publish, for urgent comment, explanatory notes on further COVID-19 tax measures, and notices relating to expanding access to living annuities. Because of time constraints to have these notices signed into law with immediate effect, the comment period is open for a very limited time.Public comment to be submitted by to and Adele Collins at. The revised 2020 Draft Disaster Management Tax Relief Bill and the 2020 Draft Disaster Management Tax Relief Administration Bill provide the necessary legislative amendments required to implement the further tax measures aimed at combating the COVID-19 pandemic and also take into account public comments received on the initial batch of COVID-19 draft tax bills published on 1 April 2020. These Bills give effect to the media statement issued by National Treasury on 24 April 2020 regarding further tax measures to combat the COVID-19 pandemic, following the address by President Cyril Ramaphosa on 21 April 2020. National Treasury and the South African Revenue Service (SARS) publish, for public comment, the revised 2020 Draft Disaster Management Tax Relief Bill and 2020 Draft Disaster Management Tax Relief Administration Bill. Draft rule amendments under Customs and Excise Act 1964 – COVID-19 Relief Measures.Draft Explanatory Memorandum on the Revised Draft Disaster Management Tax Relief Bill.Revised Draft Bill – Disaster Management Tax Relief Administration Bill, 2020.Revised Draft Bill – Disaster Management Tax Relief Bill, 2020.Media statement – Publication of the revised COVID-19 Draft Tax Bills for public comment.– Revised COVID-19 Draft Tax Bills and Draft rule amendments Notices – Expanding access to living annuities –.Draft Explanatory Memorandum on the Revised Draft Disaster Management Tax Relief Bill –.Draft Disaster Management Tax Relief Bill –.Media Statement: Publication of the 2nd revised COVID-19 Draft Tax Bill and extension of time for public comments on specific 2020 tax proposals.They provide the necessary legislative amendments required to implement the tax measures to combat the COVID-19 pandemic. The 3rd revised 2020 Draft Disaster Management Tax Relief Bill and 2020 Draft Disaster Management Tax Relief Administration Bill, as well as the Notice on Expanding Access to Living Annuity Funds, will be published by the end of May to take into account all public comments received on the revised COVID-19 Draft Tax Bills published on. These are published to provide early feedback on issues raised through public comment on the revised COVID-19 Draft Tax Bills published on that are time critical for payroll and other aspects to be implemented in May 2020. National Treasury and SARS publish the 2nd revised 2020 Draft Disaster Management Tax Relief Bill and revised Draft Notice on Expanding Access to Living Annuity Funds.
– Second Draft Disaster Management Tax Relief and Relief Administration Bill
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