author_orbitax
Orbitax

Share This Article

South Africa Release on Tax Measures to Combat COVID-19 Lockdown

02 April 2020

|

Approved Changes

|

South Africa

South Africa's Minister of Finance has issued a release on the tax measures being implemented to combat the COVID-19 lockdown. Three measures in particular are noted: The introduction of a tax subsidy to employers of up to ZAR 500 per month for the next four months for those private sector employees earning below ZAR 6,500 under the Employment Tax Incentive; The South African Revenue Service to accelerate the payment of employment tax incentive reimbursements from twice a year to monthly to get cash into the hands of compliant employers as soon as possible; and Tax compliant businesses with a turnover...