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South African Treasury Issues Media Statement on Further Tax Measures to Combat the COVID-19 Pandemic

24 April 2020

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Approved Changes

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South Africa

The South African Treasury has issued a media statement on further tax measures to combat the COVID-19 pandemic, including further details on the measures announced by South Africa's president on 21 April. The measures include the following: Skills development levy holiday: From 1 May 2020, there will be a four-month holiday for skills development levy contributions (1% of total salaries) to assist all businesses with cash flow. This provides relief of around R6 billion. Fast-tracking of value-added tax (VAT) refunds: Smaller VAT vendors that are in a net refund position will be temporarily permitted to file monthly instead of once...