Government & SARS Updates

The Government is issuing a continuous flow of information and guidance for employers, employees and businesses on how to deal with the impact of Covid-19. Here, we summarise the most up to date, key information issued to help protect you and your business.

SARS may grant you or your business an instalment payment arrangement on tax payments without imposing penalties.

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Accurate as at Thursday 7th May 2020.
Taxpayers that are incapable of making tax payments due to the COVID-19 pandemic may apply to SARS to defer certain tax payments without incurring penalties.

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Further Covid-19 tax relief: Mazars Commentary

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Accurate as at 24th April 2020
Following President Ramaphosa’s announcement of the aid package to assist with relief for Covid-19 affected people on 21 April 2020, National Treasury published a media release on 23 April 2020 setting out the additional tax measures that it and the South African Revenue Service (SARS) are putting in place to help businesses and individuals during the lockdown and its aftermath.

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COVID-19: tax measures

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Accurate as at 3rd April 2020
On Sunday, 29 March 2020, the Minister of Finance published a media release and an Explanatory Note on the Covid-19 tax measures that National Treasury and the SARS intend introducing which is primarily aimed at assisting vulnerable employees and small businesses. The Minister announced that these measures will be applicable from 1 April 2020.

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Some good news: short-term relief measures that aim to relieve pressure on employers

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Accurate as at 3rd April 2020
The South African government has released further clarity on a number of short-term relief measures that aim to relieve pressure on employers affected by the COVID-19 pandemic.

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Debt Relief Finance Scheme

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The Department of Small Business Development as put together a “Debt Relief Finance Scheme” for businesses which are negatively affected, either directly or indirectly, due to the COVID019 pandemic. Please see attached document for qualifying criteria and application process.

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Sukuma Relief Programme Now Open

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Business Partner‘s Sukuma Relief Programme, which will disburse R1-billion from the Rupert Family to small businesses, is now open to accept applications for funding.

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How to register as an essential service to operate during the National Lockdown

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In light of the current and expected impacts of the Covid-19 pandemic, President Cyril Ramaphosa called for a 21-day lockdown where all South African will be confined to their homes and only be able to leave their homes under certain exceptional circumstances.

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Updates from Government, support and advice

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Find updates from the South African Government concerning the COVID-19 outbreak, lock down measures and more as well as support and advice from trusted resources the WHO.

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