Coronavirus (COVID-19) presents challenges for businesses. Here are some essential weblinks providing information on the disease and its impact on workplaces and businesses. Access the full website with resources here.
This resource centre will be continually updated as other significant accounting and reporting issues arise, so we encourage you to bookmark this page and check back frequently for updates. Please access the resource centre here.
CPA Canada recognizes that this is a challenging time for all. To help you navigate through this difficult period, we have compiled an inventory of external resources to help you better understand and assess the potential reporting and audit implications of COVID-19. Please visit the website here.
Possible tax interventions to mitigate the economic effects of the COVID-19 pandemic in the South African context SAICA made a submission to SARS on 17 March 2020, requesting the Commissioner of SARS to consider various aspects regarding tax compliance due to COVID-19. The Tax Administration Act, 2011 provides for the potential remission of penalties and…
Covid-19: Tax relief proposed by the President By Graham Viljoen, Nina Keyser, Shirleen Ritchie, Yashika Govind, Lumen Moolman and Bianca de Klerk from Webber Wentzel The address by President Cyril Ramaphosa on Monday, 23 March 2020, set out certain fiscal relief measures to help small and medium enterprises (SMEs) and vulnerable firms mitigate cash flow…
In an effort to mitigate the economic impact of the coronavirus and the 21-day lockdown which President Cyril Ramaphosa announced earlier this week, government has set up an independent relief fund called the Solidarity Response Fund. The aim of the fund is to offer assistance to South Africans affected by the outbreak. Please read the…
JSE Announcements on 25 March 2020 SAICA wishes to inform its members of two documents issued by the Johannesburg Stock Exchange (JSE) on 25 March 2020. The first document relates to the JSE letter of 22 November 2019 dealing with the transitional provisions in respect of the amendments to the JSE Listings Requirements which came…
SAICA has a dedicated public sector division to support members in the public sector. This page contains all information relating to COVID-19 that impacts the work of members working in or doing business with the public sector. For all other public sector related support, please refer to the Public Sector webpage – Compliance documents…
The JSE ALSI recovered more quickly than the major US and UK indices during the last two crashes. The global economy was already on a fragile footing when a Black Swan appeared in January 2020 in the form of the coronavirus disease 2019 (COVID-19). The impact of the disease and the fallout from countermeasures has…
The Coronavirus is having a significant impact on the global economy as it increasingly disrupts production, supply chains and travel. With that in mind, organisations should consider any potential legal risks and how to protect themselves against them. In January, the World Health Organisation (WHO) announced that the outbreak of the coronavirus was a public…