Company taxation in the time of COVID-19 lockdown Jared Waters a Principal at Bravura Structured Solutions, highlights the potential complexities that could arise for Corporate South Africa amidst the country’s COVID-19 lockdown period. President Cyril Ramaphosa announced South Africa’s nationwide lockdown for a period of 21 days in an effort to slow down the spread…
COVID-19 Corona Virus South African Resource Portal Please access the official Covid-19 Corona virus South African resource portal here.
EY: Responding to Covid-19 COVID-19 is an unfolding event bringing uncertainty to every business. To help you navigate through these unprecedented times, here you’ll find the most relevant EY insights on responding to volatility and building enterprise resilience.
Covid-19 lockdown and tax and unemployment related matters Authors: Piet Nel and Juanita Steenekamp SAICA The Covid-19 lockdown currently in place will have an impact on tax related matters. This includes contact with SARS, returns and payments due to SARS, as well as disputes. It also has an impact on employers and their employees. Whilst…
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…
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…
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 concept of ‘reasonable period’ within the ambit of the tax legislation seems to be topical one day and then the next loses impetus for whatever reason without ever settling the issue. This question of time is exceptionally important and relevant for the sections in the tax legislation which deal with the situation where SARS…
The increase in the tax return threshold On the 6th of June this year, the head of SARS, Edward Kieswetter, announced that the threshold for submission of tax returns has been increased from R350 000 to R500 000. This means that if you earned less than R500 000 in the 2019 tax year, you do not have to…
SARS released its notice today announcing the up-coming 2019 tax return filing season for individual and trust taxpayers. Various changes have been announced which according to SARS will make it simpler and more convenient for taxpayers to file their tax returns. The 2019 tax season will start on 1 July 2019 where taxpayers use eFiling…