By Peter Cottrell CA(SA) This communication will outline recent developments in the Covid-19 tax relief measures and will provide a further update on the South African Revenue Service (SARS) auto assessment system, while noting a caution regarding the abuse of electronic communication by scammers. Recent Developments On 31 July 2020 National Treasury announced an extensionContinue reading “COVID-19: Sundry Tax Developments”
Category Archives: Tax
COVID-19: Tax Relief – Beware of Cash Flow
By Peter Cottrell CA(SA) For many small to medium sized businesses, the primary Covid-19 tax relief will be in the form of a deferral of Employees’ Tax and Provisional Tax liabilities. In many ways this relief represents an interest free source of cash flow from SARS to assist in meeting liquidity requirements. However, there is a potentialContinue reading “COVID-19: Tax Relief – Beware of Cash Flow“
COVID-19: Further Tax Measures 21 April 2020
While welcoming the clear guidance given by President Ramaphosa on the gradual lifting of South Africa’s lockdown restrictions, it is clear that there is still a long journey ahead and that the economic hardship will be with us for some time. This brings a sharp focus back onto the available relief measures. Clive Stewart has preparedContinue reading “COVID-19: Further Tax Measures 21 April 2020”
COVID-19: Amendments to the Temporary Employer-Employee Relief Scheme (TERS) Benefit
By Peter Cottrell CA(SA) There have been significant changes to the Temporary Employer / Employee Relief Scheme Benefit over the last few days. Firstly, there have been significant changes to the regulations that have widened the scope of the scheme. There are three significant areas of change: Employees who are receiving reduced remuneration are now eligibleContinue reading “COVID-19: Amendments to the Temporary Employer-Employee Relief Scheme (TERS) Benefit”
COVID-19: Relief Measures Overview
Back by popular demand! After a raft of emails dealing with various relief measures and some personal reflections, we have taken a much needed moment to catch our breath. From a business perspective, I am pleased to report that our team are doing really well having adopted to this “new normal” way of working. TheContinue reading “COVID-19: Relief Measures Overview”
COVID-19: Temporary Employer-Employee Relief Scheme (TERS) Benefit
Update: There have been significant changes to the regulations and the registration process for the Temporary Employer-Employee Relief Scheme (TERS). Please refer to our updated guidance issued on 14/4/2020. Please find attached important guidance on the Temporary Employer-Employee Relief Scheme (TERS) Benefit, a joint effort between Clive Stewart and myself this time. Please note thatContinue reading “COVID-19: Temporary Employer-Employee Relief Scheme (TERS) Benefit”
COVID-19: Tax Measures in Response to Covid-19 Pandemic
If you have not already seen our President’s address to the nation last night, it is well worth a watch: https://www.enca.com/news/livestream-president-ramaphosa-addresses-nation I was impressed to hear that the “track and trace” process will continue and that there will be expanded testing. All of this at a time when our Statistics remain in the “lower leagues”Continue reading “COVID-19: Tax Measures in Response to Covid-19 Pandemic”
Information Resources 