Type of Intervention: Wage and income support
Level of Jurisdiction: National
Overview: The Government of South Africa announced new tax relief measures as part of the second phase of the government’s economic response to the coronavirus.
A four month holiday for companies skills development levy contribution, fast tracked VAT refunds and 3 month delay for filing first payment of carbon tax.
Increased turnover threshold for tax deferrals is being increased to R100 million per year and PAYE deferral increased to 35%.
Businesses with a turnover of more than R100 million a year can apply to South African Revenue Service on a case-by-case basis for deferals of their tax payments.
Tax payers who donated to the solidarity fund will be able to claim up to 10% of their taxable income.
Deferals on the payment of excise taxes on alcoholic beverages and tobacco products.
Full details here: https://www.gov.za/speeches/president-cyril-ramaphosa-additional-coronavirus-covid-19-economic-and-social-relief