Covid-19
Treasury outlines details of R15bn business relief for lockdown and its aftermath
Those wanting to take advantage of the relief will have to have their tax affairs in order
29 March 2020 - 18:56
The National Treasury has provided details of the relief measures which were announced by President Cyril Ramaphosa to assist business deal with the effects of the three week national lockdown and its aftermath.
There are three relief measures amounting to a total of R15bn — one expanding the age eligibility and the amount claimable under the employment tax incentive worth R10bn, and two others allowing respectively for the deferral of the payment of PAYE (R2bn) and provisional tax (R3bn) for tax compliant small and medium businesses...
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