Tax Relief Measures

SimplyBiz BackABusiness Crowdfunding

by Steven | May 20, 2020

Crowdfund your business through COVID-19 through Nedbank and SimplyBiz OVERVIEW Multiple options exist to crowdfund your business via the SimplyBiz Portal found below. HOW DO I REGISTER / APPLY? Click on the button below and fill in the questions to see what options...

Where there is No Tax Relief During the COVID-19 Pandemic

by Steven | Apr 19, 2020

Tax payers must take note where tax payments and return submissions are still required. TAX DEBT There is no relief for the payment of assessed taxes and payment must be made on the due date Where a taxpayer is unable to make the payment, or can only do so partially,...

Special Tax Dispensation for Funds Established to Assist with COVID-19 Relief Effort

by Steven | Apr 18, 2020

Special tax treatment for funds established to assist with COVID-19 relief measures will be similar to the current special tax dispensation applicable to Public Benefit Organisations. COVID-19 Disaster Relief Funds will on application and approval by the Commissioner...

Deferral of Provisional Tax Payments for SMMEs

by Steven | Apr 17, 2020

SMMEs can defer a portion of their first and second provisional tax liability to SARS without penalties and interest. OVERVIEW SMMEs can defer a portion of their first and second provisional tax liability to SARS without penalties and interest The first provisional...

Deferral of PAYE Liabilites for SMMEs

by Steven | Apr 17, 2020

Tax compliant SMMEs with an annual turnover of no more than R50 million can receive cash flow relief by delaying payment of a portion of their PAYE liabilities. OVERVIEW Tax compliant SMMEs with an annual turnover of no more than R50 million can delay payment of a...