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ZA: Further COVID19 Tax Relief Measures that will impact payroll
Dear Customer
SARS has released a draft explanatory note on further proposed COVID19 Tax Relief measures.
Based on a review of the draft explanatory note, the following proposals will impact payroll:
• The value of the Employment Tax Incentive for employees matching a certain criteria is to be further increased. This proposal has an effective date of 1 April 2020. Please note that the PAGSA has requested that the proposed effective date is amended to 1 May 2020.
• The proportion of PAYE that can be deferred for the period 1 April 2020 to 31 July 2020, without SARS imposing administrative penalties and interest for the late payment thereof, is to be increased from 20 percent to 35 percent. Certain amendments to qualifying criteria will also be amended.