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ZA Taxation Laws Amendment Act, 2020 and Taxation Administration Laws Amendment Act, 2020
Dear Customer
A comprehensive review of the Taxation Laws Amendment Act 2020 (“TLAA’) and Taxation Administration Laws Amendment Act 2020 (“TALAA’) was conducted.
Based on this review, it has been noted that amendments to the following may have an impact on the taxation of remuneration:
1. Reimbursements to Employees for Business Travel
2. Bursaries and Scholarships
The legislative amendments to the above do not require any seeded amendments to the application. Therefore, a patch is not required.
Users should however review their setup to determine if any amendments to their internal setup are required.
Best regards,
Alina