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ZA Announcement: Adjusted Tax Measures
Dear Customer,
Last night, 25 July 2021, the President of South Africa adjusted our COVID 19 alert level downwards and also spoke about the unrest in South Africa. During the speech the President announced, amongst other items, that there will be an adjustment to the Employment Tax Incentive (“ETI”) and a deferral of PAYE for “x” months. The speech did not provide a substantial amount of information with regards to the adjustment to ETI and the PAYE deferral. As at this morning, 26 July 2021, a Government Gazette expanding on the ETI and PAYE amendments has not been published and no further