JULY 2020 – SOUTH AFRICA UIF TERS EXTENDED PERIOD It is important that employers note the following: Extension of COVID-19 relief payments to 15 August 2020 On 21 July 2020 the Employment and Labour Ministry announced an extension to the COVID-19 TERS relief payments. Following the President’s announcement to extend the life of the Disaster...
JULY 2020 – SOUTH AFRICA UIF TERS INTRODUCES NEW MEASURES It is important that employers note the following: UIF TERS Bank Account Verification To prevent companies from falling prey to criminal elements, the Unemployment Insurance Fund (UIF) has introduced new and stricter controls to verify banking details. The fund has received numerous fraud complaints after...
JULY 2020 – SOUTH AFRICA SARS INDIVIDUAL FILING SEASON It is important that employers note the following: Changes to the tax season for individuals As a result of COVID-19 and the restrictions implemented, SARS has made changes to the 2020 filing season process. A significant number of individual taxpayers will be auto-assessed in August SARS will...
MARCH 2020 – SOUTH AFRICA CRS TAX POCKET GUIDE 2020/2021 It is important that employers note the following: Tax rates from 1 March 2020 to 28 February 2021 Note: 80% of the travelling allowance must be included in the employee’s remuneration for the purposes of calculating PAYE (pay as you earn). The percentage is reduced...
