The Government announces tax relief measures

The Government has announced additional tax measures to offset the impact of COVID-19 on South Africans, which includes businesses and individuals. According to the National Treasury, the relief measures are expected to provide about R70 billion to support, through the reduction in taxes or deferrals of payments for compliant businesses. This includes the expansion of employment tax incentives to pay up to R750 to every employee with an income below R6 500 per month. The National Treasury said that there would also be a skills development levy holiday for four months and a 90-day deferral for alcohol and tobacco excise duty due for May and June.

Originally written by Clement Manyathela, EWN

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