Repayment Of Deferred Payments And Waiver Of Interest And Penalties For Late Payments

SNG Grant Thornton is the South African member firm of Grant Thornton International Ltd. We have progressed expeditiously in every aspect since our establishment in 1985. We are an indigenous mid-tier assurance, tax and advisory firm with offices in South Africa and Eswatini.

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The coronavirus (COVID-19) pandemic has undoubtedly resulted in business disruptions for many taxpayers in South Africa and globally.

South Africa Tax

The coronavirus (COVID-19) pandemic has undoubtedly resulted in business disruptions for many taxpayers in South Africa and globally.

Businesses have been affected in varied degrees, with some forced to adapt to new ways of working, while a few were forced to close down.

In response to the COVID-19 pandemic, on 1 May 2020 National Treasury released revised Draft Bills together with the Draft Explanatory memorandum outlining a set of rules for certain tax relief measures offered. These include, amongst others, tax relief measures for provisional taxpayers, employers, vendors, and micro-businesses etc.

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Repayment Of Deferred Payments And Waiver Of Interest And Penalties For Late Payments

Contributor

The coronavirus (COVID-19) pandemic has undoubtedly resulted in business disruptions for many taxpayers in South Africa and globally.

Tax

Contributor

South Africa