Having already given back R2.4 billion in tax refunds to large and SME businesses over the four days since the lockdown begun, SARS is paying out tax refunds early to alleviate the COVID-19 pandemic. SARS can only assist you if you remain compliant by fulfilling your filing and payment obligations even during the lockdown.
It is very important that even if you are in distress that you continue to be compliant in order to access the tax relief measures that government has put in place to counter the economic effects of the Covid-19 pandemic. You are to use the available SARS channels to make payments that are due on or before 31 March. SARS has made available the following online channels, namely, MobiApp, eFiling, e@syFile, email and the SARS Contact Centre (0800 00 7277).
Using the tax system, SARS has put in place the following relief measures to help businesses from 1 April:
Treasury says that relief measures available to tax compliant SMEs, as detailed above, will probably be applicable to sole proprietors making less than R5 million per year and don’t earn more than 10% your turnover from interest, dividends, foreign dividends, rentals from letting fixed property and pay received from an employer.
Together with other key parties, SARS is exploring the temporary reduction of employer and employee contributions to the Unemployment Insurance Fund and employer contributions to the Skill Development Fund.
CURRENT STATUS: active as of April 1 2020 – find out more here