corona 2.0

COVID-19 TERS benefit to assist employers and workers during lockdown

The Minister of Employment and Labour, T.W Nxesi has recently announced measures that the Department will put in place under the current special circumstance relating to the Corona virus (COVID-19) and its impact on UIF contributors. Therefore, the Unemployment Insurance Fund (UIF) developed the Covid-19 Temporary Employer-Employee Relief Scheme (COVID-19 TERS) to contribute to the[…]

corona 2.0

Additional tax measures to help businesses during lockdown

South African president Cyril Ramaphosa has announced further tax measures to assist businesses and their employees through the difficult Covid-19 period.   Additional Measures   The additional tax relief measures include the fast-tracking of VAT refunds to help with cash flows, a four-month holiday for company skills development levy contributions and a three-month delay for[…]