Tag Archives: COVID-19

What you need to know about tax and work travel allowance in South Africa during Covid-19

Covid-19 has far-reaching effects for the South African taxpayer and, unbeknown to many, may be silently increasing their tax liability for the 2021 year of assessment.  There is a causal link between travel allowances (and the same applies to company … Continue reading

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Managing finances during Covid-19

Covid-19 walks into the room and leaves many of us breathless, a terrible reality that we cannot simply wish away. One thing is clear, the pandemic has exposed the many cracks within the system and our lives that we believed … Continue reading

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What good leaders do in a time of crisis

As part of Saica’s  Leadership in a time of crisis webinar series, CA(SA) and CFO of Discovery Health, Brett Tromp, shared his thoughts on what good leaders can do in a time of crisis.   Brett Tromp  In good times, a leader’s role is … Continue reading

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SARS is changing the tax filing season due to the coronavirus – here’s what you need to know

The South African Revenue Service (SARS) has outlined changes to the coming tax filing season due to the impact of the coronavirus.  In a presentation on Tuesday (5 May), SARS commissioner Edward Kieswetter said that the season will be comprised … Continue reading

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COVID-19 and downgrades: Director’s duties unpacked

At the same time as grappling with a nationwide lockdown to curb the spread of COVID-19, South Africa’s credit rating was also downgraded to below investment grade by Moody’s. This is likely to only further depress an already weakening economy, … Continue reading

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Further tax measures to provide support

Finance Minister Tito Mboweni has provided more details on the second set of measures that are aimed at assisting individuals and businesses through the COVID-19 pandemic.  “There is a critical need for government interventions to assist with job retention and … Continue reading

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The lockdown: Impact on tax and unemployment related matters

There is no relief for the submission of tax returns. The President of South Africa, Mr Cyril Ramaphosa, recently announced a 21-day lockdown period from midnight on Thursday, 26 March until midnight on Thursday, 16 April 2020 due to the … Continue reading

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