Tax Relief Measures during Covid-19

President Ramaphoza announced a number of tax relief measures amid the Covid-19 disaster.

SARS recognise that tax professionals are central to support taxpayers and small businesses during the period of national disaster and announced that SARS will be issuing extensive communication on the implementation of the tax measures through its strategic stakeholders.

This free Webinar is part of a series of Technical Alerts and Webinars that the Tax Faculty, SAIT and SA Accounting Academy will facilitate to keep you updated, including important changes in the SARS systems and processes.

Overview

Webinar 3 will focus on the employer and employee related implications of the COVID-19 relief measures introduced by Government with special focus on PAYE and UIF implications.

We will inter alia discuss the following:

• Understanding the application for special dispensation through which employees will receive wage payment through the Temporary Employee Relief Scheme – and unpacking the application form;
• PAYE payment deadlines falling within the lockdown period;
• Understanding the SMME portal for Small Business Development where small businesses can complete a from for funding assistance with rental and operational costs – unpacking the form;
• Understanding the application to Temporary Employee Relief Scheme for any employees who might fall ill through exposure at their workplace;
• Unpacking the Easy-Aid guide for employers (reduced work time benefits/illness benefits/dependents benefits)
• Employers/clients who pay weekly wages - should pay their staff in advance for the duration of the lock down period and wait for compensation from the UIF and if the UIF will pay the employer or employee.
• How will the temporary lay-offs be treated for UIF and what is the expected turn-around time for claims to be paid?  Will any electronic way of submitting these claims be made available to fast track this, as business is still concerned about the well-being of its employees in these times, even if difficult decisions need to be made.
• Implications of the temporary reduction of contributions to UIF and SDL.
• Implications of delaying 20% of the PAYE obligations by 4 months for tax compliant employers with turnover less than R50m

Dates

• 30 March
• 2 April
• 6 April
• 9 April
• 16 April
• 20 April

Presenter

Rob Cooper

Rob Cooper completed his B.sc in Computer Science at the University of Pretoria in 1971. Many years of design and programming of various financial systems followed, including the development of payroll systems for different environments.

He was one of the founders of Softline (1986) – now known as Sage – and spent many years developing world class payroll systems and taking the Sage business to new heights Over the last fifteen years, his focus has been on the numerous pieces of legislation that govern the employment and payroll industry and he is a respected expert, presenting at tax seminars and workshops.

CPD

This webinar and successful completion of the online assessment will secure 2 hours verifiable output TAXCPD points/units.

Event Investment 

Free for all.

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