SARS has published the COVID-19 Small Business Tax Relief Measures.
Download the SARS Small Business Tax Relief July 2020 leaflet here.
This leaflet is a quick reference to the draft Disaster Management Tax Relief Administration Bill, and Disaster Management Tax Relief Bill to help Small, Micro, or Medium Enterprises (SMMEs) with their claims, should they wish to benefit from them.
Qualifying criteria for SMMEs:
- Good Tax Compliance Status (TCS)
- Conduct trade during the year of assessment ending on, or after 1 April 2020 to 31 March 2021, and has a gross income of R100 million or less
- The gross income must not include more than 20% in aggregate of interest, dividends, foreign dividends, royalties, rental from letting fixed property, annuities and any remuneration received from an employer.
More detailed information: