23 March 2020 – Relaxed tax rules for small to medium businesses

Intervention Categories: Finance policy and financial aid; Stimulus packages and financial support
Level of Jurisdiction: National

Overview: The Government of South Africa temporarily changed tax rules for small to medium businesses.

Businesses with a turnover of less than R50 million may delay 20 percent of their pay-as-you-earn liabilities for four months. Additionally, a portion of provisional corporate income tax payments may be delayed without penalties or interest for six months.

The Government expects the scheme to assist 75,000 small and medium businesses.
Full details here: https://www.gov.za/speeches/president-cyril-ramaphosa-escalation-measures-combat-coronavirus-covid-19-pandemic-23-mar