The employees’ tax deferral is 35% per month for the period 1 April 2020 to 31 July 2020 and applies to compliant “qualifying taxpayers”.
Draft Disaster Management Tax Relief and Draft Disaster Management Tax Relief Administration bills were issued by Treasury on 1 April 2020 and submissions were made to Treasury regarding proposed changes to these initial publications.
Revised draft bills were issued by Treasury on 1 May 2020. We herewith summarise the employment proposals and provide guidance regarding the disclosures required on the monthly PAYE return (form EMP201). A summary reference table is provided at the end of the document.
Download the full article below
© 2021 KPMG Services Proprietary Limited, a South African company with registration number 1999/012876/07 and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.