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Revised Draft Management Tax Relief Bills

Revised Draft Management Tax Relief Bills

The threshold for a “Qualifying Taxpayer” as set out in the Draft Disaster Management Relief Tax Administration Bill, 2020 has been increased to R100m

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revised draft management tax relief bills

Revised Draft Management Tax Relief Bills

Revised Draft Management Tax Relief Bills On 21 April 2020 the President of South Africa announced that additional tax relief measures would be introduced to counter the adverse impact of the COVID-19 pandemic on the South African economy and workforce.

The announcement was followed on 23 April 2020 by a National Treasury media release providing some detail on these relief measures. On 1 May 2020, National Treasury released revised drafts of the Draft Tax Management Relief Bill, 2020 and the Draft Tax Management Relief Administration Bill, 2020. 

 

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