COVID-19 TERS Update
Summary of the latest guide from the UIF, aimed at providing guidance to employers, post submission. Also details for those intending to apply in May.
2020
New SARS Code and System Item for Disaster Relief Funds
We have created a new system item to assist with the special tax treatment and reporting requirements for COVID-19 relief payments from various organisations, such as the South African Future Trust (SAFT).
UIF Submission Update
Update on the electronic UIF submission turnaround time, provided through SimplePay.
Employment Tax Validation Process
An overview of SARS’ employment tax validation process, as well as updates on the SDL payment holiday and the recent expansion to parental leave benefits.
Lockdown Recap Blog #4
A consolidating summary of blogs and events from this week.
Lockdown Update: 8 May
In today’s blog we have an important update on how best to interpret employee TERS benefit entitlements and the effect of additional payments by employers to employees participating under the scheme. We shall also touch base on tracking of UIF applications, updates from SARS and cast our eyes forward with respect to ETI.
ETI Increases as a COVID-19 Relief Measure
As part of the government’s COVID-19 relief measures, the ETI claimable by employers has been increased for the pay period 1 April - 31 July 2020. These changes are now available on our system.
Amended Disaster Management Bills and Level 4 of Lockdown – 5 May
In this blog we update you on what has come to light from the release of the two amended disaster management bills this past weekend, as well as outlining what employers need to do if employees are returning to work under level 4 of lockdown.
Lockdown Recap Blog #3
This is the third in our series of lockdown recap blogs, providing a wide array of information to help you through lockdown
Lockdown Update – 29 April
Updates and clarifications on the TERS payouts and employer payments, expansion of the deferment of PAYE, as well as other topical news