Government offers tax breaks as part of COVID-19 relief
Finance Minister Tito Mboweni has provided more details on tax measures following President Cyril Ramaphosa’s address on Tuesday evening. Since the country went into lockdown, many people and businesses have lost incomes and revenue. The new measures include a skills development levy from 1 May that will assist businesses with cash flow.
Other measures are an increase in employment tax incentive, as well as adjusting pay-as-you-earn for donations which means donations can be factored into an employer’s monthly salary of up to 5 percent. Treasury says that these measures are put in place to help fill in the gaps that the coronavirus outbreak has had on the economy.
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Government has agreed that many obligatory taxes for business can be postponed. Professor Keith Engel, the CEO of the SA Institute of Tax, explains. #Day28ofLockdown pic.twitter.com/rge67vfUnD
— eNCA (@eNCA) April 23, 2020
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Media statement on further tax measures announced to combat the Covid-19 pandemic. More details on this link: https://t.co/gjZX6Xo2td #Covid19SA
— National Treasury (@TreasuryRSA) April 23, 2020
In other news – Twitter not impressed with Madam and Mercy’s Show #MadamAndMercy
Just when we thought viewers of the new reality show Madam and Mercy, were enjoying it, things have changed as they are already singing a different tune. The show which premiered 2 weeks ago, is centred around the glamorous lifestyle of the opulent and renowned mother and daughter duo, Madam and Mercy.
Viewers of the show have mixed reactions about it. It is no secret that some have been in awe with it because they enjoy Madam’s personality, but some have expressed their dissatisfaction, saying they find it boring. Read more
Source: eNCA
