Visit Covid-19 news, links and sacoronavirus.co.za
Advertise on Bizcommunity

Subscribe to industry newsletters

R2.4bn Sars refunds to lockdown-hit SMMEs, businesses

The South African Revenue Service (Sars) has paid out R2.4bn to taxpayers in refunds since the commencement of the Covd-19 enforced lockdown on 26 March.
In a statement, the revenue collector said this was in an effort to balance the safety of its staff, taxpayers and traders, while ensuring that the country’s economy is able to function.

“Sars is fully aware of the devastating effect on the lives of our people, the risk to businesses and an already struggling economy. Consequently, we are committed to maintaining the essential services of Sars to mitigate these unfavourable conditions."

Cash injection


The refunds comprise payments to large business amounting to R1.1bn and payments to small, medium and micro enterprises (SMMEs) amounting to R1.3bn.

“The payment of refunds represents a major cash injection into the economy at a very critical period. Sars can only do this if taxpayers and traders remain compliant by fulfilling their filing and payment obligations even during the lockdown,” the revenue collector said.

“It also remains imperative that various categories of businesses in distress continue to be compliant in order to access the tax relief measures that government has put in place to counter the economic effects of the Covid-19 pandemic,” said Sars.

The revenue service has made available the following online channels, namely, MobiApp, eFiling, e@syFile, email and the Sars contact centre - 0800 00 7277 - to fulfil these obligations.


SOURCE

SAnews.gov.za
SAnews.gov.za is a South African government news service, published by the Government Communication and Information System (GCIS). SAnews.gov.za (formerly BuaNews) was established to provide quick and easy access to articles and feature stories aimed at keeping the public informed about the implementation of government mandates.
Go to: http://www.sanews.gov.za
Comment

Top stories

News

Let's do Biz