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  • Important Update: TERS and 'Covid-19 relief fund organisation' payment IRP5 codes

    On 23 April 2020, SARS released the original PAYE BRS (V19.3) which confirmed the IRP5 code to be used for TERS payments (i.e. IRP5 code 3724). On 25 April 2020, SARS published FAQ’s for employers to explain the tax relief measures. This page has been…
  • Important information in preparation of Release 5.4c (to be released towards end of May 2020)

    The South African Ministry of Finance published the revised draft Disaster Management Tax Relief Bill and draft Disaster Management Tax Administration Relief Bill on 1 May 2020. Additional relief and changes to existing measure and calculations were…