Treasury says no to raft of Covid-19 tax relief proposals

South Africa News News

Treasury says no to raft of Covid-19 tax relief proposals
South Africa Latest News,South Africa Headlines
  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Pleas were made in parliament for more tax relief during public hearings on two draft tax bills

The Treasury has not accepted a proposal from labour federation Cosatu that state Covid-19 relief be made conditional on companies creating jobs.

Also, obtaining the relief could help companies so that they did not have to retrench as many workers as they would otherwise have had to do. Axelson and other Treasury and SA Revenue Service officials briefed the committees on their response to submissions made in public hearings on the draft Disaster Management Tax Relief Bill and the Disaster Management Tax Administration Bill.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BDliveSA /  🏆 12. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

COVID-19: North Korea declares emergency in border town over first suspected Covid-19 caseCOVID-19: North Korea declares emergency in border town over first suspected Covid-19 caseSEOUL, July 26 (Reuters) - North Korean leader Kim Jong Un declared an emergency and a lockdown in a border town after a person suspected of being infected with the novel coronavirus returned from South Korea after illegally crossing the border, state media said on Sunday.
Read more »

Treasury: IMF’s low interest Covid-19 loan will provide financial reliefTreasury: IMF’s low interest Covid-19 loan will provide financial reliefThe International Monetary Fund has approved a $4.3-billion – R71-billion – loan to South Africa to bolster the economic relief package
Read more »

Treasury says no to raft of Covid-19 tax relief proposalsPleas were made in parliament for more tax relief during public hearings on two draft tax bills
Read more »

ECONOMIC WEEK AHEAD: Consumer inflation could fall to fresh lows as Covid-19 bites deeperCPI numbers are likely to reveal the continued disinflationary shock of the pandemic
Read more »

Fully loaded taxis ‘most efficient way to spread Covid-19’Transport minister’s support for the move baffles trade unions and health experts
Read more »

Covid-19 survivor's adviceAn educational psychologist who has recovered from Covid-19 along with her husband and four children has warned people that the virus is a reality and they should not regard it lightly. pretorianews
Read more »



Render Time: 2025-03-01 00:45:20