SARS –ADDITIONAL
- Employers allowed to deduct donations to Solidarity Fund directly from payroll (deduction code:4055)
- Only applicable for the year ending 28 February 2021
- This donation may only be deducted for the 6-month period from 1 April 2020 to 30 September 2020;
- A maximum of 33.3% of the taxable remuneration can be considered when calculating the monthly PAYE;
- Taxpayers who donate to the Solidarity Fund will be able to claim up to an additional 10% tax deduction from their taxable income.
- Three-month deferral for filing and first payment of carbon tax from 31 July 2020 to 31 October 2020.
