The South African Treasury has issued a media statement on further tax measures to combat the COVID-19 pandemic, including further details on the measures announced by South Africa's president on 21 April. The measures include the following:
Skills development levy holiday: From 1 May 2020, there will be a four-month holiday for skills development levy contributions (1% of total salaries) to assist all businesses with cash flow. This provides relief of around R6 billion.
Fast-tracking of…