On 3 April the South African Revenue Service (Sars) announced that the Disaster Management Tax Relief Administration Bill, 2020 had been published on the Sars website for public comment.
The closing date for comments is 15 April.
In terms of proposed clause 5(2)(a)(i) of the Bill, certain time periods prescribed in terms of the Customs and Excise Act, 1964, are suspended for the duration of the national lockdown as defined in clause 1 of the Bill. The time periods that are not extended during the national lockdown are dealt with in clause 5(2)(a)(ii).
In respect of these time periods, the current provisions of the Act, 1964, will apply. Current provisions in terms of the Customs and Excise Act in relation to interest and penalties will continue to apply in respect of non-compliance.
Story by: Riaan de Lange