The South African Revenue Service (Sars) said it has paid out tax refunds amounting to R2.4 billion in the first four days of the nationwide lockdown.
The refunds comprised payments to large businesses of R1.1 billion and payments to the small, medium and micro-sized enterprises (SMMEs) to the tune of R1.3 billion.
South Africa is one of an increasing list of countries globally that’s battling the economic and health impact of the COVID-19 pandemic.
Sars said it was fully aware of the devastating effect on the lives of citizens, small businesses and the already struggling economy.
Sars said it was therefore committed to maintaining its essential services to mitigate these unfavourable conditions.
The tax collecting authority said these refunds represented a major cash injection into the economy at a critical period.
But Sars said it could only do so if taxpayers and traders remained compliant by fulfilling their payment obligations during the lockdown through online applications.
For official information about COVID-19 from the Department of Health, please click here.
More Stories
Eskom Concedes That Outrage Over Power Cuts Warranted
Electricity Minister To Visit All Power Stations
Over 500 Arrested Nationwide During Protest Action
Malema Rubbishes Concerns That EFF Nationwide Protest Will Turn Violent
Santaco Says Taxi Industry Will Operate As Normal
Government Ready To Deal With Any Eventuality
Nersa Sticks By 18.65% Tariff Increase
Anarchy Will Not Be Allowed In SA – Ramaphosa
It’s Anarchy Of The Highest Order – Mbalula
Cape Town Stockpiling Diesel For Winter
ANC Is Not Corrupt – Mbalula
No Timeline On Phala Phala Probe – Lebeya