To assist a greater number of businesses,the previous turnover threshold for tax deferrals is being increased to R100 million a year,and the proportion of PAYE payment that can be deferred will be increased to 35 percent.
Businesses with a turnover of more than R100 million a year can apply directly to SARS on a case-by-case basis for deferrals of their tax payments.
No penalties for late payments will be applicable if they can show they have been materially negatively impacted in this period.
Taxpayers who donate to the Solidarity Fund will be able to claim up to an additional 10 percent as a deduction from their taxable income.
In total these tax measures should provide at least R70 billion in cash flow relief or direct payments to businesses and individuals.
The Minister of Finance will provide further details on the above and other tax-related announcements.
In the implementation of all these measures,we are determined to ensure that women,youth and persons with disability received particular attention and support.