To qualify for the COVID-19 Tax Relief for PAYE, employers, must:
- Be either an:
- Individual;
- Partnership;
- Trust; or
- Company/Close Corporation/Shareblock/Co-operative that conducts trade.
- Have a gross income of R100 million or less during the year of assessment ending on or after 1 April 2020, but before 1 April 2021; AND
- That gross income must not include more than 20% in aggregate of interest, local & foreign dividends, royalties, rental from letting of fixed property and any remuneration received from an employer;
- If the rental of fixed property is the primary trading activity and the rental income is substantially the whole of the gross income (at least 90%), disregard this exclusion test; and
- For purposes of a partnership, use the aggregate partner’s gross income from the partnership; or
- Is a qualifying micro business who meet the requirements set out in the Sixth Schedule.
- That gross income must not include more than 20% in aggregate of interest, local & foreign dividends, royalties, rental from letting of fixed property and any remuneration received from an employer;
- Be fully tax compliant, meaning:
- Is registered for all required taxes;
- Have no outstanding returns for any taxes registered for;
- Have no outstanding debt for any taxes registered for;
- Be registered for PAYE as at 25 March 2020.