TERS stands for Temporary Employer / Employee Relief Scheme, a directive issued by Government aimed at providing relief to those affected by Covid-19.
Should your employer have closed all or part of its operations as a result of Covid-19 for 3 months or less, then it is their obligation to apply for these benefits on behalf of employees.
This is over & above the "normal" UIF that employees are entitled to when losing their jobs or have reduced working time.
If your employer required you to take annual leave during lockdown, then it may set-off any amount received from the UIF against the amount paid to the employee in respect of annual leave.
You as employee must be credited with the proportionate entitlement to leave in the future.
Don't get confused with "normal" UIF where employees can directly claim from the UIF.
The obligation for employers to apply for TERS would only arise where its employee are not being paid their full usual salary or have been placed on annual leave. This includes Domestic Workers.
For companies with less than 10 Staff members, employees are allowed to send in applications directly to the UIF as well.
Follow up with the UIF HERE or 012 337 1997.
Employers:
Click Here
All on the tab on the left side of screen:
Select Benefit Applications & Payments.
Click on Covid-19 TERS Benefit.
Select APPLY.
Download the Employee Declaration & click Next.
Click that you Accept Ts & Cs.
Complete Employer info (UIF nr & bank details) as well as Employee info.
Upload ID & Declaration docs. Not more than 2MB.
Confirm correct and SUBMIT.
Upon successful submission, an email will be sent to you.
SDL HOLIDAY
A payment holiday is allowed by SARS for the months of May - August for any payment of SDL. Employers do not have to declare any SDL on the EMP201 returns or make payments.
PAYE DEFERRAL
For the months of April - July, there is relief for companies not having to on behalf of its employees pay normal PAYE.
Read more here.
ETI RELIEF
Qualifying employees can claim an additional amount of relief for Employee Tax Incentive (ETI).
Read more here.
NO PENALTIES
Companies that can show that they are incapable of making payments due to the crisis may apply to SARS to defer payments without incurring a penalty.
CARBON TAX
Carbon tax payments were moved out from 31 July to 31 October 2020..
PROVISIONAL TAX
Tax Relief for companies with turnover of less than R100m. Usually 50% of expected tax bill must be paid 6 months into the year. It is now allowed to only pay 15%.
VAT REFUNDS
Smalled companies who are registered as VAT vendors may claim VAT on a monthly basis instead of every 2 months.
EXCISE DUTY
Cigarette & alcohol companies liable to pay Excise Duty in May & June, have received extention of 90 days extra to pay.
SMME funding
The Debt Relief Finance Scheme assists distressed small companies. The Business Growth/Resilience Facility helps take advantage of supply opportunities as result of shortage of certain goods. You need to register HERE.
TOURISM COMPANIES
A once-off grant of R50'000 will be paid by the Department of Tourism to approved small/medium enterprises.
We can help here.
FILM INDUSTRY
Players in the industry may submit to the NFVF application for script development, post production projects & animation. The NFVF also provides R500'000 to its commissioned members.
MINIBUS TAXI
Clients of SA Taxi may enjoy a month payment holiday from April.
We can help here.
MUSICIANS
SAMPRA has announced bringing forward roaylties to be distributed to musicians from August to April 2020.
SPAZA SHOPS
Spaza shops may receive funding to buy stock & get bullk discounts. They need to however be registered with CIPC, UIF & SARS.
Tax Ninja is a team of
