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TERS – Clarity Amidst The Confusion

The UIF Commissioner, Mr Teboho Maruping, has confirmed that the UIF will be assisting employers and employees who are affected by the COVID-19 pandemic where employers may not be able to pay employees by implementing the COVID-19 TERS. When legislation was updated,...

Residential Property Developers VAT Headache

Residential Property Developers VAT Headache

  Background Developers who build residential units must charge VAT at the standard rate (14%) when selling the units. The developers are entitled to claim VAT on the cost of supplies made to them, for example, building materials, etc. However, in some cases...

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