Legal updates and opinions
Authors
News / News
Urgent update: COVID-19 Temporary Employer / Employee Relief Scheme (“TERS”) deadlines and delay in payments
by Jacques van Wyk, Director; Andre van Heerden, Senior Associate; and Thabisa Yantolo, Candidate Attorney
On 15 September 2020 the Department of Employment and Labour published a statement regarding the new deadlines for TERS applications and the delay in payments (“statement“).
According to the statement, deadlines for the TERS applications have been extended. No applications will be accepted beyond the new deadline dates. Claims which have already been submitted will not be affected by the deadline.
The new dates are the following:
- March 2020 to May 2020, applications close on 25 September 2020;
- June 2020, applications close on 15 October 2020; and
- July to 15 September 2020, applications close on 30 October 2020.
The statement also notes that the TERS payments are currently still on hold. This is due to the Unemployment Insurance Fund (“UIF“) working with the Department of Home Affairs and other government databases to verify the identity documents in those who applied for the benefit.
The full statement may be accessed at: http://www.labour.gov.za/unemployment-insurance-funds-announces-new-closing-dates-for-covid-19-ters-benefit-payments.
Latest News
Broad-Based Black Economic Empowerment Commission announces investigations of trusts used in B-BBEE ownership structures
INTRODUCTION On 7 August 2017, the B-BBEE Commission announced that it had initiated 17 investigations for possible contraventions of [...]
Common shareholding and cross-directorship – a competitive conundrum when investing
"VICTORY IS BY NATURE INSOLENT AND HAUGHTY" Cicero The South African economic landscape undoubtedly reflects concentrated ownership structures. An [...]
To credit is to pay
Although common in practice, and especially between group companies, not much judicial thought has previously been given to the tax [...]
Domestic violence: a sad South African reality
The plight of violence against women in our country has been given much media attention in recent times, especially during [...]
Top ten reasons to register your trade marks
The significance of registering trade marks should never be underestimated by any business with countless reasons as to why you [...]
Understatement penalties: what is a bona fide inadvertent error?
INTRODUCTION The Tax Administration Act No 28 of 2011 (TAA) introduced the understatement penalty regime with effect from 1 [...]
