The South African Revenue Services (SARS) is one of the largest tax collecting agencies in South Africa. It is by law to collect revenue from South African citizens and ensure that they comply with the tax law. Their main aim is to ensure that they enhance the economy and social development that will benefit all citizens.
Now that President Ramaphosa has extended the National State of Disaster to 31 January 2021, it begs the question, will the Unemployment Insurance Fund be extending the Covid-19 TERS fund as well? Well, here's what we know.
The Economic Freedom Fighters (EFF) has started protesting against SASSA and decisions they have made concerning providing financial support to South Africans during the pandemic. They are calling this the 'EFF Labour Desk March' as they march to the Department of Labour and SASSA offices.
The Unemployment Insurance Fund is now under fire as it announced the end of the Temporary Employer/Employee Scheme. The UIF's Commisioner has now spoken on the situation saying that TERS was only supposed to be for three months.
Business for South Africa calls for Government to extend the Covid-19 Temporary Employer/Employee Relief Scheme as it was found that the Unemploymnt Insurance Fund does indeed have the funds to do so. The scheme was set up and launched in March and applications closed in September.
The Congress of South African Trade Unions (COSATU) has called Government's move to not extend the Covid-19 Temporary Employer/Employee Relief Scheme 'reckless' and 'outrageous'. They are now calling on the President to extend TERS funds and are saying that this will have many question who is in charge.
It is now your last chance to apply to benefit from the Covid-19 Temporary Employer-Employee Relief Scheme (TERS). The fund has said that they will make sure that all the outstanding valid claims are paid.
The Unemployment Insurance Fund has exceeded R51 billion in payments for Covid-19 Temporary Employer-Employee Relief Scheme (TERS). The fund has now said that they will make sure that all the outstanding valid claims are paid.