Treasury says no to raft of Covid-19 tax relief proposals

The Treasury has not accepted a proposal from labour federation Cosatu that state Covid-19 relief be made conditional on companies creating jobs.

Also, obtaining the relief could help companies so that they did not have to retrench as many workers as they would otherwise have had to do. Axelson and other Treasury and SA Revenue Service officials briefed the committees on their response to submissions made in public hearings on the draft Disaster Management Tax Relief Bill and the Disaster Management Tax Administration Bill.

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