VAT payments due by 15 March 2020 and 15 April 2020 to be settled in two equal instalments with the two quarterly returns immediately following the quarter in relation to which the VAT was deferred.
No interest or penalties will be charged on tax payments that are postponed in terms of this measure.
The Commissioner for Revenue has also committed to accelerate pending tax refunds.
The deadlines for submission of statutory tax documents and notifications will however remain unchanged.
Source PWC
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