What is the criteria to qualify for the Tourism Relief Fund?

Home » Travel » What is the criteria to qualify for the Tourism Relief Fund?
}

Published: March 31, 2020

According to the Minister of Tourism, Mmamoloko Kubayi-Ngubane, in her statement released on the 24 March, the criteria to qualify for the Tourism Relief Fund is outlined as follows:

1) Must be a formally registered business with the Companies and Intellectual Property Commission (CIPC).

2) Turnover must not exceed R2.5 million per year.

3) Must have a valid tax clearance certificate.

4) Guaranteed employment for a minimum number of staff for a period of 3 months.

5) Proof of minimum wage compliance.

6) Must provide proof of UIF registration for employees employed by the business.

7) Be an existing tourism-specific establishment as outline in the scope of application (suppliers and intermediaries are not eligible).

8) Must be in existence for at least one business financial year.

9) Prove that the relief is required as a result of the impact of COVID-19.

10) Must submit statements of financial position; over 12 months’ bank statement, balance sheet, income statements, cash flow statements.

11) Indicate the intended use of the resources.

The Minister’s statement is available here. This FAQ will be updated once more information is made available.

Best Practice

PAYE and UIF Compliance

PAYE and UIF Compliance

How this webinar will benefit your business Save time and money Inefficient tax processes and outdated procedures eat into your productivity and profits, and can even result in penalties which could easily have been avoided. Protect your employees Learn how to ensure...

How to do VAT returns and E-Filing

How to do VAT returns and E-Filing

Need help doing your VAT returns and E-Filing? While most South African businesses want to remain compliant with tax laws and regulations, understanding exactly what is required of you, which supporting documents you might need, which rebates might apply to your...

Business Pivot: From exhibition stands to UVC light units

Business Pivot: From exhibition stands to UVC light units

How have businesses pivoted during COVID-19 in South Africa? Established in 2011 out of a factory in Diep River, Cape Town, Cape Customs grew into a well-known exhibition company in the region. Working with multi-national corporates, architects to small businesses...

More travel FAQS

AM I PERMITTED TO BE OUTSIDE MY HOUSE DURING CURFEW HOURS FOR WORK DURING ALERT LEVEL 1 IN South Africa?


Am I permitted to be outside my house during curfew hours for work during Alert Level 1 in South Africa? Yes, you are. According to the Level 1 Disaster Management Regulations, you may leave your residence between 12pm and 4am if you have...

WHAT PERMIT DO I NEED IF I HAVE TO WORK AFTER THE 12PM CURFEW UNDER ALERT LEVEL 1?


 WHAT PERMIT DO I NEED IF I HAVE TO WORK AFTER THE 12PM CURFEW UNDER ALERT LEVEL 1? If you need to be outside your place of residence between 12pm and 4am to perform a service permitted under Alert Level 1, then you need to carry a permit with...

Can I travel to South Africa under Alert Level 1?


Can I travel to South Africa under Alert Level 1? The Government of South Africa has announced that it will begin to partially open its borders from 1 October 2020. All travellers from the African Continent will be allowed, as well as other...

WHAT PERMIT DO I NEED IF I HAVE TO WORK AFTER THE 10PM CURFEW?


 WHAT PERMIT DO I NEED IF I HAVE TO WORK AFTER THE 10PM CURFEW? If you need to be outside your place of residence between 10pm and 4am to perform a service permitted under Alert Level 2, then you need to carry a permit with you. Click here to...

AM I PERMITTED TO BE OUTSIDE MY HOUSE DURING CURFEW HOURS FOR WORK?


AM I PERMITTED TO BE OUTSIDE MY HOUSE DURING CURFEW HOURS FOR WORK?   Yes, you are. According to the Level 2 Disaster Management Regulations, you may leave your residence between 10pm and 4am if you have a Permit to Perform an...

We use cookies to give you the best online experience. By agreeing you accept the use of cookies in accordance with our cookie policy.

Privacy Settings saved!
Privacy Settings

When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. Control your personal Cookie Services here.


In order to use this website we use the following technically required cookies
  • wordpress_test_cookie
  • wordpress_logged_in_
  • wordpress_sec

Decline all Services
Accept all Services