UIF TERS Update

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Steps are being taken forward with regards to sorting out the UIF TERS challenges.
 
CEO of TBCSA, Tshifhiwa Tshivhengwa, attended the Nedlac UIF Task Team meeting yesterday afternoon. Together with several other affected industry parties, he raised the issues of SARS SIC Codes and related qualifying sector categories as well as the backlog for payments from 2020.

He requested that:

  • We are kept informed of the approved categories/codes
  • Clarity is provided on whether SARS codes are being used, or whether it is perhaps linked to SETA or CIPC codes
  • If relevant sectors have not yet been approved, how they can be added
  • We are kept updated on how they will be dealing with the backlog

The UIF stated that they will make amendments and corrections whilst on the run but needed to start so that they do not delay this important process.

The difficulty comes in when verifying which businesses qualify for the extended TERS. It seems as if they are using the CIPC business activity as well, but clarity will be provided (see below). 

In the meantime, we have received the below breakdown through unverified sources but have decided to share it with you:

The Task Team agreed to an urgent Operations Technical Team meeting which will take place tomorrow. The meeting will:

  • Clarify which code system is being used as verification – SARS or CIPC or a combination 
  • Explore a two-phased approach where, should a company be declined, there is an option to make an alternative submission and motivate for approval  
  • Discuss the possibility of a channel for appeals
  • Provide more information and clarity on the process, steps and codes/categories

Some good news is that it seems the current approved applications will start being processed this week. However, the issue of foreign nationals who cannot be verified is still a major problem.

A big word of thanks to TBCSA and specifically Tshifhiwa for his tenacity in finding solutions for us.