Is srd grant increased to r500 in 2022

A very specific question!

According to the South African Revenue Service (SARS) website, the Small Business Relief (SBR) grant, also known as the Simplified Return (SRD) grant, has indeed been increased to R500 per month for the 2022 tax year.

The SBR grant is a tax relief for small businesses and individuals who are required to submit a Simplified Return (SRD) to SARS. The grant is designed to reduce the administrative burden and costs associated with submitting a tax return.

As of 2022, the SBR grant is R500 per month, which is an increase from the previous amount of R450 per month. This means that eligible individuals and small businesses can claim a monthly grant of R500 when submitting their SRD return.

Please note that to qualify for the SBR grant, you must meet certain criteria, such as being a small business or individual with a turnover of less than R1 million per annum, and having a Simplified Return (SRD) return to submit to SARS.