– 1% for employee and employer
– Limited to R148.72 each per month
R148.72 employee
R148.72 employer
R297.14 total
– 1%
– -Payroll of >R500 000 annually
Who qualifies:
– 18 to 29 years old
– Not domestic worker / connected person
Benefit:
– R1 000 for employees earning up to R4 500 (previously R4 000)
– Reduced to nil at the maximum monthly income of R6 500 (Previously R6 000)
Companies now have new reporting obligations for “beneficial ownership” Recent announcements on the amendments to the Companies Act 71 of 2008 regarding beneficial ownership were made by the Companies and Intellectual Property Commission (CIPC). Part of the revisions requires that corporations file and update Beneficial Ownership information as and when necessary, giving the CIPC the
Trust and PBO reporting requirements are now official. Public benefit organizations (PBOs) and Trusts, but not solar panel installers, are now included on the final list of third-party data providers required to transmit taxpayer information to the South African Revenue Service (Sars). Trusts and PBOs are permitted to report for the first round voluntarily in
911 Almondrock Ave, Strubens Valley, Roodepoort, 1735
16 Baker Street Rosebank, Johannesburg, Gauteng, 2196
(t) 087 550 1937
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