Payroll Taxes

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UIF

– 1% for employee and employer

– Limited to R148.72 each per month

R148.72 employee

R148.72 employer

R297.14 total

SDL

– 1%

– -Payroll of >R500 000 annually

ETI

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)

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EMP501 – Employment Reconciliation Declaration

What Is It? It involves an employer submitting an accurate Employer Reconciliation Declaration (EMP501), Employee Tax Certificates [IRP5/IT3(a)s] to be issued and if applicable, a Tax Certificate Cancellation Declaration (EMP601). The three elements that must reconcile in order for your submission to be successful are the: Monthly Employer Declarations (EMP201s) submitted. Payments made (excluding penalty

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Receive Your Tax Number Via SMS

SARS has added a new web feature, that allows taxpayers to have their tax reference numbers sent to them via SMS. All the client needs to do is, click on this link: https://tools.sars.gov.za/soqs Fill out their personal details on the form. Select the “What’s My Tax Number? “option under the query type drop down. What

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