Changes have been introduced to “monthly remuneration” for ETI, which will affect the amount of ETI calculated for qualifying employees from 1 March 2022.
Posts with Category "ETI"
National Treasury have introduced updated ETI rates which will take effect from March 2022.
Government has announced various payroll changes that come into effect from 1 March 2022. This blog discusses these payroll changes.
A cornerstone of the culture at SimplePay, which has greatly contributed to our development to date, is our commitment to continuous improvement. This culture is what drives us to continually review and critique both our processes and our system to see where we can be even better.
This blog is a follow up to our previous blog post dated 30 July 2021, regarding the Expanded ETI scheme being introduced by the National Treasury and SARS for the period of 1 August 2021 to 30 November 2021.
Recently businesses in South Africa have experienced numerous hardships and challenges to profitability and for some, their continued existence. As a beacon of hope and in an effort to give support and relief to those affected, National Treasury and SARS recently announced an intended R5 billion tax relief package. To relieve the economic strain being applied to businesses in South Africa currently, it was to be rolled out as soon as possible.
Today’s blog post contains a refresher on ETI in addition to a filing reminder for those who have not already done so.
Important reminder to only claim ETI in May, June and July 2020 for employees earning the higher of the National Minimum Wage or your sector’s minimum wage
Changes to the Employment Tax Incentive Act have been announced in the Second Revised Draft Disaster Management Bill.