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(ETI) would be renewed next year, Finance Minister Pravin Gordhan promised At a Johannesburg Chamber of Commerce and Industry breakfast event, the chief financial officer of Servest, Peter Walsh, asked Gordhan for clarity on the subsidy, saying that his company had claimed it for 17 000 employees since it was implemented at the beginning of 2014. Gordhan replied by saying that the ETI would be extended, but that its effects were being studied with a view to possibly changing how it works. The ETI provides a subsidy of up to R1 000 a month to employers of people aged between 18 and 29 earning less than R6 000 in their first formal jobs. This falls to R500 in their second year on the job and falls away in the third. It effectively introduces a two-tier labour market that makes young workers cheaper without actually reducing their wages. Read the full article here: http://city-press.news24.com/Business/gordhan-youth-wage-subsidy-will-continue-20160729...
Tagged in: ETI Youth Wage Subsidy
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Employment Tax Incentive - Practical Workshop This workshop will be practical and includes an actual ETI re-imbursement case study. This session is ideal for corporates, Payroll Managers, HR Managers, Financial Managers, Accountants, Consultants and Auditors. It will be an intensive one day session helping you to claim your ETI benefits successfully. Your ETI strategy should include how far back can you claim, what to claim, how much to claim, when to claim and risk management . You will have the opportunity to interact directly with the speaker. Book your sear here. Limited space for the ETI Practical Workshop....
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ETI Audit – a health check on your ETI numbers

ETI is a self-managed tax incentive, the first of its kind in South Africa. Like PAYE you are responsible for ensuring the right figures are submitted. 

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Making a difference

The reason we help companies claim ETI is because we want to create opportunities for youth to find employment. If we can employ the youth, over 40% of whom are unemployed, we will make a significant difference in improving their lives and the state of the economy. Read more about ETI

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