Blog on Employment Tax Incentive in South Africa

News, webinars, events and tips on ETI (employment tax incentive) - Youth Wage Subsidy.

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Subscribe to this list via RSS Blog posts tagged in ETI SARS

Posted by on in ETI News
Employment Tax Incentive Extension The Employment Tax Incentive (ETI), is an incentive from government to assist with the employment of youth in South Africa. The incentive started in 2014 and is available to businesses in South Africa. R6.3 billion was claimed between January 2014 and February 2016. ETI claims increased in the last half of 2015. ETI supported around 15 per cent of all jobs in the entire youth cohort of 18 to 29 year olds, this is 645 973 people. The incentive is focused on people between the ages of 18 and 29, earning less than R6000 per month. In a draft Taxation Laws Amendment Bill, 2016, it is suggested to extend ETI to February 2019. We can assist with your ETI. Contact us now....
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Posted by on in ETI News
ETI legislation Treasury released a media statement 25 September 2016 with proposed changes to the current ETI legislation.  We have informed all of our clients so that they can make the necessary preparations and align their ETI strategies with the proposed changes. It will also give ETI claimants the chance to make submissions to SARS. The public have only until the 10 October 2016 to comment on these changes. The most important of these proposed changes are: The ETI will continue until 28 February 2019. The ETI rollover amounts will be reduced to nil effective 1 October 2016.  ETI claimed for anyone entity may not exceed R20 million rand for any one tax year. These changes will have a material impact on historic and future ETI claims. We are working together with our existing clients to maximise their ETI benefits in terms of these changes. Contact us for ETI Youth Wage Subsidy  ...
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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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