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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Youth Wage Subsidy Tax Implications Although the controversial Youth Wage Subsidy, made possible through the Employment Incentive Act (EIA) has been with us for a while, many businesses don’t realise that they should be receiving monetary benefits from it. With its extension beyond 2016 in doubt, businesses have limited time to apply for an ETI reimbursement.  The Youth Wage Subsidy,which came into being through the Employment Incentive Act No 26 of 2013 (ETIA),allows employers to claim a deduction on the amount of PAYE they have to pay over to SARS based on the number and salary of qualifying employees, provided that certain conditions are met. Since its inception in January 2014, the Employment Tax Incentive (ETI) has been both fiercely criticised and praised. It will no doubt again draw the political spotlight before it either comes to an end in December 2016 or is extended. Read full article here: Understanding the Tax Implications of the Youth Wage...
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