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Subscribe to this list via RSS Blog posts tagged in What is the Employment Tax Incentive (ETI)?

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What is the Employment Tax Incentive (ETI)? The ETI (employment tax incentive) is an incentive aimed at encouraging employers to hire young and less experienced work seekers. The ETI reduces an employer's cost of hiring young people through a cost-sharing mechanism with government, while leaving the wage the employee receives unaffected. Businesses are looking for an extension on ETI, currently under review as it is set to expire end of 2016.   There are a couple of key factors under review regarding ETI. The ETI is to be extended for another 2 years. Government is considering the continuation of ETI. A cap of R20 million on the value might be set on which an employer can claim. The employment tax incentive main goal is to stimulate employment for people between the ages of 18 and 29 years. According to some stats ETI has assisted around 646 000 youth jobs during 2014 and 2015. The youth jobs is 5.7% the individual tax base in...
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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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