Accounting and Tax Club
Latest news

New B-BBEE codes unveiled! Find out what this means for your business...

Trade and Industry Minister Rob Davies has unveiled the new Broad-Based Black Economic Empowerment (B-BBEE) codes of good practice. Davies announced the new codes yesterday at the B-BBEE summit in Midrand. Reports suggest the codes will be published in the Government Gazette on October 11. Read on [read more...]

Department of Trade and Industry set to announce new B-BBEE codes...

The Department of Trade and Industry, together with the Black Economic Empowerment advisory council, will announce new Broad-Based Black Economic Empowerment (B-BBEE) codes of good practice at a summit on 3 and 4 October, Fin24 reports. Read on to find out how this announcement could affect your [read more...]

Industrial Action Report finds SA recorded the highest number of strikes last year

A 2012 Industrial Action Report tabled by the Department of Labour (DoL) has showed a significant increase in the number of strikes last year, compared to the previous four years, EyeWitnessNews reports. According to the report, there were 99 strikes recorded last year alone. Here are the key [read more...]

Tags: , sdl or uif, , , , , uif, sdl, employees' tax

Should your register for employees' tax, SDL or UIF?

by , 23 October 2013
You, as the employer, are obliged to register for employees' tax purposes if you pay remuneration to an employee who is liable for normal tax. That's not all. Read on to find out if you should also register for the Skills Development Levy (SDL) or Unemployment Insurance Fund (UIF).

'Many taxpayers find themselves facing serious difficulties, either when they try to de-register from tax or when SARS de-registers them without warning,' says the Practical Tax Loose Leaf Service.

Let's take a look at the basics of tax registration so you can make your registration correctly and avoid any nasty surprises.

So when should you register for employees' tax, SDL or UIF?

Employees' tax: As mentioned earlier, you're required to register for employees' tax if you pay remuneration to an employee liable for normal tax.

SDL: As an employer, you must register for SDL purposes unless you can prove that the total leviable amount paid or payable by you to all your employees during the following12 month period will NOT exceed R500 000.

UIF: If you're obliged to register for employees' tax, you're also obliged to register with SARS for UIF contribution purposes.

Employees' tax, SDL and UIF: You'll be obliged to register for employees' tax, SDL and UIF where any one of your employees is liable for normal tax AND you have reasons to believe the total leviable amount paid or payable by you to all your employees during the following 12-month period will exceed R500 000,

Employees' tax and UIF only: Where any one of your employees is liable for normal tax AND you have reasonable grounds for believing that the total leviable amount paid or payable by you to all your employees during the following 12 month period will NOT exceed R500 000, you'll be required to register for employees' tax and UIF purposes with SARS.

SDL and UIF only: You must register for SDL and UIF purposes where none of your employees is liable for normal tax AND you believe the total leviable amount paid or payable by you to all your employees during the following 12-month period will exceed R500 000.

Now that you know when to register for employees' tax, SDL or UIF, make sure you comply.

Author: FSP Business


Labour and HR Club Top Question:

Can an employee give notice while on maternity leave.

Can an employee give notice while on maternity leave. She is in her last month of maternity leave and came in yesterday to give notice. Her return date to work was 03 January 2013. [see the answer]

Related articles

FREE eNewsletter

Sign up to Tax Bulletin

Get daily tax, Vat and accounting news delivered to your inbox

Download your FREE report now

Comments
0 comments

There are 47 ways to get more money back from SARS
>> FIND OUT MORE HERE<<
Save your business from penalties by being an instant audit expert!
>> FIND OUT MORE HERE <<
Make a dismissal stick, even if it goes to the CCMA
>> FIND OUT HOW<<
Get the only DoL recognised way to train your HSE representative
>> FIND OUT HOW <<
You have to dismiss an employee, but do you know how?
>> FIND OUT HOW HERE <<
3 Instances where you don't have to pay Capital Gains Tax...
>> FIND OUT MORE HERE<<
Exclusive report: Calling all HR managers - this is a must read!
>>Read more<<
Improve your cash flow and eliminate simple accounting mistakes
>> FIND OUT MORE HERE<<
The HR resource that’s making over 13 240 managers' lives MUCH easier!
>> Read more <<
Employers - You must display a summary of the BCEA and EEA
Get your summaries here
Find out how to recruit staff effectively
>> CLICK HERE <<
Cut your health and safety training bill by 80%
>> FIND OUT HOW <<
News
ATTENTION EMPLOYERS: Even part-time staff must have a contract

>> CLICK HERE FOR MORE DETAIL <<
40 Tools to Manage your Business Tax Risk

>> CLICK HERE <<
MANDATORY NOTICE FOR ALL EMPLOYERS: no matter how many people you employ 1 or 100

Read more now
Giant health and safety mistakes that 2 out of 3 companies make every year

>> FIND OUT MORE HERE <<
Save R24 469 by keeping an accurate logbook today

>> CLICK HERE <<
Attention Employers! From the Department of Labour: Not displaying summaries of the EE Act and BCEA in the workplace is punishable by law

Read more here
Media


Useful Links







SAICA

SAIPA



Labour and HR Club

Department of Health

New-Business Ideas

COID

Business Ideas Club















© 2013 Fspbusiness.co.za. All rights reserved.

Contact Us | Privacy Policy | FAQ | Our Products | About Us | Our Experts | Disclaimer | FREE DOWNLOADS

Disclaimer
Copyright 2013, Fleet Street Publications (Pty) Ltd. The information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. No action or inaction should be taken based solely on the contents of this publication. We do research all our recommendations and articles thoroughly, but we disclaim all liability for any inaccuracies or omissions found in this publication. No part of this publication may be reproduced or transmitted in any form or by means of electronic or mechanical, including recording , photocopying, or via a computerised or electric storage or retrieval system without permission granted in writing from the publishers.
powered by
Fokus Digital Services