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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...]by FSP Business, 23 October 2013 |
'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.
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]