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Webinar: Employment Tax Incentive - All you need to know
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2014/02/13
When: 2014/02/13
15h00pm until 17h00pm
Where: Webinar online session
Presented live from Gauteng
Contact: Silvia Motaung


Online registration is closed.
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Employment Tax Incentive - All you need to know

Overview:

President Jacob Zuma signed the Employment Tax Incentive Act on 18 December 2013.

The incentive is an initiative that will complement government’s measures (as listed in the Youth Employment Accord) to create jobs for young workers and those in special economic zones.

A recent poll conducted by SAIT revealed that there appears to be a lack of awareness of this incentive by employers and that some businesses have not yet updated their payroll systems to cater for the deduction to their PAYE bill - this deduction is available for the first time when submitting the EMP 201 on 7 February 2014 (just under 2 weeks from now).

This webinar covers the legal and operational issues of this Act that are most relevant to practitioners and their clients to ensure that they are geared to receive this benefit.

During this session, the legislation will be considered from a practical perspective with examples to gain an understanding of the impact of these on your clients.

Join us on 13 February 2014 at 15:00 – 17:00


Workshop Content:

Considers a number of aspects of the ETI:

  • When are employers and employees eligible for the incentive?
  • How to determine the amount of the reduction in the PAYE payable by employers
  • How to treat cases when the ETI exceeds the monthly PAYE payable
  • How to report the ETI to SARS
  • What situations will cause the ETI to cease operating?
  • The penalties payable for default and disqualification from the incentive


Presenters:

Beatrie Gouws, Director PIT & Savings at the National Treasury

Qualifications: B.Com. Law; LL.B; and LL.M. (Law of Taxation) – UJ; Certificate in Financial Management – UJ; Certificate in Advanced International Taxation (cum laude) – WITS. She joined Standard Bank: Group Tax in 1999 where she specialised in indirect taxes (including securities taxes), and international tax. She was a VAT: Law Interpreter at SARS - Law Administration: Indirect Taxes from 2004 to 2006 after which she moved to the Momentum Group. As part of Momentum Group Tax she focused on employees' tax and benefits, and retirement related taxation until 2011. In 2011 she joined National Treasury as the Director: Personal Income Tax and Savings in Tax Policy – Legal Tax Design. She has extensive experience in the tax industry and has been invited to present as a guest lecturer and speaker by universities and industry bodies.


CPD:

Webinar Participation & Completion of the Online Assessment will secure 2 hours Verifiable Output CPD hours.


Event Investment:

SAIT members only: Free

WHY REGISTER WITH SAIT?

Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.

MINIMUM REQUIREMENTS TO REGISTER

The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.

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