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News & Press: SARS News & Tax Administration

Call for Comment - Draft Employment tax Incentive

20 September 2013   (0 Comments)
Posted by: Author: SARS Legal and Policy
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Author: SARS Legal and Policy

Cabinet this week approved the publication for public comment of the Draft Employment Tax 
Incentive Bill which is aimed at encouraging employers to give young people their first job 
experience as well as boost employment by firms operating in the Special Economic Zones 
(SEZs).

The Bill gives effect to the announcement by the President in his 2010 State of the Nation 
Address and the National Youth Accord. National Treasury on Thursday briefed Parliament’s 
Standing Committee on Finance (SCOF) on the bill.

To read the full media statement please click here:

Annexure A - Draft Employment Tax Incentive Bill, 2013

Annexure B - Explanatory Memorandum on the draft Employment Tax Incentive Bill, 2013

Annexure C - Frequently Asked Questions on the draft Employment Tax Incentive Bill, 2013

SAIT will be making a submission to SARS, please provide comments before the 7th of October 2013.

Comments may be sent to taxtech@thesait.org.za


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.

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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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