The Employment Tax Incentive Act (Act No. 26 of 2013) has been promulgated on the 18th of December 2013 in Government Gazette No.37185.
The purpose of the Act is to provide for an employment tax incentive in the form of an amount by which employees’ tax may be reduced; to allow for a claim and payment of an amount where employees’ tax cannot be reduced; and to provide for matters connected therewith.
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.