The private sector remains an engine of growth and employment in the South African economy. Government is implementing the Employment Tax Incentive to share the cost of employing of hiring young workers with employers. The incentive came into effect on 1 January 2014, and is open for qualifying hiring that took place after 1 October 2013.
National Treasury and the South African Revenue Service invite employers to a series of information sessions on the Employment Tax Incentive in the following cities:
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.