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News & Press: SARS News & Tax Administration

Employment Tax Incentive sessions

24 February 2014   (0 Comments)
Posted by: Author: SARS and National Treasury
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Author: SARS and National Treasury

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:



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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