The South African Revenue Service has provided step-by-step examples and a handy ETI calculator to explain the Employment Tax Incentive calculation as formulas are sometimes difficult to understand. The examples and the ETI calculator are intended to help you work out your incentive amount which may be claimed.
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.