The answer to this query is based on legislation as at2014/03/10.
Q: I need
a bit of information please. I need to know the maximum salary for Workens
Compensation contributions for the 2013 /2014 return. Can’t find anything on
the Department of Labour website.
A: Assessment tariffs, reviewed annually, are based
on the risks related to a particular type of work. Employers fall into one of
over a hundred subclasses, each with its own assessment tariff if an
employer’s accident costs are higher than others in the same subclass, the
assessment tariff may be increased. If costs are lower, the rate may be
reduced. In practise will the employer be issued a return on an annual basis
and from the information provided in the return will an assessment be issued.
The basis of assessment is therefore not the same as for example UIF (capped
amount). You may visit www.labour.gov.za for further information.
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.