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Employment Tax Incentive (ETI) refund process

06 October 2014   (0 Comments)
Posted by: Author: SARS
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Author: SARS

The Employment Tax Incentive Act and the draft amendments to this Act in terms of the Draft Taxation Laws Amendment Bill, 2014, allows for the introduction of a refund process that will refund employers the amount of the allowable ETI that wasn't used to reduce the Employees’ Tax amount payable at the end of each six month reconciliation period (1 March to 31 August and 1 September to 28/29 February).

The refund process is expected to be introduced in the last quarter of 2014 and a final pay-out date will be announced soon.

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