DTVDH

EMPLOYER ANNUAL DECLARATIONS (EMP501): 1 APRIL TO 31 MAY 2023

This year, the Employer Annual Declaration opens on 1 April and closes on 31 May 2023. During this period, employers are required to submit their annual reconciliation declarations (EMP501) that reflect accurate and the latest payroll information about their employees, monthly employer declarations (EMP201) for PAYE, UIF and SDL; payments made (excluding penalties and interest […]

Decisive action, better conflict resolution

Many employers often decide to leave disciplinary matters for a later date and/or overlook matters of concern to avoid conflict. However, when handled well, conflict can have a positive impact on an employee’s performance and behaviour after they have made an error. Did this ever happen to you as a teenager? You’re sitting in the backseat of the car after being picked up […]

Mayday, Mayday! Is jy toegerus vir ‘n werkplek noodgeval?

Die identifisering van die moontlike gevare en nie so onmiddellike bedreigings is en bly noodsaaklik. Daar is ‘n verskeidenheid wette en regulasies wat die voorsorgmaatreëls teen gevare in ‘n werkplek voorskryf en dinge wat in plek moet wees indien ‘n noodgeval ontstaan. Die woord ‘Mayday’ is in die 1920’s geskep toe Frederick Stanley Mockford die voorstel […]

FOREIGN EMPLOYMENT INCOME: TAXATION

South Africa has a residence-based tax system, which means residents are taxed on their worldwide income, regardless of where that income was earned. South African tax residents living overseas and earning remuneration in respect of services rendered outside of South Africa are exempt from tax in South Africa, provided that the individual is outside of […]

EMPLOYEE TRUSTS: HOW DISTRIBUTION WORKS

Binding Private Ruling 330 (“BPR330”) was issued on 3 October 2019 and relates to the tax implications arising from distributions of dividends and other amounts from an employee trust to beneficiaries on the termination of their employment. The taxpayer (a resident trust) was established for the benefit of the black permanent employees of Company A. […]

THE TAXATION OF EMPLOYEE INCENTIVE SCHEMES

It has become popular commercial practice for many employers to design employment incentive schemes whereby employees are remunerated for services rendered over a period of time by allowing them to participate in share incentive schemes. Typically, these schemes take the form of either cash-based settled schemes or share-based settled schemes. The former involves participating employees […]

EXTENTION OF LEARNERSHIP ALLOWANCES AND EMPLOYMENT TAX INCENTIVE

With the focus on skills development and job creation, the existing allowance for learnership agreements has been extended to all agreements entered into before 1 April 2022. Similarly the Employment Tax Incentive (ETI) has been extended to 28 February 2019. Section 12H of the Income Tax Act[1] allows an employer to claim a “learnership allowance” […]

EXEMPTION FOR FOREIGN SALARY EARNERS

South African tax resident individuals are liable to income tax on their worldwide income. In other words, where a South African tax resident individual were to earn a salary for employment which may from time-to-time be exercised outside of the borders of the Republic, that income earned is still included in that South African tax […]

SALARY SACRIFICE SCHEMES – LATEST JUDGMENT BY THE SUPREME COURT OF APPEAL

Salary sacrifice schemes are popular in practice. Typically, they involve employers paying a decreased salary to their employees, with an added fringe benefit to make up for the lost ‘cost to company’ sacrificed by the employee to obtain the benefit. For example, an employee may prefer to enter into a salary sacrifice with his/her employer […]

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