Archive for February, 2014

With effect from 1 January 2014 employers can take advantage of the Employment Tax Incentive (often referred to as the “youth wage subsidy”). It appears to be a very simple process, essentially administered by SARS.

WHO DOES IT APPLY TO?
The scheme is available to employers who employ South Africans citizens and asylum seekers with valid permits aged between 18 and 29. There are however a few exclusions which include:

• Government departments;
• Municipalities;
• Public entities; and
• Employers not registered for PAYE.

Employers can also not claim ...