How to align your payroll with the Employment Tax Incentive Bill
[Johannesburg, 4 December 2013] -
South Africa is well known for its high unemployment rates especially among the youth. In an attempt to reduce this, government has proposed the implementation of the Employment Tax Incentive (ETI) scheme to encourage businesses to employ young people. The bill was adopted and the proposed implementation date is set as 1 January 2014. In practical terms, this means that the employer will receive an incentive for employing youths, subject to certain conditions, which will be in the form of a reduced monthly PAYE liability.
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