A tax return is essentially a form you submit to theSouth African Revenue Service (SARS)to report your income, deductions, and any taxes you’ve already paid. It helps SARS determine whether you’ve overpaid or underpaid your taxes for the year. If you’ve paid too much, you could be d...
Take home pay = Gross salary - PAYE - UIF(UIF / Unemployment Insurance Fund is levied at 1% of your gross income, at most R177.12)Take home pay = R 16,650.00 - R 1,838.33 - R 148.72Take home pay: R 14,662.95 per month :) You can make use of our SARS income tax calculator ...
The ETI reduces the cost of hiring young people (i.e. 18 to 29 years old) through a cost-sharing mechanism with the government by reducing the pay-as-you-earn (PAYE) owed to Sars while leaving the salary received by the employee unaffected. It allows the employer to reduce the cost of...
Portions of regular employee salaries contribute to UIF (Unemployment Insurance Fund) and PAYE (pay as you earn) taxes. In contrast, provisional taxpayers are typically self-employed and don't have those obligations. While defined thresholds and characteristics separate these two types of taxpayers, ...