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The new South African tax rates come into effect from 1 March and there is a small difference in the tax rebates and tax thresholds only. The actual tax rates remain the same and there has been no changes to medical tax credits or any other payroll element. We do however await promulgation of a proposed change to the ETI remuneration from R 4000 per month to R 4500 per month before suggesting a payroll change. Please log onto the Payslip website for more information or to download the tax rebate change for your version.
Just because the website ends with .co.za does not mean the company is registered in South Africa. If you have a dispute, or need to take legal action, will you have to do that in the USA? If you are considering cloud payroll, please look for local suppliers that: Is a registered...
Employers, please remember to extract the payroll information from the February Year End payroll and upload it to the latest version of SARS E@syfile for reconciliation. The reconciliation is due by 31 May but please submit early in order to avoid congestion. All our Payroll systems produce electronic extracts so...
The Tax Tool© calculates tax due for salaries, monthly, weekly, fortnightly wages and adjusts for Medical Tax Credits based on the number of members on medical aid. Lookup all the payroll ceilings, limits, rules on the pdf Cheat Sheet. Caters for 2019/2020 ,2020/2021 and also the 2021/2022 tax year and...
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