Tag: employee tax
Should companies defer their PAYE obligations?
President Ramaphosa announced on 25 July that government will provide continued support to businesses by deferring employees’ taxes (PAYE) for three months. On the face of it, the relief measure will help businesses stay afloat, but employers should think carefully before they choose to implement it.
Myths that employee tax training can instantly dispel
When it comes to employee tax, a little training goes a long way towards restoring productivity. Many employees don’t understand the complex tax calculations payroll applies to their earnings each month and often question these deductions.
Tax on year-end gifts for employees
December has arrived, and with Christmas around the corner, many employers are left in a pickle when deciding on gestures of good faith and appreciation for their employees.
Treasury’s Special Budget is up against significant challenges
On Wednesday, 24 June, Minister Mboweni will table a Special Adjustment Budget. This is an extraordinary event, precipitated by the effect of the COVID-19 outbreak that has caused so many deaths and ravaged great parts of the economy.
Taxation of expats changes in the pipeline
Some South African tax residents working abroad, often referred to as 'expats', are grumbling about changes to the Income Tax Act, 1962 (the Act) which comes into effect on 1 March 2020.
