Tag: remuneration

In September 2022, the Copyright Amendment Bill was passed by the National Assembly – giving South African artists, creators and entrepreneurs more benefits and rights, including receiving adequate remuneration.

Family-owned businesses make up a significant portion of all businesses registered and operating in South Africa. In fact, family-owned businesses are today recognised as vital participants in, and contributors to, the country’s economy.

The concept of a four-day work week is attracting growing interest in countries around the world, including South Africa. Local employers must understand the model, decide if it will work for them, and know how to implement it effectively.

Most employees break out into a cold sweat when they see the PAYE amount on their payslips, not to mention that they are petrified in trying to understand these calculations. With some basic professional training with practical examples, understanding the basics of tax can easily be learnt with basic arithmetic.

Powerful international trends are changing the governance and remuneration landscape significantly. These trends are ushering in a profound shift in how we think about governance and remuneration, and smart boards and executive teams need to understand their implications.

The world has changed irrevocably and a new way of life and work in every aspect is now a reality. This requires HR to review its priorities and place renewed emphasis on 'being human' and building effective human systems and human organisations.

As the nationwide COVID-19 lockdown nears the end of its initial deadline, businesses across the country have had to review the way that they communicate with their employees. With the diminished in-person contact that employers now have with their workforce, it is vital to have a system in place that ensures staff are equipped with the right information in order to stay safe, remain engaged with their companies, and be prepared for work to resume.

Further to the fiscal package as outlined by President Cyril Ramaphosa in his speech on the Escalation of Measures to Combat COVID-19, the Minister of Finance has announced on 29 March 2020 certain exceptional tax measures to be implemented.

You, as the taxpayer, are responsible for declaring the correct information to SARS and will face the consequences if you don’t. Ensure that your tax practitioner declares all income by providing all the correct information to him or her.

With the effective date of 01 March 2020 for the ‘expat tax’ drawing closer, South African expatriates, their employers and tax advisors have little time to come to grips with the impact that this tax policy and law change will have on them personally.