Employment tax incentive to benefit employers

With the high unemployment rate in South Africa, government has implemented the Employment Tax Incentive (ETI) to encourage businesses to employ more youngsters.

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Employers will receive an incentive for employing youths, subject to conditions, and a reduction in PAYE. Employers will be able to claim the incentive for a 24-month period for all employees who qualify.

The deadline for the incentive is 31 December 2016, but its effectiveness will be reviewed to determine whether or not to continue with the incentive.

Click on the link to learn more on the Employment tax incentive and The ETI calculations

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