Employment Tax Incentive – Accounting And Income Tax Treatment

Section 7 of the ETIA sets out the formulae to determine the amount of the employment tax incentive. For instance, from 1 January 2014 for each month of the first 12 months of which an eligible employer employs a person for a full month and who earns R2 000, the employer will enjoy a reduction of R1000 of their monthly PAYE liability.

via Employment Tax Incentive – Accounting And Income Tax Treatment – Tax – South Africa.

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